"Crude oil will hit $150 a barrel" this is a very realistic prediction for 2010. For many years some experts have predicted the point when oil produced from existing wells is decreasing faster than new fields are...
Just like G.W. Bush used 9/11 as a springboard for his defence initiatives, Obama’s administration is using a nasty economy as an excuse to move Americans one mandate away from socialism.And to be clear, this is...
What is left of the value of a One Dollar bill? • Never has there been such a globally important currency as the US Dollar with so much political and financial manipulation. The question arises...
"A question that many people continue to search for is how to create wealth. Well wouldn’t it be nice if there were some easy method for creating wealth and passive income streams. But realistically there isn’t...
Like gold, U.S. dollars have value only to the extent that they are strictly limited in supply. But the U.S. government has a technology called a printing press that allows it to produce as many U.S. dollars as it...
The perception that a recovery through financial stimuli creates a multiplying effect for growth, from which the government easily can exit, is false.The common idea that almost everyone believes is that government...
Stocks are going up, to be hit hard when people realize that the recovery is a fraud. When will that happen? This is not known. But another big wave of foreclosures could set this off."The Second Wave Begins." is...
If the consumer credit party is over, is it possible for businesses to grow, and prosper? Not now, when consumers stop consuming, the economy stop growing.If consumers don't borrow, the consumer economy won't...
Rewards are given in recognition of service effort or achievement as a fair return for good or bad behaviour.When Barack Obama the Nobel Peace Prize was awarded I participated in a discussion to analyze other...
Stocks bounce. Bonds bounce. An economy that bounces following the Japanese experience, with a long, slow on-again/off-again period of depression to expecting some quarters of growth, followed by quarters of...
The unemployment rate in the US rose to 10.2% in October, which was its highest rate since April 1983, according to figures from the US Labor Department. It rose from September's figure of 9.8%. The economy lost...
Deflation occurs when prices are declining over time. This is the opposite of inflation; thus when the inflation rate is negative, the economy is in a deflationary period.A decline in general price levels, often...
The government released GDP figures showing rosy 3.5% growth in the third quarter. But don’t be fooled: the books were cooked. This time by the cash for clunkers boondoggle, the first time homebuyers tax credit,...
Hugh Askew wrote me a message with a request to write something sensible to the story published in the Financial Time from yesterday. “China is heading for a Japan-style bubble”“If China continues to...
Roy C. sent me the following message: “Roubini's bad news. Could you translate some of the harder stuff into something comprehensible?”Lets try to make it better understandable:The United States is up to its...