The Bigger the Bubble the Greater the Bust

It is becoming clearer by the day that the feds' efforts aren't really working. They can give money to their friends in the banking industry. They can give money to speculators who then make bets on the stock...

The Status of the U.S. Economy

Once upon a time earnings were a reliable performance measure to judge a company’s financial health, whether being good or poor. It helped to make proper business decisions.If the company was making money, it was...

Why Capitalism Fails: Hyman Minsky- Economist of Instability

Hyman Minsky was a rather obscure economist who had the contrarian position that capitalism was inherently unstable. Until recent events proved him to be a Wise Man, he remained overlooked. His successful...

The World has too much of everything

Despite the urging of governments, Americans and Europeans cannot be expected to take on more debt in order to continue consuming more stuff from China. Nor can the Chinese reasonably expect to work themselves out...

Obama’s Car Business:

Two auto-parts suppliers and an auto manufacturer have already filed under Chapter 11. GM is expected to do so tomorrow on the 1st of June.Very dreadful for GM, because it was established in 1916 and if it had been...

Money Is Not All

It is possible for a coloured man to be elected President of the US. But not all things are possible. So it still isn’t possible to get rich by spending money. Nor is it possible to save people from too much debt...

Bubble Economy

The last quarter century the economic model created more mistakes than miracles. It encouraged people to spend, borrow, and speculate. And each time Mr. Market made a correction, the authorities came along with...