Economy

Apparently the biggest banks in the U.S. didn’t learn their lesson the first time around because a few days ago, Wells Fargo, Bank of America, and many of the usual suspects made a stunning announcement that they would start making crappy subprime loans once again! Words: 896

When growth becomes exponential the likelihood is that it won’t last and that there will a substantial move in the opposite direction. This article looks at the unsustainable trends in most asset classes, population numbers, inflation and credit growth and discusses the dire consequences that are most likely to unfold in the years to come as a result.

As I've argued several times, the dollar is simply toast....The signals continue to shout a clear "Sell!" Here's why.

Below is an infographic illustrating the outsourcing industry in the U.S. that provides everything you need to know but were afraid to ask.

Every year, the Cato Institute publishes a list of the world’s most “miserable countries” by using a simple economic formula to calculate the scores. Described as a Misery Index, the tally for each country can be found by adding the unemployment rate, inflation, and lending rate together, and then subtracting the change in real GDP per capita. The infographic below visualizes the 10 "most miserable" countries in the world.

Last month the most people in eight years decided that if they were going to buy a new home, now would be the time to do it - but how much longer can this trend continue?

If history is testament, then the above charts indubitably suggest the global economy is edging toward another recession which eventually may plunge into another 1930s like Great Depression.

since we have had the biggest bubble in history over the last 100 years, the end game is likely to lead to the biggest implosion in history of the world economy and financial system.

Every year, the World Economic Forum releases an updated list of the top risks to business based on its survey to 750 members of the organization’s global multi-stakeholder community. Today’s charts and graphics from Raconteur sum up the essentials of this year’s Global Risks report to provide a neat and tidy introduction to the potential pitfalls that could impact markets around the globe.

It is clear global real estate prices are heating up again and, due to interest rates being lower now than in the previous cycle, real estate prices in the U.S. and globally may actually surprise us with several more years of growth before they peak as global liquidity searches for the few relatively safe assets (in the least dirty shirt fashion) as a way to protect against reflation and devaluation in non-U.S. countries.