The Great Depression was the worst economic downturn of the industrialized world, crippling the wealth of Americans throughout the 1930’s. How did it happen? Let’s find out with a 5 Minute History Lesson.
Argentina has been bailed out by the IMF with the biggest ever loan in IMF history. UK retailers are in trouble, more stores are closing down and the press is contributing this to online sales. Consumer credit growth has slowed, …
https://twitter.com/RonStoeferle/status/1004270803448422401 that means most countries have diminishing marginal productivity of debt and are headed to #EconomicHeatDeath KW
by David Haggith It’s simple math — an equal and opposite reaction. After a long spell of QE took mortgage interest down to the lowest it has ever been, a long spell of QT (quantitative tightening) is going to take it …
The Daily Beast Launches a “Your Twitter Followers Hit a Girl” Attack on Elon Musk. Erin Biba is a freelance “science writer.” I put science writer in scare quotes because Biba goes to some lengths to obscure what her credentials are. The …
In The UK… You’re Not Allowed To Talk About It. About What? Don’t Ask! “I am in a country that is not free… I feel jealous as hell of you guys in America. You don’t know how lucky you are…“ AC
Independent MEP Janice Atkinson has become the latest high-profile public figure to speak out about “The Great Replacement” which argues that native Brits and Europeans are being systematically replaced through mass, uncontrolled immigration. Writing about an English Heritage training programme …
by Daniel Carter Humans have had a great ride. We’ve overcome vicious predators, drastic shifts in climate, diseases, large-scale warfare and many other things that would have put an end to lesser species. These days, life is so comfortable and …
The consensus minimum death toll figure for that period in Chinese history is 400,000. Jung Chang and Jon Halliday place the number at up to three million in Mao: The Unknown Story. But even without a single death, the Cultural Revolution would have been …
via bradford-delong.com This year, 2018, will be the 11th year after the 2007 business cycle peak that preceded what is generally called the “Great Recession“. This year American national income per capita will be about 7.5% above its 2007 level. If …
by Michael Snyder People want to feel really good about voting for someone when they go to the polls on election day, and that is why so many true conservatives are rallying around our campaign for Congress. Our campaign represents a …
Economics of Money and Banking by Institute for New Economic Thinking. The total duration of the playlist is 12 hours or so but broken into short 5-10 minute videos that are easily digestible while you eat or something. FWIW, I haven’t made …
2019 is precisely 90 years from start of Great Depression. Not a prediction, just an interesting and slightly unnerving fact. Add in wealth gap, record asset prices, record debt etc etc etc. Lot of similarities https://t.co/LOZlb0EthF — Zach Abraham (@KYRRadio) …
via Bob Ryan More than 1,100 economists, including 14 Nobel laureates, urged President Donald Trump to reverse course on recent trade measures. The economists drew comparisons between the current tariff measures under Trump and the Smoot-Hawley Act in 1930. The …
by David Haggith Like the disintegration of the formerly charmed stock market, the return of Carmageddon is right on schedule. I had stated early last year that one of the first cracks in our economy to become evident would be the …
by Phil $134 BILLION! That’s what Jeff Bezos is worth this morning as Amazon (AMZN) crushed earnings last night with $51Bn in sales for Q1, up 43% ($16Bn) from Q1 last year. And Q1 is usually AMZN’s slowest quarter so we’re taking about possibly a …
by Martin Armstrong COMMENT: You are wrong. Trump is the entire reason the country is divided. HR REPLY: I have stated numerous times that this is a global trend. NJow the BBC has taken a world survey on this very question. This …
from Financial Survival Network Jerry Robinson says that America has been dealing with its debt problem in a very creative way: Create more debt to pay down old debt. Sounds like a real recipe for success. How much longer can it go …
“This is now the 2nd longest we’ve gone without a #recession since the Great Depression began in 1929,” h/t @OddStats https://twitter.com/OccupyWisdom/status/988210031463223296 https://twitter.com/OccupyWisdom/status/987326251563212800
WEST VALLEY CITY, Utah — Mitt Romney was forced Saturday into a Republican primary for a U.S. Senate seat in Utah as he looks to restart his political career by replacing long-serving Sen. Orrin Hatch. Romney remains the heavy favorite …
Patriotic Britons afraid to show their national pride in public for fear of ABUSE The results, published in the Express, show a discouraging trend. One in four believe we are living in the least patriotic decade ever. The 1940s were named as the …
via JAMES RICKARDS All financial crises are the same and different at the same time. They are the same when it comes to the dynamics of contagion, illiquidity, bank failures and the high-panic state in which everyone in the world wants …
via Brad DeLong CRISIS, RINSE, REPEAT: Key economic data from the periods following the 1929 stock-market crash and the 2007-2008 financial crisis suggest that the current recovery has been unnecessarily anemic. If policymakers refuse to heed the lessons of the New Deal …
A simple graphic which shows an angle of the false dichotomy of Democrats vs Republicans. The left or the right. https://youtu.be/p-0BPMwgKNA FBI could have stopped the 1993 World Trade Center bombing – – – – – Documentary The Great Conspiracy …
The biggest ever bank theft . Amazing interview with Neil Mitchell who spent million of his own money fighting for the customers who had billions stolen by Royal Bank of Scotland. This bank got billions in tax payer bailouts while …
by Chris This was very good. Worth reading the whole thing if you ahve the time: The Warm War: Russiamania at the Boiling Point Is it war yet? Yes, in too many respects. It’s a relentless economic, diplomatic, and ideological …
By Lisa Reisman, Tom Chatham, Mark Kolakowski and Michael Snyder Most people simply don’t understand the gravity of the situation. Nothing was ever fixed after the last financial crisis. Instead, we went on the greatest debt binge that humanity has ever seen, …
This article was written by Tom Chatham and originally published at Project Chesapeake Numerous economists and investors are warning of another great financial crisis to come but few people want to listen to them. No crisis is ever exactly like the …
by John Rubino It’s easy to get lost in the shadows of the looming financial crisis (and the geopolitical one), and to assume that the entire world is going to hell in a 140mph Tesla. Our money is definitely going …
