Economy

The conventional view looks at the domestic credit bubble, the trillions in derivatives and the phantom assets propping the whole mess up and concludes that the only way out is to print the U.S. dollar into oblivion, i.e. create enough dollars that the debts can be paid but in doing so, depreciate the dollar's purchasing power to near-zero.This process of extravagant creation of paper money is also called hyper-inflation. While it is compelling to see hyper-inflation as the only way out in terms of the domestic credit/leverage bubble, the dollar has an entirely different dynamic if we look at foreign exchange (FX) and foreign trade. Words: 1675

The conventional view looks at the domestic credit bubble, the trillions in derivatives and the phantom assets propping the whole mess up and concludes that the only way out is to print the U.S. dollar into oblivion, i.e. create enough dollars that the debts can be paid but in doing so, depreciate the dollar's purchasing power to near-zero.This process of extravagant creation of paper money is also called hyper-inflation. While it is compelling to see hyper-inflation as the only way out in terms of the domestic credit/leverage bubble, the dollar has an entirely different dynamic if we look at foreign exchange (FX) and foreign trade. Words: 1675

Some argue that the Fed is inorganically manipulating free enterprise while others maintain that all the Fed is trying to do is create a balanced economy. This infographic looks at how the Fed's actions are actually impacting the economy and just what information is still being kept from us.

The U.S. is about two years behind Europe’s pernicious path. We are now over 100% debt to GDP, and if we want to know our future, all we have to do is look across the Atlantic because that’s exactly where we are headed.

Our civilization would not be able to handle such a transition from an expansionary credit based economy where goods and services were readily available into a paradigm of credit contraction, supply shortages and destitution and this is what is coming. There is no way to prevent it – only to defer it until a later date - and that day will soon be upon us. Words: 590

Our civilization would not be able to handle such a transition from an expansionary credit based economy where goods and services were readily available into a paradigm of credit contraction, supply shortages and destitution and this is what is coming. There is no way to prevent it – only to defer it until a later date - and that day will soon be upon us. Words: 590

Nouriel Roubini thinks things could get bad after the U.S. presidential elections in November, so bad that the Fed may not be able to prevent the next stock market plunge, and may even go so far as to buy stocks to keep things afloat at some point. Read on to find out what else Dr. Doom thinks might be in store for us.] Words: 310

For the first time in recent history, the average Canadian is richer than the average American. According to data from Environics Analytics WealthScapes published in the Globe and Mail, the net worth of the average Canadian household in 2011 was $363,202, while the average American household’s net worth was $319,970. [In addition,] Canada’s unemployment rate...[has fallen to] 7.2%, and America’s [remains at] 8.2%. Canada continues to thrive while the U.S. struggles to find its way out of an intractable economic crisis and a political sine curve of hope and despair. Words: 805

...[In spite of the fact that] our economy is still struggling to regain its strength [as a result of] stubborn unemployment and sluggish growth at home combined with a slowing China and a dysfunctional eurozone have cast a dark shadow on America’s eternal optimism....I believe there is nowhere else in the world where opportunity abounds and initiative is rewarded as it is in the U.S.A.. [This is confirmed by] the findings of IMD's annual World Competitiveness Yearbook which surveyed more than 4,200 international executives as to how well countries manage their economic and human resources to increase prosperity. Of the 59 ranked economies in 2012, the U.S. ranked 2nd. Words: 734

...[In spite of the fact that] our economy is still struggling to regain its strength [as a result of] stubborn unemployment and sluggish growth at home combined with a slowing China and a dysfunctional eurozone have cast a dark shadow on America’s eternal optimism....I believe there is nowhere else in the world where opportunity abounds and initiative is rewarded as it is in the U.S.A.. [This is confirmed by] the findings of IMD's annual World Competitiveness Yearbook which surveyed more than 4,200 international executives as to how well countries manage their economic and human resources to increase prosperity. Of the 59 ranked economies in 2012, the U.S. ranked 2nd. Words: 734