Since 2000 we have been stuck in a “permanent recession”. Over this period economic policy and financial engineering have merely masked this reality. Unfortunately, all they have achieved has been

“Since these monetary/fiscal fixes (i.e. distortions) didn’t address the real issues, all they can possibly do is increase the magnitude of the next collapse.” Charles Hugh Smith https://www.oftwominds.com/blogmar14/5-yr-fantasy3-14.html

The US economy is now dependent on credit growth that is insufficient without additional induced stimulus. The Fed will not be able to complete its current planned withdrawal from QE

“The last time the “Chairman” of GM started writing his letters GM went bankrupt within 2 years. Yet GM is currently the most widely owned stock by hedge funds. The

“Unfortunately for banks, higher education, buggy whip manufacturers, etc., monopoly and propaganda are no match for technology. Just because a system worked in the past in a specific set of

This is a very credible explanation of how the markets are and have been trading: https://www.youtube.com/watch?v=sEhlH_YlQlc&feature=youtu.be&a

The financial system has been operating under “Gresham’s Dynamic” for some time. This simply means that bad ethics drives out good ethics. Professor Black is both a professor of law

If the US is unable to deliver Germany’s gold to Germany. If the gold comex market is potentially one delivery request from default. If the top regulator in Germany has

“The U.S. economy – thanks to the Fed – has been operating a $1 trillion share buyback program nearly every year since late 2008, buying Treasuries but watching much of

John Hussman shows why US corporate earnings are now experiencing significant downward pressure, at a time when expected long term returns on US equities are already very poor. https://www.hussmanfunds.com/wmc/wmc131216.htm