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# Economic Prism

Economic Prism Articles | Insights on Gold, Stocks, Inflation & FOMC

## Sitemaps

- [XML Sitemap](https://economicprism.com/sitemap.xml): Contains all public & indexable URLs for this website.

## Posts

- [Are You Unknowingly in the Impact Zone?](https://economicprism.com/are-you-unknowingly-in-the-impact-zone/)
- [Time to Get Real About Artificial Intelligence](https://economicprism.com/time-to-get-real-about-artificial-intelligence/)
- [Why the Housing Affordability Crisis Could Last Another Decade](https://economicprism.com/why-the-housing-affordability-crisis-could-last-another-decade/)
- [Why Sam Altman's Wild Claims Are Empty Hype](https://economicprism.com/why-sam-altmans-wild-claims-are-empty-hype/)
- [Adapting to Higher Yields](https://economicprism.com/adapting-to-higher-yields/)
- [Misogynist Monsoons](https://economicprism.com/misogynist-monsoons/)
- [The Amsterdam of AI](https://economicprism.com/the-amsterdam-of-ai/)
- [How Demographics are Driving America’s Long-Term Fiscal Illness](https://economicprism.com/how-demographics-are-driving-americas-long-term-fiscal-illness/)
- [Why the Era of Cheap Money is Dead](https://economicprism.com/why-the-era-of-cheap-money-is-dead/)
- [Sparklers and Sorrow](https://economicprism.com/sparklers-and-sorrow/)
- [Banking On Magic](https://economicprism.com/banking-on-magic/)
- [California's Self-Inflicted Squeeze](https://economicprism.com/californias-self-inflicted-squeeze/)
- [From Pharaohs to the Fed](https://economicprism.com/from-pharaohs-to-the-fed/)
- [The Brutal Truth About the Upcoming Stagflationary Simmer](https://economicprism.com/the-brutal-truth-about-the-upcoming-stagflationary-simmer/)
- [How Washington is Silently Tokenizing Your Bank Account](https://economicprism.com/how-washington-is-silently-tokenizing-your-bank-account/)
- [State Sponsored Suicide](https://economicprism.com/state-sponsored-suicide/)
- [The Rapper and the Rolling Stone](https://economicprism.com/the-rapper-and-the-rolling-stone/)
- [The Great American Squeeze of 2026](https://economicprism.com/the-great-american-squeeze-of-2026/)
- [Big Discounts Await](https://economicprism.com/big-discounts-await/)
- [Liquidity At Any Cost](https://economicprism.com/liquidity-at-any-cost/)
- [Barbarians Inside the Gate](https://economicprism.com/barbarians-inside-the-gate/)
- [Priced for Perfection in an Imperfect World](https://economicprism.com/priced-for-perfection-in-an-imperfect-world/)
- [The Digital Noose Tightens](https://economicprism.com/the-digital-noose-tightens/)
- [The Big Money Mirage](https://economicprism.com/the-big-money-mirage/)
- [Is Everything Contained in the Private Credit Market?](https://economicprism.com/is-everything-contained-in-the-private-credit-market/)
- [Living Internationally](https://economicprism.com/living-internationally/)
- [Jar Farming for Dummies](https://economicprism.com/jar-farming-for-dummies/)
- [The Tale of Mr. Scrap Metal](https://economicprism.com/the-tale-of-mr-scrap-metal/)
- [Why Gold Is Dipping While the Market Panics for Cash](https://economicprism.com/why-gold-is-dipping-while-the-market-panics-for-cash/)
- [Running On Empty](https://economicprism.com/running-on-empty/)
- [The Suffocating Fog of AI Generated Warfare](https://economicprism.com/the-suffocating-fog-of-ai-generated-warfare/)
- [The Dutch Blueprint for the Global Middle Class Heist](https://economicprism.com/the-dutch-blueprint-for-the-global-middle-class-heist/)
- [Grinding the American Middle Class to Dust](https://economicprism.com/grinding-the-american-middle-class-to-dust/)
- [California and The Art of Economic Suicide](https://economicprism.com/california-and-the-art-of-economic-suicide/)
- [How to Trade the Warsh Doctrine](https://economicprism.com/how-to-trade-the-warsh-doctrine/)
- [Ghosts of the Plaza Accord](https://economicprism.com/ghosts-of-the-plaza-accord/)
- [Meltdown in the Alps](https://economicprism.com/meltdown-in-the-alps/)
- [Countdown to May Madness](https://economicprism.com/countdown-to-may-madness/)
- [Seizing the Orinoco](https://economicprism.com/seizing-the-orinoco/)
- [Outlook 2026: Chaos and Control](https://economicprism.com/outlook-2026-chaos-and-control/)
- [The Most Freedom in the World](https://economicprism.com/the-most-freedom-in-the-world/)
- [Why Market Fundamentals Always Win in the End](https://economicprism.com/why-market-fundamentals-always-win-in-the-end/)
- [From Inflation to Implosion](https://economicprism.com/from-inflation-to-implosion/)
- [The Great Digital Dollar Switcheroo](https://economicprism.com/the-great-digital-dollar-switcheroo/)
- [Spoon-Fed Labor](https://economicprism.com/spoon-fed-labor/)
- [Is the End of QT a Green Light for an Asset Rally?](https://economicprism.com/is-the-end-of-qt-a-green-light-for-an-asset-rally/)
- [Where Will All the Cubicle Dwellers Go?](https://economicprism.com/where-will-all-the-cubicle-dwellers-go/)
- [The Irresistible Promise of Free Money](https://economicprism.com/the-irresistible-promise-of-free-money/)
- [How to Use Game Theory to Protect Your Wealth](https://economicprism.com/how-to-use-game-theory-to-protect-your-wealth/)
- [Off the Beaten Path in Mesoamerica](https://economicprism.com/off-the-beaten-path-in-mesoamerica/) - There’s an endearing quality to a steadfast rooster call at the crack of dawn when overheard from a warm country farmhouse. There’s a reassuring charm that comes with the committed gallinaceous greeting of daybreak that’s particularly suited to a rural ambiance. The allure of a morning cock-a-doodle-doo somehow falls flat in all other settings.
- [Chainsaw First](https://economicprism.com/chainsaw-first/)
- [Waiting for a Punchline that Never Comes](https://economicprism.com/waiting-for-a-punchline-that-never-comes/)
- [Laptop Class on Notice](https://economicprism.com/laptop-class-on-notice/)
- [Dollar Debasement as Permanent Policy](https://economicprism.com/dollar-debasement-as-permanent-policy/)
- [The Great Gold Fever of the 2020s](https://economicprism.com/the-great-gold-fever-of-the-2020s/)
- [Big Brother is Watching](https://economicprism.com/big-brother-is-watching/)
- [The Inevitable Collapse of the Bloated State](https://economicprism.com/the-inevitable-collapse-of-the-bloated-state/)
- [Keep Your Eyes on the Road](https://economicprism.com/keep-your-eyes-on-the-road/)
- [Where's the Beef?](https://economicprism.com/wheres-the-beef/)
- [On Black Swans and White Lies](https://economicprism.com/on-black-swans-and-white-lies/)
- [The Unvirtuous Cycle of Rate Cuts](https://economicprism.com/the-unvirtuous-cycle-of-rate-cuts/)
- [Invasive Species](https://economicprism.com/invasive-species/)
- [Boondoggle Democracy for the Elites](https://economicprism.com/boondoggle-democracy-for-the-elites/)
- [How a Government Shutdown Can Restore American Independence](https://economicprism.com/how-a-government-shutdown-can-restore-american-independence/)
- [Here Comes the September Swoon](https://economicprism.com/here-comes-the-september-swoon/)
- [What a Bull-Runner Can Teach Us About the AI Bubble](https://economicprism.com/what-a-bull-runner-can-teach-us-about-the-ai-bubble/)
- [What a Bull-Runner Can Teach Us About the AI Bubble](https://economicprism.com/what-a-bull-runner-can-teach-us-about-the-ai-bubble/)
- [What a Bull-Runner Can Teach Us About the AI Bubble](https://economicprism.com/what-a-bull-runner-can-teach-us-about-the-ai-bubble/)
- [What a Bull-Runner Can Teach Us About the AI Bubble](https://economicprism.com/what-a-bull-runner-can-teach-us-about-the-ai-bubble/)
- [A World Of Fiat](https://economicprism.com/a-world-of-fiat/)
- [How Fed Dependence on Bogus Data Invites Disaster](https://economicprism.com/how-fed-dependence-on-bogus-data-invites-disaster/)
- [Powell Holds the Line](https://economicprism.com/powell-holds-the-line/)
- [Stargate’s AI Dreams Meet Reality](https://economicprism.com/stargates-ai-dreams-meet-reality/)
- [Capitalism: The Enemy of Poverty](https://economicprism.com/capitalism-the-enemy-of-poverty/)
- [Fire the Fed, Raise Tariffs, and Hope for the Best](https://economicprism.com/fire-the-fed-raise-tariffs-and-hope-for-the-best/)
- [How Passive Investing Is Inflating a Dangerous Bubble](https://economicprism.com/how-passive-investing-is-inflating-a-dangerous-bubble/)
- [By the Dawn's Early Light](https://economicprism.com/by-the-dawns-early-light/)
- [How to Make a Government Disappear Completely](https://economicprism.com/how-to-make-a-government-disappear-completely/)
- [Be Careful What You Wish For](https://economicprism.com/be-careful-what-you-wish-for/)
- [LALA Land is Coming to a Town Near You](https://economicprism.com/lala-land-is-coming-to-a-town-near-you/)
- [The CAPE Crusader Unveils a Bubble](https://economicprism.com/the-cape-crusader-unveils-a-bubble/)
- [The DogeFather in Exile](https://economicprism.com/the-dogefather-in-exile/)
- [Going Full OBBBA](https://economicprism.com/going-full-obbba/)
- [Warming Up the Printing Presses](https://economicprism.com/warming-up-the-printing-presses/)
- [From Strategic Retreat to Full Retreat](https://economicprism.com/from-strategic-retreat-to-full-retreat/)
- [Suffering the Fed's Mistakes](https://economicprism.com/suffering-the-feds-mistakes/)
- [Triggering the Dollar's Fateful Demise](https://economicprism.com/triggering-the-dollars-fateful-demise/)
- [Make Depressions Great Again](https://economicprism.com/make-depressions-great-again/)
- [Trumpism and the Fading Dollar](https://economicprism.com/trumpism-and-the-fading-dollar/)
- [Trump Plays with Fire](https://economicprism.com/trump-plays-with-fire/)
- [When Bank of Mom and Dad Goes Broke](https://economicprism.com/when-bank-of-mom-and-dad-goes-broke/)
- [Trump Tariffs Gone Wild](https://economicprism.com/trump-tariffs-gone-wild/)
- [Trump's MAGA Policies of Wealth Destruction](https://economicprism.com/trumps-maga-policies-of-wealth-destruction/)
- [Truth Shall Prevail](https://economicprism.com/truth-shall-prevail/)
- [Social Insecurity and the Fate of All Ponzi Schemes](https://economicprism.com/social-insecurity-and-the-fate-of-all-ponzi-schemes/)
- [Federal Workers Sing the Blues](https://economicprism.com/federal-workers-sing-the-blues/)
- [Death of the Penny and What this Means for Gold](https://economicprism.com/death-of-the-penny-and-what-this-means-for-gold/)
- [How To Cash In On Golden Lottery Tickets](https://economicprism.com/how-to-cash-in-on-golden-lottery-tickets/)
- [Breaking the Deep State](https://economicprism.com/breaking-the-deep-state/)
- [Silent But Deadly](https://economicprism.com/silent-but-deadly/)
- [Milei Returns to Davos](https://economicprism.com/milei-returns-to-davos/)
- [Bessent Enters the Meat Grinder](https://economicprism.com/bessent-enters-the-meat-grinder/)
- [Rational Despair](https://economicprism.com/rational-despair/)
- [Let's Get Real About DOGE](https://economicprism.com/lets-get-real-about-doge/)
- [Expect the Unexpected in 2025](https://economicprism.com/expect-the-unexpected-in-2025/)
- [How the Fed Chokes the Economy](https://economicprism.com/how-the-fed-chokes-the-economy/)
- [13 Reckonings for America](https://economicprism.com/13-reckonings-for-america/)
- [Are You Unknowingly on a Suicide Mission?](https://economicprism.com/are-you-unknowingly-on-a-suicide-mission/)
- [The Zealous Pursuit of Retail Therapy](https://economicprism.com/the-zealous-pursuit-of-retail-therapy/)
- [The Choice](https://economicprism.com/the-choice/)
- [How The Trade War Ends](https://economicprism.com/how-the-trade-war-ends/)
- [The Road to America's Golden Age](https://economicprism.com/the-road-to-americas-golden-age/)
- [Inflation and Chaos](https://economicprism.com/inflation-and-chaos/)
- [Dumb Reasons Why More QE Is Coming](https://economicprism.com/dumb-reasons-why-more-qe-is-coming/)
- [Whip Inflation Never](https://economicprism.com/whip-inflation-never/)
- [Mistakes from the Past](https://economicprism.com/mistakes-from-the-past/)
- [The Ghost of Harry Bridges](https://economicprism.com/the-ghost-of-harry-bridges/)
- [China is Winning the EV War](https://economicprism.com/china-is-winning-the-ev-war/)
- [Let the Games Begin!](https://economicprism.com/let-the-games-begin/)
- [What Would Hugo Do?](https://economicprism.com/what-would-hugo-do/)
- [Reality Check September 2024](https://economicprism.com/reality-check-september-2024/)
- [Votes for Handouts](https://economicprism.com/votes-for-handouts/)
- [Harris Wants Your Retirement Account](https://economicprism.com/harris-wants-your-retirement-account/)
- [Hard Landing Ahead](https://economicprism.com/hard-landing-ahead/)
- [How to Catch a Falling Knife](https://economicprism.com/how-to-catch-a-falling-knife/)
- [Dollar Debasement Ad Infinitum](https://economicprism.com/dollar-debasement-ad-infinitum/)
- [Why Radical Spending Cuts Are Needed](https://economicprism.com/why-radical-spending-cuts-are-needed/)
- [Something to Crow About](https://economicprism.com/something-to-crow-about/)
- [Fed to End Inflation Fight Before Job is Done](https://economicprism.com/fed-to-end-inflation-fight-before-job-is-done/)
- [Red, White, and Blue](https://economicprism.com/red-white-and-blue/)
- [Crisis in the Making](https://economicprism.com/crisis-in-the-making/)
- [Double Nickels on the Dime](https://economicprism.com/double-nickels-on-the-dime/)
- [Fulfill the Dream](https://economicprism.com/fulfill-the-dream/)
- [This Recession Won't Stop It](https://economicprism.com/this-recession-wont-stop-it/)
- [The Fed's Harrowing Search for Ample Reserves](https://economicprism.com/the-feds-harrowing-search-for-ample-reserves/)
- [Happy Motoring in the Time of Biden](https://economicprism.com/happy-motoring-in-the-time-of-biden/)
- [This Inflation Script Won't Last](https://economicprism.com/this-inflation-script-wont-last/)
- [What You Must Know About Interest Rates](https://economicprism.com/what-you-must-know-about-interest-rates/)
- [Policies of Disaster](https://economicprism.com/policies-of-disaster/)
- [Destination TEOTWAWKI](https://economicprism.com/destination-teotwawki/)
- [Have You Bought The BRRR?](https://economicprism.com/have-you-bought-the-brrr/)
- [Dollar Debasement as A Matter of Policy](https://economicprism.com/dollar-debasement-as-a-matter-of-policy/)
- [Why the FOMC Wants to Cut Rates](https://economicprism.com/why-the-fomc-wants-to-cut-rates/)
- [Does Corporate Greed Cause Inflation?](https://economicprism.com/does-corporate-greed-cause-inflation/)
- [Janet Goes to Guangzhou](https://economicprism.com/janet-goes-to-guangzhou/)
- [Gold Is Doing Its Job](https://economicprism.com/gold-is-doing-its-job/)
- [Perpetual Motion Machine Finance](https://economicprism.com/perpetual-motion-machine-finance/)
- [Ghosts of the Alexandria Hotel](https://economicprism.com/ghosts-of-the-alexandria-hotel/)
- [Day of Reckoning](https://economicprism.com/day-of-reckoning/)
- [Wall Street Clustery](https://economicprism.com/wall-street-clustery/)
- [Tang Ping in the Year of the Dragon](https://economicprism.com/tang-ping-in-the-year-of-the-dragon/)
- [Do You Have a Passion for Political Solutions?](https://economicprism.com/do-you-have-a-passion-for-political-solutions/)
- [Fed's QT Taper Talks Are Already Behind The Eight Ball](https://economicprism.com/feds-qt-taper-talks-are-already-behind-the-eight-ball/)
- [The Rapid Closure of America's Technological Power Gap](https://economicprism.com/the-rapid-closure-of-americas-technological-power-gap/)
- [Yellen's Bald-Faced Lies](https://economicprism.com/yellens-bald-faced-lies/) - Did you see the recent government propaganda from the U.S. Bureau of Labor Statistics? Not the latest faulty claim that consumer prices increased at an annual rate of just 3.4 percent in December. But rather the claim that 216,000 jobs were added in December. Did you see the recent government propaganda from the U.S. Bureau of Labor Statistics? Not the latest faulty claim that consumer prices increased at an annual rate of just 3.4 percent in December. But rather the claim that 216,000 jobs were added in December. Upon release, and right on cue, Treasury Secretary Janet Yellen declared
- [Facing Up to the Wreckage from the Past](https://economicprism.com/facing-up-to-the-wreckage-from-the-past/)
- [How to Outperform the Stock Market in 2024](https://economicprism.com/how-to-outperform-the-stock-market-in-2024/)
- [How Bankers are Exploiting the Fed's BTFP at Your Expense](https://economicprism.com/how-bankers-are-exploiting-the-feds-btfp-at-your-expense/)
- [California Circles the Toilet Bowl](https://economicprism.com/california-circles-the-toilet-bowl/)
- [The Hollow Returns of Government Intervention](https://economicprism.com/the-hollow-returns-of-government-intervention/)
- [Has Social Security Run Out of Suckers?](https://economicprism.com/has-social-security-run-out-of-suckers/)
- [Just Another American Story](https://economicprism.com/just-another-american-story/)
- [The Swamp Walker Delight](https://economicprism.com/the-swamp-walker-delight/)
- [The War and Peace of Secular Market Cycles](https://economicprism.com/the-war-and-peace-of-secular-market-cycles/)
- [Once Upon a Time in Flagstaff](https://economicprism.com/once-upon-a-time-in-flagstaff/)
- [Death to Savers](https://economicprism.com/death-to-savers/)
- [Everything's Spooktacular](https://economicprism.com/everythings-spooktacular/)
- [How the Dianne Feinstein Effect Wrecked the Future](https://economicprism.com/how-the-dianne-feinstein-effect-wrecked-the-future/)
- [Coming Down from Cloud Cuckoo Land](https://economicprism.com/coming-down-from-cloud-cuckoo-land/)
- [Where Did Neel Kashkari's Infinite Cash Go?](https://economicprism.com/where-did-neel-kashkaris-infinite-cash-go/)
- [Flying on a Wing and a Prayer](https://economicprism.com/flying-on-a-wing-and-a-prayer/)
- [ARMed and Dangerous at the U.S. Treasury](https://economicprism.com/armed-and-dangerous-at-the-u-s-treasury/)
- [The Art of the Lose-Lose Deal](https://economicprism.com/the-art-of-the-lose-lose-deal/)
- [Taking Scalps](https://economicprism.com/taking-scalps/)
- [Debt and Destruction](https://economicprism.com/debt-and-destruction/)
- [An Urgent Appeal for Duane "The Master of Disaster" Peters](https://economicprism.com/an-urgent-appeal-for-duane-the-master-of-disaster-peters/)
- [Tasting the Forbidden Fruit](https://economicprism.com/tasting-the-forbidden-fruit/)
- [Lies, Witch Hunts, and America’s Next Rendezvous with Madness](https://economicprism.com/lies-witch-hunts-and-americas-next-rendezvous-with-madness/)
- [How the Fed Retarded the Residential Real Estate Market](https://economicprism.com/how-the-fed-retarded-the-residential-real-estate-market/)
- [How Washington Ruined America's Future](https://economicprism.com/how-washington-ruined-americas-future/)
- [Are You Willing to Starve for the Greater Good?](https://economicprism.com/are-you-willing-to-starve-for-the-greater-good/)
- [Welcome to the Era of Targeted Bailouts](https://economicprism.com/welcome-to-the-era-of-targeted-bailouts/)
- [Are You Gambling with Your Retirement Account?](https://economicprism.com/are-you-gambling-with-your-retirement-account/)
- [Washington's Bias for Continuous Inflationism](https://economicprism.com/washingtons-bias-for-continuous-inflationism/)
- [On the Importance of Deflation and Depressions](https://economicprism.com/on-the-importance-of-deflation-and-depressions/)
- [How to Face Risk in an Uncertain World](https://economicprism.com/how-to-face-risk-in-an-uncertain-world/)
- [How Corruption Makes You Poor](https://economicprism.com/how-corruption-makes-you-poor/)
- [Circa: Now!](https://economicprism.com/circa-now/)
- [What Will People Do?](https://economicprism.com/what-will-people-do/)
- [What the End of Fed Rate Hikes Means for Stocks](https://economicprism.com/what-the-end-of-fed-rate-hikes-means-for-stocks/)
- [What Brookfield's Default Has to Do with You](https://economicprism.com/what-brookfields-default-has-to-do-with-you/)
- [The Creative Process of Government Destruction](https://economicprism.com/the-creative-process-of-government-destruction/)
- [Bondage Is Cruel](https://economicprism.com/bondage-is-cruel/)
- [Is the Bank Crisis Already Over?](https://economicprism.com/is-the-bank-crisis-already-over/)
- [Will You Play It Fast And Loose?](https://economicprism.com/will-you-play-it-fast-and-loose/)
- [Occupy Wall Street Redux](https://economicprism.com/occupy-wall-street-redux/)
- [What Comes After the Great Liquidation](https://economicprism.com/what-comes-after-the-great-liquidation/)
- [Cross Road Blues in the Time of Biden](https://economicprism.com/cross-road-blues-in-the-time-of-biden/)
- [Fear and Greed with a Roll of the Dice](https://economicprism.com/fear-and-greed-with-a-roll-of-the-dice/)
- [Do Techno Posers Have the Skills to Pay the Bills?](https://economicprism.com/do-techno-posers-have-the-skills-to-pay-the-bills/)
- [Living the Lie](https://economicprism.com/living-the-lie/)
- [Mission Accomplished?](https://economicprism.com/mission-accomplished/)
- [Are You the Collateral Damage of Central Planners?](https://economicprism.com/are-you-the-collateral-damage-of-central-planners/)
- [Debt Ceilings are for Idiots](https://economicprism.com/debt-ceilings-are-for-idiots/)
- [Will You Beat Uncle Sam's Relentless Pursuit of Your Wealth?](https://economicprism.com/will-you-beat-uncle-sams-relentless-pursuit-of-your-wealth/)
- [Are You Prepared for a Hard Landing?](https://economicprism.com/are-you-prepared-for-a-hard-landing/)
- [One Great Big Nasty Prediction for 2023](https://economicprism.com/one-great-big-nasty-prediction-for-2023/)
- [Your Government Hates You](https://economicprism.com/your-government-hates-you/)
- [The Do-Re-Mi of Treasury Notes](https://economicprism.com/the-do-re-mi-of-treasury-notes/)
- [Have You Ever Raided Your Retirement Account?](https://economicprism.com/have-you-ever-raided-your-retirement-account/)
- [Will Your State Reject the Fed’s Digital Dollar?](https://economicprism.com/will-your-state-reject-the-feds-digital-dollar/)
- [Gold Shines Bright](https://economicprism.com/gold-shines-bright/)
- [Opendoor: Buy the Ticket, Take the Ride](https://economicprism.com/opendoor-buy-the-ticket-take-the-ride/)
- [Death to Zombies](https://economicprism.com/death-to-zombies/)
- [Are You Ready for the Coming U.S. Government Default?](https://economicprism.com/are-you-ready-for-the-coming-u-s-government-default/)
- [The Sordid Politics of Inflation](https://economicprism.com/the-sordid-politics-of-inflation/)
- [Operation Break Stuff](https://economicprism.com/operation-break-stuff/)
- [The Backstory on Our California Exodus](https://economicprism.com/the-backstory-on-our-california-exodus/)
- [Debt Markets Get Trampled](https://economicprism.com/debt-markets-get-trampled/)
- [Who Else Bought BlackRock’s LDI Swindle Products?](https://economicprism.com/who-else-bought-blackrocks-ldi-swindle-products/)
- [Why Bonds Are Behaving Like Risky Assets](https://economicprism.com/why-bonds-are-behaving-like-risky-assets/)
- [Facing Down a Wrath of Biblical Proportions](https://economicprism.com/facing-down-a-wrath-of-biblical-proportions/)
- [Central Planners of the World, Unite!](https://economicprism.com/central-planners-of-the-world-unite/)
- [The Politics of Control and Economic Oblivion](https://economicprism.com/the-politics-of-control-and-economic-oblivion/)
- [Have We Entered the New Dark Ages?](https://economicprism.com/have-we-entered-the-new-dark-ages/)
- [Is the IRS Coming for You?](https://economicprism.com/is-the-irs-coming-for-you/)
- [Why Labor Productivity Has Collapsed](https://economicprism.com/why-labor-productivity-has-collapsed/)
- [What Happens When Work Doesn't Pay](https://economicprism.com/what-happens-when-work-doesnt-pay/)
- [Paying the Price for Krugman's Terrible Mistake](https://economicprism.com/paying-the-price-for-krugmans-terrible-mistake/)
- [How Central Planners Sow Seeds of Economic Ruin](https://economicprism.com/how-central-planners-sow-seeds-of-economic-ruin/)
- [Modern Monetary Theory Bites the Dust](https://economicprism.com/modern-monetary-theory-bites-the-dust/)
- [Does the American State Deserve Collapse?](https://economicprism.com/does-the-american-state-deserve-collapse/)
- [How Public Pensions Turn Cities into Unlivable Hellholes](https://economicprism.com/how-public-pensions-turn-cities-into-unlivable-hellholes/)
- [The Decline and Fall of a High Finance Wizard](https://economicprism.com/the-decline-and-fall-of-a-high-finance-wizard/)
- [Burn, Baby, Burn!](https://economicprism.com/burn-baby-burn/)
- [How Inflation Got Away from Washington Screw Ups](https://economicprism.com/how-inflation-got-away-from-washington-screw-ups/)
- [How Quantitative Tightening Ends](https://economicprism.com/how-quantitative-tightening-ends/)
- [Countdown To World Famine](https://economicprism.com/countdown-to-world-famine/)
- [What's Up With Gold?](https://economicprism.com/whats-up-with-gold/)
- [Finding Opportunities in a Bear Market](https://economicprism.com/finding-opportunities-in-a-bear-market/)
- [Settling Wreckage from the Past](https://economicprism.com/settling-wreckage-from-the-past/)
- [The Ugly Transformation of Netflix](https://economicprism.com/the-ugly-transformation-of-netflix/)
- [Feeding LA's Homeless Industrial Complex](https://economicprism.com/feeding-las-homeless-industrial-complex/)
- [Is It Game Over For Washington Checkers Players?](https://economicprism.com/is-it-game-over-for-washington-checkers-players/)
- [Why the Digital Dollar will Destroy Free Speech](https://economicprism.com/why-the-digital-dollar-will-destroy-free-speech/)
- [Countdown to U.S. Government Default](https://economicprism.com/countdown-to-u-s-government-default/)
- [Welcome to the Death Zone](https://economicprism.com/welcome-to-the-death-zone/)
- [What is the Strike Price of the Powell Put?](https://economicprism.com/what-is-the-strike-price-of-the-powell-put/)
- [Is Your Wealth Durable?](https://economicprism.com/is-your-wealth-durable/)
- [Powell's Pivot to Nowhere](https://economicprism.com/powells-pivot-to-nowhere/)
- [Would Putin Have Attacked if Oil was $50 per Barrel?](https://economicprism.com/would-putin-have-attacked-if-oil-was-50-per-barrel/)
- [How to Reconcile Numbers that Don't Pencil Out](https://economicprism.com/how-to-reconcile-numbers-that-dont-pencil-out/)
- [Blowups and an Epic Mega-Catastrophe are Coming](https://economicprism.com/blowups-and-an-epic-mega-catastrophe-are-coming/)
- [Are You Prepared for $200 per Barrel Oil?](https://economicprism.com/are-you-prepared-for-200-per-barrel-oil/)
- [Los Angeles Tackles Zombies Ahead of Super Bowl](https://economicprism.com/los-angeles-tackles-zombies-ahead-of-super-bowl/)
- [The Greatest Crackup the World's Ever Known](https://economicprism.com/the-greatest-crackup-the-worlds-ever-known/)
- [How Central Planners Corrupted the World](https://economicprism.com/how-central-planners-corrupted-the-world/)
- [This Time It's Different](https://economicprism.com/this-time-its-different/)
- [How to Survive the Mega Collapse of 2022](https://economicprism.com/how-to-survive-the-mega-collapse-of-2022/)
- [Fake Vaccines...and their Unintended Consequences](https://economicprism.com/fake-vaccines-and-their-unintended-consequences/)
- [The Solution to Inflation](https://economicprism.com/the-solution-to-inflation/)
- [The Joy of Stealing](https://economicprism.com/the-joy-of-stealing/)
- [The Upshots of the New Housing Bubble Fiasco](https://economicprism.com/the-upshots-of-the-new-housing-bubble-fiasco/)
- [Hey, St. Louis Fed!... Go Tofurkey Yourself!](https://economicprism.com/hey-st-louis-fed-go-tofurkey-yourself/)
- [Pre-2020 Prices are Gone Forever](https://economicprism.com/pre-2020-prices-are-gone-forever/)
- [Are You Vulnerable to Physical Violence?](https://economicprism.com/are-you-vulnerable-to-physical-violence/)
- [Bidenvilles for Christmas](https://economicprism.com/bidenvilles-for-christmas/)
- [Walking the Path of Self Destruction](https://economicprism.com/walking-the-path-of-self-destruction/)
- [Are You Prepared for the Mass Repricing of Goods and Services?](https://economicprism.com/are-you-prepared-for-the-mass-repricing-of-goods-and-services/)
- [How to Fight the Investment Enemies Now Mobilizing](https://economicprism.com/how-to-fight-the-investment-enemies-now-mobilizing/)
- [Winnie the Pooh’s Adventures In Fairyland](https://economicprism.com/winnie-the-poohs-adventures-in-fairyland/)
- [President Biden’s New Plan to Tackle Rising Food Prices](https://economicprism.com/president-bidens-new-plan-to-tackle-rising-food-prices/)
- [Pipe Dream Economics](https://economicprism.com/pipe-dream-economics/)
- [Central Bank Visions of Absolute Control](https://economicprism.com/central-bank-visions-of-absolute-control/)
- [The Great Computer Chip Shortage of 2021 is Just Heating Up](https://economicprism.com/the-great-computer-chip-shortage-of-2021-is-just-heating-up/)
- [Don't Take Me for Granted](https://economicprism.com/dont-take-me-for-granted/)
- [“Where is the Outlook Most Miserable?”](https://economicprism.com/where-is-the-outlook-most-miserable/)
- [Why Big Government Statists Despise Gold](https://economicprism.com/why-big-government-statists-despise-gold/)
- [Why Grubby Politicians like Joe Biden No Longer Get All the Breaks](https://economicprism.com/why-grubby-politicians-like-joe-biden-no-longer-get-all-the-breaks/)
- [One Lockdown from Disaster](https://economicprism.com/one-lockdown-from-disaster/)
- [Life and Death in the Age of Fear](https://economicprism.com/life-and-death-in-the-age-of-fear/)
- [What Happens When the Chickens Come Home to Roost?](https://economicprism.com/what-happens-when-the-chickens-come-home-to-roost/)
- [Is the Great Post-Pandemic Boom a Great Big Dud?](https://economicprism.com/is-the-great-post-pandemic-boom-a-great-big-dud/)
- [Independence Day in America Circa 2021](https://economicprism.com/independence-day-in-america-circa-2021/)
- [Do You Hear the Bells Ringing?](https://economicprism.com/do-you-hear-the-bells-ringing/)
- [How to Buffer the Fallout from America’s Third World Death Spiral](https://economicprism.com/how-to-buffer-the-fallout-from-americas-third-world-death-spiral/)
- [Will Larry Summers Save the World Again?](https://economicprism.com/will-larry-summers-save-the-world-again/)
- [Why Consumer Price Inflation Is Here To Stay](https://economicprism.com/why-consumer-price-inflation-is-here-to-stay/)
- [Welcome to Walley World!](https://economicprism.com/welcome-to-walley-world/)
- [Financial Repression 101](https://economicprism.com/financial-repression-101/)
- [Karl Marx’s Road to Hell is Paved with Fake Money](https://economicprism.com/karl-marxs-road-to-hell-is-paved-with-fake-money/)
- [The Fed's Two Disagreeable Choices](https://economicprism.com/the-feds-two-disagreeable-choices/)
- [Dr. Copper is Talking, Are You Listening?](https://economicprism.com/dr-copper-is-talking-are-you-listening/)
- [Biden’s Global Climate Summit Kicks Off Full-Tilt Wealth Redistribution](https://economicprism.com/bidens-global-climate-summit-kicks-off-full-tilt-wealth-redistribution/)
- [The Ugly Truth About Printing Press Money](https://economicprism.com/the-ugly-truth-about-printing-press-money/) - After asset price inflation and wild gambling and speculation comes consumer price inflation…the real wealth destroyer. This is the ugly truth about printing press money. The ugly truth Fed Chair Powell and Treasury Secretary Yellen will never share as they champion the virtues of their policies of mass inflation.
- [Journey To The End Of San Pedro Bay](https://economicprism.com/journey-to-the-end-of-san-pedro-bay/)
- [Coming to America: LA Metro’s Model of Extreme Capital Consumption](https://economicprism.com/coming-to-america-la-metros-model-of-extreme-capital-consumption/)
- [There’s a Serious Flaw to the Team Powell-Yellen Inflation Scheme](https://economicprism.com/theres-a-serious-flaw-to-the-team-powell-yellen-inflation-scheme/)
- [The Great Donkification](https://economicprism.com/the-great-donkification/)
- [Fifty Basis Points To Disaster](https://economicprism.com/fifty-basis-points-to-disaster/)
- [Betting The Farm On Moonshots](https://economicprism.com/betting-the-farm-on-moonshots/)
- [Jerome von Havenstein: Inflation Or Bust](https://economicprism.com/jerome-von-havenstein-inflation-or-bust/)
- [The Great Egghead Caper](https://economicprism.com/the-great-egghead-caper/)
- [By Big Government For Big Government](https://economicprism.com/by-big-government-for-big-government/)
- [Did You Make Janet Yellen Rich?](https://economicprism.com/did-you-make-janet-yellen-rich/)
- [Has Joe Biden Lost His Mind?](https://economicprism.com/has-joe-biden-lost-his-mind/)
- [When Boom Turns Into Crack-Up Boom](https://economicprism.com/when-boom-turns-into-crack-up-boom/)
- [Fruits Of Inflation Are Blossoming](https://economicprism.com/fruits-of-inflation-are-blossoming/)
- [Let The Good Times Roll](https://economicprism.com/let-the-good-times-roll/)
- [How to Triumph in 2021 or Die Trying](https://economicprism.com/how-to-triumph-in-2021-or-die-trying/)
- [What To Do When The Planets Diverge](https://economicprism.com/what-to-do-when-the-planets-diverge/)
- [Grantham’s ‘Real McCoy’ Bubble in a World Gone Mad](https://economicprism.com/granthams-real-mccoy-bubble-in-a-world-gone-mad/) - On June 17, billionaire investor and co-founder of the Boston-based money manager GMO, Jeremy Grantham, sounded the alarm. During a CNBC interview with Wilfred Frost, Grantham warned that the U.S. stock market’s rebound amid the coronavirus pandemic is a bubble that will end up hurting many investors.
- [The Viral Assault On Small Businesses](https://economicprism.com/the-viral-assault-on-small-businesses/) - COVID-19 has provided the perfect cover Schwab’s disciples to assault one of America’s remaining expressions of freedom and independence: small businesses. With lockdowns, politicians get to pick and choose what businesses survive and what businesses don’t. They get to decide who’s essential and who isn’t.
- [Janet Yellen: Too Dumb To Stop](https://economicprism.com/janet-yellen-too-dumb-to-stop/) - The United States Secretary of the Treasury bears a shameful job duty. They must place their autograph on the face of the Federal Reserve’s legal tender notes. Here, for the whole world to witness, the Treasury Secretary provides signature endorsement; their personal ratification of unconstitutional money.
- [The Sisyphean Folly of Printing Press Money](https://economicprism.com/the-sisyphean-folly-of-printing-press-money/) - We are living the Sisyphean folly of printing press money. With each passing decade, extreme monetary and fiscal policies distort the economy and financial market in irregular and insane ways. When the lopsided effects become wholly unstable the inevitable crisis arrives.
- [The U.S. Government Will Inflate To The Bitter End](https://economicprism.com/the-u-s-government-will-inflate-to-the-bitter-end/) - Without question, the student debt crisis is a disgrace. There are roughly 45 million student loan borrowers who owe on the order of $1.6 trillion. Most of this debt is from federal student loans.
- [Loathe for the Stimulus Era](https://economicprism.com/loathe-for-the-stimulus-era/) - The days in the northern hemisphere inch shorter. The predawn darkness greets us as we step down our front stoop in the morning. Nightfall welcomes us when we return in the evening. Yet while the days inch shorter. The stock market zigs and zags. One day it’s fear. The next day it’s greed.
- [America's Recline and Flail Goes On](https://economicprism.com/americas-recline-and-flail-goes-on/) - Nothing’s shocking in 2020. Not lockdowns. Not pandemic hysteria. And certainly not election chaos. To the latter, it was expected all along.
- [Countdown To Chaos](https://economicprism.com/countdown-to-chaos/) - ‘Death to America!’ is a hollow mantra. Just what is it that these soft minded brats think they’re shouting death to? The American republic has been dead since at least 1913.
- [Inflationism Has Overturned Society](https://economicprism.com/inflationism-has-overturned-society/) - The debasement of money by governments has been going on for thousands of years. The current corruption of your dollars has been going on since the passing of the Federal Reserve Act in 1913. And it has been going on in earnest since 1971, when Nixon terminated the convertibility of the dollar into gold by foreign governments.
- [Science for Madmen](https://economicprism.com/science-for-madmen/) - These days private eccentricity has been eliminated like the carburetor. In its place, public madness, guided by science, now rules the land. Public policy, no matter how destructive, is forced upon the populous, so long as a scientific expert says so.
- [Davos Hootenanny and Salvation Call](https://economicprism.com/davos-hootenanny-and-salvation-call/) - Despite the reformers endless efforts to encircle mankind, some persist beyond the broad extent of their casted net. In the backwaters of the Republic, for instance, the distant rumble and flicker of Saturday night hootenannies still befall yonder the mighty oak groves. In defiance of all things good and proper, the unconsecrated gather under the pale moonlight and jig step to zydeco washboard rhythms while downing tipples of corn syrup and fermented grain.
- [America Has an Epic Choice](https://economicprism.com/america-has-an-epic-choice/) - America has an epic choice. And it has nothing to do with who will be the next president of the United States. It has nothing to do with if the new stimulus bill is $1.6 trillion or $2.2 trillion.
- ["In America Money Does Grow on Trees"](https://economicprism.com/in-america-money-does-grow-on-trees/) - The U.S. government, and by extension the American people, are fully committed to a program of currency debasement to inflate away the debt problem. They believe executing an implicit default via inflation is the easier and softer way.
- [Maxine Waters Drops the Hammer on Powell and Mnuchin](https://economicprism.com/maxine-waters-drops-the-hammer-on-powell-and-mnuchin/) - This week Federal Reserve Chairman Jay Powell and U.S. Secretary of the Treasury Steven Mnuchin were called upon by the House Financial Services Committee to provide answers. Somehow, their efforts to deliver upon the directive of the CARES Act did not live up to certain expectations. Magic wands were waved. Yet they only made asset holders richer.
- [How to Tackle the Depression Head On](https://economicprism.com/how-to-tackle-the-depression-head-on/) - By and large, the challenges facing the economy have everything to do with central government. Over the last 40 years, as the Fed and the Treasury colluded to rig the financial system in totality, wealth has become ever more concentrated in fewer and fewer insider hands. The effect over the last decade has been a disparity that’s so magnified few can ignore it.
- [California's Real Wildfire](https://economicprism.com/californias-real-wildfire/) - The real fire in California is the wildfire that’s raging at CalPERS. The fire, you see, is a fire of arithmetic. It’s a fire that won’t go away. And it’s a fire that’ll burn the whole state to the ground.
- [How to Turn a Corporate Credit Crisis into a Currency Crisis](https://economicprism.com/how-to-turn-a-corporate-credit-crisis-into-a-currency-crisis/) - The mechanics of persistently falling yields (as yields move inversely to price) over several decades have also acted to inflate a massive bond bubble. The demand for corporate bonds come from a variety of sources. These mainly include foreign investors, investment funds (i.e. mutual funds, ETFs, and closed end funds), life insurance companies, and pension funds.
- [In The Long Run We Are All Alive](https://economicprism.com/in-the-long-run-we-are-all-alive/) - The experience of Whiston, and his pseudoscience prophecy, shows that predictions of the end of the world come and go while people still remain. Sometimes the fallout of these predictions, and the foolishness they provoke, is limited. Other times the foolishness they provoke leads to catastrophe.
- [Your Figuring Central Planners At Work](https://economicprism.com/your-figuring-central-planners-at-work/) - The central planners never hit their inflation targets. But, in spraying the economy with birdshot, they cause massive disruption. This aside, assuming the central planners at the Fed could target price inflation, what rate of inflation would they precisely pinpoint?
- [What You Will Find When You Follow the Money](https://economicprism.com/what-you-will-find-when-you-follow-the-money/) - It has been a rough go for California Governor Gavin Newsom. Late last week it was revealed that the state Department of Public Health had tickled the poodle on its COVID-19 record keeping. Somehow the bureaucrats in Sacramento undercounted new coronavirus cases by as many as 300,000.
- [The Dollar Is Dying](https://economicprism.com/the-dollar-is-dying/) - This week, while perusing the Federal Reserve’s balance sheet figures, we came across a rather curious note. We don’t know how long the Fed’s had this note posted to its website. But we can’t recall ever seeing it.
- [Black Lives Matter: An Immodest Suggestion](https://economicprism.com/black-lives-matter-an-immodest-suggestion/) - Here at the Economic Prism we hesitate to offer advice. We don’t know the answers. We hardly know the questions. But we do observe, contemplate, and reflect. And as far as we can tell the BLM movement is empty of ideas and without direction. Hence, from a place of modesty, we offer an immodest suggestion.
- [Best Laid Schemes](https://economicprism.com/best-laid-schemes/) - The grand plans of our local officials in Long Beach have been foiled by the coronavirus bug. After seven years of construction, at a cost of $1.5 billion, they can’t even hold a proper ribbon-cutting.
- [This Stock Market Will Eat You](https://economicprism.com/this-stock-market-will-eat-you/) - Captain George Pollard Jr. was hungry. Actually, he was starving. He’d been drifting aboard a small whaleboat with some of his crew in the South Pacific for over two months. The sun was ravaging. The thirst was unquenchable. The meagre food rations had taken their toll. Thus, Pollard did what he had to do to survive. He took a deep breath, said a prayer…then he devoured his 18-year-old cousin, Owen Coffin.
- [Game Over Spending](https://economicprism.com/game-over-spending/) - Second quarter 2020 came and went like a California wildfire. The economic devastation caused by the government lockdowns was swift, the destruction immense, and the damage lasting. But, nonetheless, in Q2, the major U.S. stock market indices rallied at a record pace.
- [Something Worth Striving For](https://economicprism.com/something-worth-striving-for/) - The days are long and hot in the Northern Hemisphere when real American patriots spit upon their hands and hoist the stars and stripes. On July 4, the free and brave, with duty and self-sacrifice, begrudgingly accept federal holiday pay to stand tall upon their own two feet. Rugged individualism and uncompromising independence are essential to their character.
- [How the Bottom Up Bailout Will Impact the Future](https://economicprism.com/how-the-bottom-up-bailout-will-impact-the-future/) - The lockdown of the economy by government order is proving to be a blunder of epic proportions. Coronavirus is still on the loose. Yet, as a result of the lockdown, the economy’s been destroyed.
- [America's Guaranteed Living Hell](https://economicprism.com/americas-guaranteed-living-hell/) - One of the consequences of expansionary monetary intervention is that it distorts the relationship between financial markets and the underlying economy. Stimulus with the supposed intent of juicing the economy has the effect of juicing financial markets. Sometimes – like now – these inflationary policies have the effect of completely disconnecting the stock market from the economy.
- [Should You Buy the Dip?](https://economicprism.com/should-you-buy-the-dip/) - Something remarkable happened yesterday [Thursday]. Stocks didn’t go up. They went down…and they went down a lot. The S&P 500 dumped 5.89 percent. But that was nothing. Gannett Co. crashed 29.5 percent, Noble Corporation plunged 25.51 percent, and Denbury Resources dropped 23.65 percent. Should you buy the dip?
- [Pandemic, Economic Collapse, Full Societal Breakdown](https://economicprism.com/pandemic-economic-collapse-full-societal-breakdown/) - The recline and flail of western civilization beats on. Pandemic, economic collapse, full societal breakdown. The sequence grooves from one to the next with the symbiotic disharmony of a minor pentatonic scale.
- [This is a Full Societal Breakdown](https://economicprism.com/this-is-a-full-societal-breakdown/) - This is a full societal breakdown. Racial injustice may be today’s rage. But there’s plenty of other injustices for people to go mad over. By the dogdays of August, no doubt, when the weekly $600 unemployment checks program has expired, riots will come to a Target near you.
- [Why Some Americans Love Government Lockdowns](https://economicprism.com/why-some-americans-love-government-lockdowns/) - There’s mounting evidence the American character is being destroyed by an infected mind. While some Americans have been rightly irate by the government’s lockdown orders, there are others that love it. They love forced hunkering. Moreover, they love the prospect of free money.
- [Tasting the Forbidden Fruit of Free Money](https://economicprism.com/tasting-the-forbidden-fruit-of-free-money/) - There’s something irresistibly magical and intoxicating about the promise of free money. For it promises life without labor…and life without limits. Moreover, once a nation has taken a bite there’s no going back. Free money, you see, is so delicious that too much is never enough.
- [Beware of Plans to Build Back Better](https://economicprism.com/beware-of-plans-to-build-back-better/) - Central planners the world over disdain the free exchange of goods and services. They believe they can better shape the world around them according to their wishes. This fatal conceit compels them to intervene in destructive ways.
- [Buckle Up for Economic Destruction](https://economicprism.com/buckle-up-for-economic-destruction/) - The idea that the economy will quickly rebound and everything will be back to normal as soon as the shelter in place orders are lifted is pure fantasy. The fact is we’re all so screwed at this very moment we’ve yet to realize just how screwed we are.
- [What You Must Know About Zeros in the Years Ahead](https://economicprism.com/what-you-must-know-about-zeros-in-the-years-ahead/) - The way zeros work when money is being destroyed by governments is the same way mold spores work on wet drywall. They multiply. They make an unwanted appearance at the back of all prices.
- [Facing Down America's Myths and Legends](https://economicprism.com/facing-down-americas-myths-and-legends/) - Each generation is disposed to its own unique myths and legends. Perhaps an absence of prior experience is what compels the younger generation to pick up the torch of popular delusion, regardless of whether it’s pure madness. The older generation, on the other hand, may have garnered false expectations through a lifetime spent living in a world that no longer exists.
- [Will Everything be Awesome for SoFi Stadium?](https://economicprism.com/will-everything-be-awesome-for-sofi-stadium/) - The property adjacent to the northeast intersection of South Prairie Avenue and Century Boulevard, in Inglewood, California, has undergone a staggering facelift over the last three years. The former Hollywood Park Racetrack was demolished and regraded. SoFi Stadium, at a price tag of $5 billion, is being constructed in its place.
- [The Upside of The Great Depression of the 2020s](https://economicprism.com/the-upside-of-the-great-depression-of-the-2020s/) - The monster of all monsters is rampaging far and wide. The Federal Reserve, the central bank responsible for issuing U.S. legal tender notes, is going big. But its aim is small.
- [Boeing's Bean Counter Culture and Mass Financialization](https://economicprism.com/boeings-bean-counter-culture-and-mass-financialization/) - The demise of Boeing culminated in late-2018 and early-2019 when the company’s revamped 737, the 737 MAX, suffered two systems malfunction induced crashes. This prompted aviation authorities around the world to ground the 737 MAX.
- [Is the Panic Worse than the Virus?](https://economicprism.com/is-the-panic-worse-than-the-virus/) - The Great Panic of 2020 is already one for the history books. Yet the damage has only just begun. We suspect the stock market crash, economic destruction, and forfeiture of freedoms will persist long after the coronavirus hobgoblin has been put to bed.
- [Your 12-Point Great Depression II Survival Guide](https://economicprism.com/your-12-point-great-depression-ii-survival-guide/) - And just like that – after a magnificent 11 year run – the bull market in U.S. stocks is dead. From its peak close of 29,551 on February 12 through yesterday’s [Thursday] close of 21,200, the Dow Jones Industrial Average (DJIA) has dropped over 28 percent – in just 30 days! RIP.
- [Destruction By Definition](https://economicprism.com/destruction-by-definition/) - Major U.S. stock market indexes yo-yoed about all week. On Monday, panic selling from last week turned to panic buying. Decades of Fed intervention have conditioned stock market investors to step in front of semi-trucks to scoop up nickels.
- [Where Did Your Money Go?](https://economicprism.com/where-did-your-money-go/) - It all seems so systematic, arranged, and orderly. Almost a direct proof of deism. Sixty seconds make a minute, 60 minutes make an hour, 24 hours make a day, and one day equals one complete rotation of the planet earth.
- [China's Debts are Coming Due at the Worst Possible Time](https://economicprism.com/chinas-debts-are-coming-due-at-the-worst-possible-time/) - The economic consequences of coronavirus are quickly piling up like garbage along the streets of Los Angeles. Breaking supply chains, closed Chinese factories, iPhone disruptions, and massive shortages of Chinese made products. These developments will most definitely get worse before they get better.
- [The Secret to Fun and Easy Stock Market Riches](https://economicprism.com/the-secret-to-fun-and-easy-stock-market-riches/) - On Tuesday, at the precise moment Federal Reserve Chairman Jay Powell commenced delivering his semiannual monetary policy report to the House Financial Services Committee, something unpleasant happened. The Dow Jones Industrial Average (DJIA) didn’t go up. Rather, it went down.
- [The Triumph of Madness](https://economicprism.com/the-triumph-of-madness/) - Rudolf von Havenstein had been president of the Reichsbank – the German central bank – since 1908. He knew the workings of central bank debt issuances better than anyone. He was good at it.
- [How Xi Jinping will Save the World from Coronavirus](https://economicprism.com/how-xi-jinping-will-save-the-world-from-coronavirus/) - In 1349, when Black Death was ravaging Europe, many of the day’s best and brightest banded together in pursuit of a common cure. They had little choice. Black Death was rapidly spreading across the continent. Nothing could stop it.
- [The Impulses of Lunar Fed Policy Under Repo Madness](https://economicprism.com/the-impulses-of-lunar-fed-policy-under-repo-madness/) - The Fed, through its repo madness program, has supplied financial markets – including big banks like JP Morgan – with mass liquidity. But that’s not all. The Fed’s also supplied financial markets with a highly tenuous assumption: The Fed will never allow the lack of liquidity of a major debtor to become an insolvency crisis that contracts the money supply. This assumption, without question, will be proven false at the worst possible time.
- [Living On Borrowed Time](https://economicprism.com/living-on-borrowed-time/) - Practicality the entirety of Congress now believes that the ability to pay should not limit the ability to promise people whatever they want. There’s no poll of members of Congress to support this assertion. We base it on what they’ve communicated by real, material actions.
- [Geopolitical Shocks and Financial Markets](https://economicprism.com/geopolitical-shocks-and-financial-markets/) - The procession of news through the week – namely that chronicling the aftermath of the targeted drone strike and killing of Iranian General Qasem Soleimani – advanced with an agreeable flow. The reports at the start of the week were that Orange Man Bad had spun up a Middle East mob of whirling dervishes beyond recall. World War III was imminent.
- [How the Fed Robs You of Your Life](https://economicprism.com/how-the-fed-robs-you-of-your-life/) - The inflation of the money supply, in effect, distorts the prices of goods and services. Subsequent units of a good or service may have a reduced utility, though, over time, their nominal cost increases. This also undermines individual savings…and robs savers – that’s you – of their lives…
- [Vision 2020: One Essential Insight for the Year Ahead](https://economicprism.com/vision-2020-one-essential-insight-for-the-year-ahead/) - Today, with perfect 20/20 vision, we set our sights on the year ahead. After all, the New Year’s nearly here. What better time than now to peer out 12 months through our proprietary prism and report back what we discover?
- [Real High Crimes and Misdemeanors](https://economicprism.com/real-high-crimes-and-misdemeanors/) - The fake impeachment and the upcoming presidential election are a great big distraction. The real high crimes and misdemeanors, the one all three branches of government and both parties are ignoring, is that Americans are compelled under legal tender laws to use unconstitutional money.
- [Banana Republic Money Debasement In America](https://economicprism.com/banana-republic-money-debasement-in-america/) - There are many falsehoods being perpetuated these days when it comes to money, financial markets, and the economy. But when you cut the chaff, three related facts remain: Uncle Sam needs your money. He needs a lot of your money. And he needs it bad!
- [Every Bubble Eventually Finds its Pin](https://economicprism.com/every-bubble-eventually-finds-its-pin/) - The transfer of wealth from workers and savers to governments and big banks continued this week with Swiss-like precision. The process is both mechanical and subtle. Here in the USA the automated elegance of this ongoing operation receives little attention.
- [The Fed's Answer to the Ghastly Monster of its Creation](https://economicprism.com/the-feds-answer-to-the-ghastly-monster-of-its-creation/) - As the economy stalls out in 2020, U.S. deficits are going to jump to over $2 trillion a year – and will stay there. So, too, the national debt will run up towards $40 trillion over the next decade. The Fed, through YCC or some other wild scheme, will take on the dirty deed of monetizing this debt. They’ll create money from nothing and loan it to the Treasury.
- [Japan's Yield Curve Control Regime is Coming to America](https://economicprism.com/japans-yield-curve-control-regime-is-coming-to-america/) - The central planners at the Fed and the U.S. Treasury, like the central planners at the BOJ, want a yield curve that looks just right. Namely, they want a yield curve that uniformly steps up like topographic elevation curves step up from California’s Death Valley along the face of the Eastern Sierra to the Mount Whitney summit.
- [Is the Fed Secretly Bailing Out a Major Bank?](https://economicprism.com/is-the-fed-secretly-bailing-out-a-major-bank/) - The promise of something for nothing is always an enticing proposition. Who doesn’t want roses without thorns, rainbows without rain, and salvation without repentance? So, too, who doesn’t want a few extra basis points of yield above the 10-year Treasury note at no added risk?
- [Riding the Type 3 Mega Market Melt Up Train](https://economicprism.com/riding-the-type-3-mega-market-melt-up-train/) - The decade long bull market run, aside from making everyone ridiculously rich, has opened up a new array of competencies. The proliferation of ETFs, for instance, has precipitated a heyday for the ETF Analyst. So, too, blind faith in data has prompted the rise of Psychic Quants…who see the future by modeling the past.
- [The Federal Reserve is a Barbarous Relic](https://economicprism.com/the-federal-reserve-is-a-barbarous-relic/) - Today, at the risk of being called Chicken Little, we tug on a thread that weaves back to the ancient Celts. Our message is grave: The sky is falling. Though the implications are still unclear.
- [How to Prepare as the Fed Scorches the Earth](https://economicprism.com/how-to-prepare-as-the-fed-scorches-the-earth/) - The hillsides are always brown in the land of fruits and nuts come autumn. After baking away all summer long in the hot sun, the dense sage and chaparral covering the coastal hillsides and canyons are dry and toasty. Though, before conditions get better, they must first get worse.
- [America’s Road Map to $40 Trillion National Debt by 2028](https://economicprism.com/americas-road-map-to-40-trillion-national-debt-by-2028/) - Watch out! At this very moment, professional economists of all stripes are making plans on your behalf. They’re dreaming and scheming new and innovative ways to spend your money long before you’ve earned it.
- [Fed Chair Powell's Inescapable Contradiction](https://economicprism.com/fed-chair-powells-inescapable-contradiction/) - Over the last two decades we’ve conducted our own empirical research of the influence of central bank fake money credit creation. Our methodology is simple. We observe the world about us – both good and bad. When something cockeyed crosses our sights we zoom in for a closer look.
- [Elizabeth Warren's Plans to MAGA](https://economicprism.com/elizabeth-warrens-plans-to-maga/) - There are places in Los Angeles where, although the sun always shines, they haven’t seen a ray of light in over 100-years. There’s a half square mile of urban decay centered on the Union Rescue Mission at 545 South San Pedro Street, where depravity, chaos, addiction, insanity and archaic diseases multiply and ricochet about like metastatic cancer.
- [Final Collapse is Inexorable](https://economicprism.com/final-collapse-is-inexorable/) - This week central planners pursued their primary mission with steadfast conviction. They planned. They prodded. They prearranged tomorrow to save us from ourselves. Some also grubbed a little graft for their trouble.
- [Fiat Money Cannibalization in America](https://economicprism.com/fiat-money-cannibalization-in-america/) - Failure of the debt based fiat money system is at stake. The Fed will do everything they can to keep it alive. They’ll keep at it, debasing the dollar around the clock, until the precise moment it cannibalizes itself.
- [Don't Be Another Wall Street Chump](https://economicprism.com/dont-be-another-wall-street-chump/) - Securities and Exchange Commission Rule 156 requires financial institutions to advise investors to not be idiots. Hence, the disclosure pages of nearly every financial instrument in the U.S. are embedded with the following admission or variant thereof: “Past Performance Is Not Indicative of Future Results”
- [Suffering the Profanity of Plentiful Cheap Money](https://economicprism.com/suffering-the-profanity-of-plentiful-cheap-money/) - What if the savings in your bank account lost 55 percent of its value over the last 12 months? Would you be somewhat peeved? Would you transfer some of your savings to another currency?
- [The Hollow Promise of a Statist Economy](https://economicprism.com/the-hollow-promise-of-a-statist-economy/) - Not a day goes by that doesn’t supply a new specimen of inane disclarity. Muddy ideas are dredged up from tainted minds like lumps of odorous pond muck. We do our part to clean up the mess, whether we want to or not.
- [Dead Meat in Jackson Hole](https://economicprism.com/dead-meat-in-jackson-hole/) - This Thursday through Saturday, for the 37th consecutive year, the Kansas City Federal Reserve is hosting its economic symposium in Jackson Hole. Central bankers from the Federal Reserve have descended upon the valley like 19th century fur trappers. Who they bill their expense reports to is a question that’s better not asked.
- [Writing on the Wall](https://economicprism.com/writing-on-the-wall/) - One of the more disagreeable discrepancies of American life in the 21st century is the world according to Washington’s economic bureaus and the world as it actually is. In short, things don’t add up. What’s more, the propaganda’s so far off the mark it’s downright insulting.
- [Getting to a Special State of Ugly](https://economicprism.com/getting-to-a-special-state-of-ugly/) - The world, circa 2019, is a fabricated reality. Debt, piled upon debt, piled upon debt, ad infinitum, has erected a financial order that’s at perilous odds with the underlying economy. Central bankers attempt to manipulate fake money and fake foreign exchange rates to keep the debt pile from cascading down.
- [Do You Hear a Bell Ringing?](https://economicprism.com/do-you-hear-a-bell-ringing/) - The sun shines brightest across the North American continent as we enter summer’s dog days. Cold sweet lemonade is the refreshment of choice at ballparks and swimming holes alike. Many people drink it after cutting the grass, or whenever else a respite from the heat and some thirst quenching satisfaction is needed.
- [Realizing the Full Implications of the Forthcoming Catastrophe](https://economicprism.com/realizing-the-full-implications-of-the-forthcoming-catastrophe/) - The popular delusion of the 21st century is to assume the highest virtues of democracy. This faulty assumption propagates a dangerous archetype: the tyranny of the masses and its twin consequences, deficits and inflation.
- [Tending Towards Maximum Perversity](https://economicprism.com/tending-towards-maximum-perversity/) - According to Finagle’s corollary to Murphy’s law, “Anything that can go wrong, will—at the worst possible moment.” Taken a degree further, per O’Toole’s corollary of Finagle’s law, and the second law of thermodynamics, “The perversity of the Universe tends towards a maximum.”
- [The Four Dimensions of the Fake Money Order](https://economicprism.com/the-four-dimensions-of-the-fake-money-order/) - “If you don’t know where you’re going, any road will get you there,” is a quote that’s oft misattributed to Lewis Carrol. The fact that there’s ambiguity about who’s behind this quote on ambiguity seems fitting.
- [Independence Day in America Circa 2019](https://economicprism.com/independence-day-in-america-circa-2019/) - In the early 1990s, Steve Rocco, a scrub freestyle skater from Hermosa Beach, delivered an epic haymaker to the corporate skateboard industry. On a shoe string budget, financed with predator loans from a shark named Kirby, Rocco rapidly took down the big three skate companies that, in hindsight, had grown fat and stale. In a classic case of Joseph Schumpeter’s “gale of creative destruction,” he revolutionized the industry and subculture.
- [How Beijing Uses Fake Money to Cannibalize the U.S. Transit Market](https://economicprism.com/how-beijing-uses-fake-money-to-cannibalize-the-u-s-transit-market/) - One of the more remarkable achievements of fake money creation is that it distorts and disfigures the world in odd and uncanny ways. Dow (not quite) 27,000. Million dollar shacks. Over $13 trillion in subzero-yielding debt.
- [Feeling the Heat of a Civilization on the Downside](https://economicprism.com/feeling-the-heat-of-a-civilization-on-the-downside/) - The political, financial, economic, and social foundations that have been in place over the last 75 years – and perhaps, over the last 220 years – are breaking down. And no policy directive, no interest rate adjustment, no trade tariff, no five year plan, no extraordinary measures, no green new deal, and no technocratic prevarication is going to stop it. Big Government doesn’t stand a chance.
- [Fed Chair Powell's Plan to Pickle the Economy](https://economicprism.com/fed-chair-powells-plan-to-pickle-the-economy/) - Once a cucumber becomes a pickle it can never be a cucumber again. Indeed, financial markets have been pickled over to no end. What’s more, Fed Chair Powell’s efforts to unpickle QE were met with howls from the President, Wall Street, and Larry Kudlow.
- [Elizabeth Warren's Plan to Bamboozle American Voters](https://economicprism.com/elizabeth-warrens-plan-to-bamboozle-american-voters/) - The run-up to the presidential primaries offers a funhouse reflection of American life. Presidential hopefuls, hacks, and has-beens turn to focus groups to discover what they think the American electorate wants. Then they distill it down to hollow bumper stickers. After that, they pump their fists and reflect it back with mindless repetition.
- [The Ugly End of Globalization](https://economicprism.com/the-ugly-end-of-globalization/) - About this time, something even more historic happened. Roughly one billion Chinese workers, who were willing to work for less than peanuts, joined the global workforce. As a result, the U.S. was able to export its inflation – and jobs – to China and other emerging economies over the next three decades.
- [Workers of the World, Unite!](https://economicprism.com/workers-of-the-world-unite/) - Several decades of perpetual credit creation courtesy of the Fed’s artificially low interest rates have had countless unintended consequences for the global economy. In short, the economy’s reconfigured itself in ways it otherwise wouldn’t have. One example is the offshoring of U.S. jobs to China and the massive trade imbalance between the two countries.
- [The Three Stages of Modern Monetary Theory](https://economicprism.com/the-three-stages-of-modern-monetary-theory/) - Some ideas are so bad they’re best ignored. Like resentments – or stray cats – if you don’t feed them, they’ll go away. Before long, they’re forgotten altogether. That has been our approach to Modern Monetary Theory (MMT). The idea’s so obviously foolish, reckless, and outright suicidal. Why feed this dorkus maximus of economic thought?
- [One Heck of a Reality Television Fight](https://economicprism.com/one-heck-of-a-reality-television-fight/) - Economic nationalism and the China bugaboo is shaping up to be one heck of a reality television fight. This is a cause that idiots on both sides can line up behind with gusto.
- [Why Fed Chair Powell's a Laughingstock](https://economicprism.com/why-fed-chair-powells-a-laughingstock/) - Powell believes this ”technical adjustment” will compel banks with excess reserves parked at the Fed to pursue better returns elsewhere. Powell also believes lowering the IOER rate will keep the federal funds rate from deviating above its upper range.
- [Why a Chernobyl-like Financial Disaster is Inescapable](https://economicprism.com/why-a-chernobyl-like-financial-disaster-is-inescapable/) - In the early morning hours of April 26, 1986 – roughly 33 years ago – things went horribly wrong in the town of Pripyat, in northern Soviet Ukraine. Reactor No. 4 at the V. I. Lenin Nuclear Power Plant, also known as the Chernobyl Nuclear Power Plant, was overwhelmed by an uncontrolled reaction. There was no stopping it.
- [What Were They Thinking?](https://economicprism.com/what-were-they-thinking/) - One benefit of hindsight is that it imparts a cheap superiority over the past blunders of others. We certainly make more mistakes than we’d care to admit. Why not look down our nose and acquire some lessons learned from the mistakes of others?
- [Unsolicited Advice to Fed Chair Powell](https://economicprism.com/unsolicited-advice-to-fed-chair-powell/) - Behind closed doors, President Trump and Fed Chair Jay Powell are in freak out mode. President Trump wants lower interest rates and artificial stimulus to fabricate GDP growth into the 2020 election year. His prospects for a second term in office depend on it. Fed Chair Powell knows the economy’s toast. Annualized GDP growth for the first quarter of 2019 was recently estimated at just 1.3 percent. But he cannot yet admit it. Specifically, he cannot cut rates just yet without triggering a market panic.
- [As the Madness Turns](https://economicprism.com/as-the-madness-turns/) - This is the mad world we live in. A world that will only get madder as policies of desperation are rolled out in earnest to keep the price of money cheap, the price of assets high, and the government swindlers in Washington flush with money borrowed on the backs of the unborn. But make no mistake, this madness will turn. First it will turn to fear, then to anger, and then to death…
- [How to Escape Like Willie Boy](https://economicprism.com/how-to-escape-like-willie-boy/) - The America we thought we knew – the country we learned about in grade school – vanished long ago. In truth, it was gone well before we stepped foot in our first classroom. But America’s myths and legends remain.
- [Is Inflation Beginning? Are You Ready?](https://economicprism.com/is-inflation-beginning-are-you-ready/) - “Those who cannot remember the past are condemned to repeat it,” remarked George Santayana over 100 years ago. These words, as strung together in this sequence, certainly sound good. But how to render them to actionable advice is less certain.
- [Why Government Control Is Overrated](https://economicprism.com/why-government-control-is-overrated/) - There is much confusion from Republicans and Democrats about what’s torturing the American landscape. Middle American red state towns have slipped into a self-induced opioid coma. Wealthy blue state cities along the east and west coasts are rotting from the inside out.
- [Fake Money's Face Value Deceit](https://economicprism.com/fake-moneys-face-value-deceit/) - Shane Anthony Mele stumbled off the straight and narrow path many years ago. One bad decision here. Another there. And he was neck deep in the smelly stuff.
- [Why Warren Buffett Should Buy Gold](https://economicprism.com/why-warren-buffett-should-buy-gold/) - Warren Buffett bought his first shares of stock at 11 years old. He saved up $114.75 and “went all in,” purchasing three shares of Cities Service preferred stock. The day was March 11, 1942 – nearly 77 years ago. Buffett recently reminisced about this purchase in his annual letter to shareholders: “I had become a capitalist, and it felt good.”
- [The Great Workfare Era Is Here](https://economicprism.com/the-great-workfare-era-is-here/) - New Congressional members arrived in Washington last month with much hoopla and the promise that a centrally directed, democratic economy, will usher in a new era of prosperity for all. This new Congress, however, isn’t looking to the hope and promise of the future. They’re looking to the despair and failings of the past.
- ["The Future Ain't What It Used to Be"](https://economicprism.com/the-future-aint-what-it-used-to-be/) - The populace, through a long sequence of self-inflicted economic and social depravities, has a bazillion and one fire ants up its pantaloons. What’s more, they don’t like the uneven mix of pain and panic this provokes. But they aren’t quite sure how to put a stop to it.
- [The Big Government Show Must Go On](https://economicprism.com/the-big-government-show-must-go-on/) - The real State of the Union – the one President Trump omitted from his address – is a state of impending doom brought on by 50 years of relentless debt accumulation. Day after day, week after week, month after month, year after year, the federal government has spent more than it takes in. Now the debt has piled up past the point of no return; there’s no longer an expedient way to reverse course.
- [The Categorical Insanity of Central Banking](https://economicprism.com/the-categorical-insanity-of-central-banking/) - Currency debasement. Asset price inflation. Booms, bubbles, and busts. Yes, folks, central bankers have succeeded at making full hash of the world at large. This goes for the Federal Reserve too.
- [An Honest and Easy Solution to Wealth Inequality](https://economicprism.com/an-honest-and-easy-solution-to-wealth-inequality/) - Here we are, less than one month into the New Year, and absurdity levels have broken above 120 decibels. Society, it seems, has spun itself up to a fever pitch. The common culture is working towards a common freak-out.
- [Kicking Xi Jinping While He's Down](https://economicprism.com/kicking-xi-jinping-while-hes-down/) - On a beautiful midsummer day, roughly six months ago, two distinguished men, of distinguished stature, crossed paths under precarious circumstances. They are very much alike, these two distinguished men.
- [Washington's Latest Match Made In Hell](https://economicprism.com/washingtons-latest-match-made-in-hell/) - The recent mid-term election demonstrates that the American populace wants the more abundant life to be given to them via the highly visible hand of big government. For example, 29 year old Alexandria Ocasio-Cortez was recently elected to the House of Representatives from New York’s 14th district.
- [The Downside of Mindless Investing](https://economicprism.com/the-downside-of-mindless-investing/) - High inflection points in life, like high inflection points in the stock market, are both humbling and instructive. One moment you think you’ve got the world by the tail. The next moment the rug’s yanked right out from under you.
- [The Recline and Flail of Western Civilization and Other 2019 Predicitions](https://economicprism.com/the-recline-and-flail-of-western-civilization-and-other-2019-predicitions/) - Today, as we prepare to close out the old, we offer a vast array of tidings. We bring words of doom and despair. We bring words of contemplation and reflection. And we also bring words of hope and sunshine. After all, the New Year’s nearly here. What better time than now to turn over a new leaf? New dreams, new directions, and new delusions, are all before us like a patch of ripe strawberries. Today’s the day to make a double fisted grab for all of them – and more.
- [Merry Christmas Eddie Lampert!](https://economicprism.com/merry-christmas-eddie-lampert/) - The takeaway from all this is that Eddie Lampert and Stephen Freidheim know all the secret handshakes and fraternal chants of Wall Street’s highest order. They’ve come up through the ranks together. They’ve done business together for decades.
- [How Faux Capitalism Works in America](https://economicprism.com/how-faux-capitalism-works-in-america/) - The 2008 financial crisis helped clarify how faux capitalism works in America. That when the big corporations and the big banks get in trouble, the people on top quickly absolve culpability while appropriating public funds from their friends at the Treasury for the purpose of private bailouts. This, in effect, socializes the losses across bottom rungs of society and concentrates profits across the top.
- [Paper Lanterns](https://economicprism.com/paper-lanterns/) - Paper lanterns have been used in China since the early days of the Han Dynasty…roughly a century and a half before Jesus of Nazareth turned water into wine. Yet no one really knows the history or origin of paper lanterns. What is their purpose? What do they represent? Are they aesthetically pleasing?
- [The Zealous Pursuit of State Sponsored Wealth Destruction](https://economicprism.com/the-zealous-pursuit-of-state-sponsored-wealth-destruction/) - The lifecycle of capital follows a wide-ranging succession. It is imagined, produced, consumed, and destroyed. How exactly this all takes place involves varying and infinite undulations.
- [How To Give Thanks Like Socrates](https://economicprism.com/how-to-give-thanks-like-socrates/) - Ordinary ideals of Americana range as far and wide as the North American continent. The valued conviction of one American vastly differs from that of another. For example, someone from the Mid-Atlantic may have little connection with someone from the Midwest. Their connection with Cascadia may be even less.
- [The Intolerable Scourge of Fake Capitalism](https://economicprism.com/the-intolerable-scourge-of-fake-capitalism/) - The fake capitalism of the 21st century is, in essence, a destructive form of self-cannibalism. The economic model depends on three factors: big deficits, monetary policies of extreme intervention, and a central authority with a highly visible hand to direct the supply and demand of goods and services. Taken in concert, these factors consume tomorrow’s productivity with the gluttonous appetite of pigs devouring slop.
- [When Fake Money Becomes Scarce](https://economicprism.com/when-fake-money-becomes-scarce/) - The unfavorable conditions facing the U.S. economy are the product of fake money. Over the past decade, an abundance of fake money has fashioned a world that’s greatly at odds with itself. Take away the fake money and the whole giant edifice collapses.
- [Pushing Past the Breaking Point](https://economicprism.com/pushing-past-the-breaking-point/) - The real tests facing the economy are less measurable. They cannot be counted up and expressed as a percent. Nor can they be charted over time. But that doesn’t mean these tests are any less observable than a calculated statistic.
- [Three Cheers for James Riley!](https://economicprism.com/three-cheers-for-james-riley/) - Our friend James Riley is smarter than the average bear. He’s built a successful business opening his family farm – Riley’s Farm – in Oak Glen, California, up for fun and entertainment. Here customers pick their own fruit from his working apple orchards, and enjoy living history education, dinner theatre, and extended, historically-themed overnight stays.
- [Why You Should Expect the Unexpected](https://economicprism.com/why-you-should-expect-the-unexpected/) - The confluence of factors that influence market prices are vast and variable. One moment patterns and relationships are so pronounced you can set a cornerstone by them. The next moment they vanish like smoke in the wind.
- [Choking On the Salt of Debt](https://economicprism.com/choking-on-the-salt-of-debt/) - In the San Joaquin Valley, vast irrigation networks convey water thousands of miles to make the desert bloom. But as surface water is conveyed along the open California aqueduct, it both evaporates and collects mineral deposits. The combination of these factors concentrate the water’s salt content. Then, as it’s applied for irrigation, the residual salts collect in the soil.
- [Are the Voices in Fed President Kashkari's Head Speaking Lies?](https://economicprism.com/are-the-voices-in-fed-president-kashkaris-head-speaking-lies/) - From the soft banks along the upper reaches of the Mississippi River, in a moment of weighty meditation, he closed his eyes and opened his ears. Between slow, deep breaths Kashkari heard first a whisper. Then soon a murmur. Before he knew it, he heard voices. The voices of interest rates. They were speaking to him.
- [Oil Mania Redux](https://economicprism.com/oil-mania-redux/) - By now, late September of 2018, it has become increasingly evident that something big is about to happen. What exactly that may be is anyone’s guess. But, whatever it is, we suggest you prepare for it now…before it’s too late.
- [The Burden of the American Worker](https://economicprism.com/the-burden-of-the-american-worker/) - The general burden of the American worker is the daily task of squaring the difference between the booming economy reported by the government bureaus and the dreary economy reported in their biweekly paychecks. There is sound reason to believe that this task, this burden of the American worker, has been reduced to some sort of practical joke. An exhausting game of chase the wild goose.
- [Honest Work for Dishonest Pay](https://economicprism.com/honest-work-for-dishonest-pay/) - Over the past decade, in the wake of the 2008-09 debt crisis, the impossible has happened. The sickness of too much debt has been seemingly cured with massive dosages of even more debt. This, no doubt, is evidence that there are wonders and miracles above and beyond 24-hour home deliveries of Taco Bell via DoorDash.
- [Thirteen Reckonings Hanging in the Balance](https://economicprism.com/thirteen-reckonings-hanging-in-the-balance/) - One of the notable facets of the political climate of the USA is the lack of agreement on what the facts are…and how the economy should function. Should it be a hands off laissez-faire economy? Should there be more regulatory intervention?
- [The Degrading Facts of a Fake Money Hole in the Head](https://economicprism.com/the-degrading-facts-of-a-fake-money-hole-in-the-head/) - The facts are that the Federal Reserve is currently shrinking its balance sheet and raising the federal funds rate in tandem. All the while, the stock market washes upward as if the liquidity tide were coming in rather than going out. This present convergence of facts, without question, offers a sensation of concentrated suspense.
- [As the Credit Cycle Turns](https://economicprism.com/as-the-credit-cycle-turns/) - A rising stock market has the illusory effect of masking the economy’s warts and blemishes. Who cares if incomes are stagnant when everyone’s getting rich off stocks? Certainly, winning wealth via the stock market beats working for it.
- [How the Global Trade Contraction Begins](https://economicprism.com/how-the-global-trade-contraction-begins/) - From our perch overlooking San Pedro Bay, the main port of entry for Chinese made goods into the USA, facets of the mounting economic catastrophe come into focus. These elements, even for the most untrained of eyes, are impossible to miss.
- [The Fake Promise of Adult Day Care](https://economicprism.com/the-fake-promise-of-adult-day-care/) - The simple fact is, the world doesn’t owe us a doggone thing. This obvious insight, however, is not shared by the likes of Warner or the burgeoning Democratic Socialist movement centered on Bernie Sanders and Alexandria Ocasio-Cortez.
- [When the Freaks Run Wild](https://economicprism.com/when-the-freaks-run-wild/) - The unpleasant sight of a physical absurdity is both grotesque and interesting. Only the most disciplined individual can resist an extra peek at a three-legged hunch back with face tattoos. The disfigurement has the odd effect of turning the stomach and twisting the mind in unison.
- [America Goes Full Imbecile](https://economicprism.com/america-goes-full-imbecile/) - Credit has a wicked way of magnifying a person’s defects. Even the most cautious man, with unlimited credit, can make mistakes that in retrospect seem absurd. But an average man, with unlimited credit, is preeminently disposed to going full imbecile.
- [All the Makings of a Major Economic Fiasco](https://economicprism.com/all-the-makings-of-a-major-economic-fiasco/) - About 6,940 miles west of Washington DC, and at roughly the same latitude, sits Beijing. Within China’s massive capital city, sits the Country’s paramount leader, Xi Jinping. According to Forbes, Xi is currently the most powerful and influential person in the world.
- [Are You Prepared for the End of Fake Money?](https://economicprism.com/are-you-prepared-for-the-end-of-fake-money/) - Fake money requires an inordinate amount of misplaced confidence to perpetuate its charade. But confidence in the dollar, like Hollywood star power, can quickly fall out of favor. Be it a trade war, a currency war, a fighting war, or the mass realization that the Federal Reserve’s painted itself into a corner and has lost their ability to combat an episode of extreme inflation or deflation of its making – confidence in today’s fake money will wane. It’s already happening.
- [The True Sport of MAGA](https://economicprism.com/the-true-sport-of-maga/) - In mid-July 2018, the true sport of MAGA is a whole lot of fun for Trumpians of all stripes. That’s the point. In fact, after eight years of Barry Big Ears, the true sport of MAGA feels pretty doggone great. Specifically, at the moment, the true sport of MAGA is fantastic, outstanding and exhilarating – all at the same time.
- [Trouble in Paradise](https://economicprism.com/trouble-in-paradise/) - Even in paradise, trouble still lurks in the shadows. Kealakekua Bay is where Captain Cook met his grim fate at the hands of the Hawaiian savages in 1779. His body parts were distributed among the chiefs. His head went to the king.
- [Confronting the Dragon with Peter Navarro](https://economicprism.com/confronting-the-dragon-with-peter-navarro/) - Peter Navarro is the Director of the National Trade Council of the United States. This, no doubt, sounds like an impressive and essential job title. Yet, somehow, the first 241 years of the nation’s existence passed along fairly well without it.
- [A Walk on the Wild Side](https://economicprism.com/a-walk-on-the-wild-side/) - A subtle gas seems to always be vented into the atmosphere at the sunset of an extended bull market. As the light fades, an odor that’s indiscernible from that of fresh fruit or rotting vegetables wafts down Wall Street. You can almost smell it. But what it is you smell is too faint to accurately characterize.
- [Chasing the Wind](https://economicprism.com/chasing-the-wind/) - Raising the federal funds rate and reducing the balance sheet are, without question, mopping up the same liquidity that’s floated up the stock market indexes well beyond what an honest man could possibly comprehend. This is also the same liquidity that has floated residential real estate prices above the epic 2006 high-water-mark. What will happen to these extreme asset prices when the liquidity that’s floated them up, recedes?
- [Who's That Ringing the Korean Bell of Friendship?](https://economicprism.com/whos-that-ringing-the-korean-bell-of-friendship/) - ‘Rocket Man’ Kim Jong-un is a madman. And a madman with nuclear missiles is trouble in the making. But so is U.S. airmen overseeing ICBMs while on hallucinogenic drugs. Either one could unleash a paranoid fury of barbarism on the world.
- [Getting Out of Dodge](https://economicprism.com/getting-out-of-dodge/) - Modern economists are prone to shouting fire in a crowded theater. The world is full of seeming incongruences. Economists puzzle over things like population growth and arable acres of farmland. They project out a linear scenario of increasing divergence, and see a catastrophe in the making.
- [Tales from "The Master of Disaster"](https://economicprism.com/tales-from-the-master-of-disaster/) - In 1981, professional skateboarder Duane Peters was busy inventing tricks like the invert revert, the acid drop, and the fakie thruster, in empty Southern California swimming pools. As part of his creative pursuits, he refined and perfected the art of self-destruction with supreme enthusiasm. His many broken bones, concussions, and knocked out teeth earned him the moniker, “The Master of Disaster”.
- [How to Get Ahead in Today's Economy](https://economicprism.com/how-to-get-ahead-in-todays-economy/) - This week brought forward more evidence that we are living in a fabricated world. The popular storyline presents a world of pure awesomeness. The common experience, however, grossly falls short.
- [Full Faith and Credit in Counterfeit Money](https://economicprism.com/full-faith-and-credit-in-counterfeit-money/) - Today’s reality is the fantasyland of full faith and credit in counterfeit money. Paper legal tender notes, derived from debt without limits.
- [The Oil Curse Comes to Washington](https://economicprism.com/the-oil-curse-comes-to-washington/) - Will being the world’s top oil producer be a blessing or a curse for the U.S.? Many other oil rich nations have found large oil discoveries and strong production to be a curse. The nation quickly becomes dependent on abundant oil revenues, and government corruption and chaos follow.
- [From Fake Boom to Real Bust](https://economicprism.com/from-fake-boom-to-real-bust/) - More is revealed with each passing day. You can count on it. But what exactly the ‘more is of’ requires careful discrimination. Is the ‘more’ merely more noise? Or is it something of actual substance? Today we endeavor to pass judgement, on your behalf.
- [Rise of the Japanese Androids](https://economicprism.com/rise-of-the-japanese-androids/) - Japan’s aging demographic trend generally precedes the European Union by about 5 years and the United States by roughly 9 years. Japan’s government debt trend precedes the European Union and the United States by about 10 years, give or take. How will Japan pay its massive debt bills when its population is projected to fall by about one-third by 2065?
- [Trade War Game On!](https://economicprism.com/trade-war-game-on/) - This week Trump and Jinping likely pushed the trade war past the point of no return. They called each other’s bluffs and raised the stakes as the week progressed. By Thursday things had hit a fever pitch.
- [Searching for Tahquitz](https://economicprism.com/searching-for-tahquitz/) - Each generation is disposed to its own unique myths and legends. Perhaps an absence of prior experience is what compels the younger generation to pick up the torch of popular delusion regardless of if it’s pure madness. The older generation, on the other hand, may have garnered false expectations through a lifetime spent living in a world that no longer exists.
- [What Fed Chair Powell Forgot to Mention](https://economicprism.com/what-fed-chair-powell-forgot-to-mention/) - What Powell forgot to mention, yet is acutely aware of, is that the Fed’s quantitative tightening balance sheet reduction efforts will be flooding the bond market with massive amounts of government debt. Who’s going to buy this debt? And, on top of that, who’s going to fund the Treasury’s $1 trillion deficit?
- [Good Riddance Lloyd Blankfein!](https://economicprism.com/good-riddance-lloyd-blankfein/) - Given word of Blankfein’s approaching departure from Goldman Sachs we refuse to give him a free exit pass. Because when the big bank bailout was being hatched, Blankein was in the middle of it, egging on Goldman cronies Hank Paulson and Neel Kashkari, and ensuring his bank’s access to a lifeline of taxpayer liquidity.
- [How to Blow $12.2 Billion in No Time Flat](https://economicprism.com/how-to-blow-12-2-billion-in-no-time-flat/) - When the stock market peaked out in mid-2007, in the early days leading up to the 2008-09 crash, Miller knew exactly what to do. Like now, it was unclear in the fall of 2007 if the moderate decline that had occurred was merely the market coiling for the next spring upward or if it was rolling over for a more advanced decline.
- [Broken Promises](https://economicprism.com/broken-promises/) - Consumer debt, corporate debt, and government debt are all going up. But that’s not all. Margin debt – debt that investors borrow against their portfolio to buy more stocks – has hit a record of $642.8 billion. What in the world are people thinking?
- [Haunted by Ghosts of the Old Eastern Bloc](https://economicprism.com/haunted-by-ghosts-of-the-old-eastern-bloc/) - When it comes to the pricing of goods, commodities and services, commanding fixed prices by a central authority is an utter failure. This was effectively proven by the experiences of the centrally planned economies of the old communist Eastern Bloc countries during the second half of the 20th century.
- [When Budget Deficits Will Really Go Vertical](https://economicprism.com/when-budget-deficits-will-really-go-vertical/) - When President Trump signed the GOP tax reform bill on December 22, the yield on the 10-Year Treasury note was 2.48 percent. As of market close on Thursday, the 10-Year Treasury note yield had increased to 2.89 percent. In less than two months the federal government’s borrowing costs have increased by over 16 percent.
- [What Kind of Stock Market Purge Is This?](https://economicprism.com/what-kind-of-stock-market-purge-is-this/) - Down markets, like up markets, are both dazzling and delightful. The shock and awe of near back-to-back 1,000 point Dow Jones Industrial Average (DJIA) freefalls are, indeed, spectacular. There are many reasons to revel in it. Today we shall share a few.
- [How to Buy Low When Everyone Else is Buying High](https://economicprism.com/how-to-buy-low-when-everyone-else-is-buying-high/) - The common thread running through the collective minds of present U.S. stock market investors goes something like this: A great crash is coming. But first there will be an epic run-up climaxing with a massive parabolic blow off top.
- [The Donald Saves the Dollar](https://economicprism.com/the-donald-saves-the-dollar/) - The world is full of bad ideas. Just look around. One can hardly blink without a multitude of bad ideas coming into view. What’s more, the worse an idea is, the more popular it becomes.
- [Tax Reform and Trump's Chinese Trade Deficit Conundrum](https://economicprism.com/tax-reform-and-trumps-chinese-trade-deficit-conundrum/) - Attempting to spend a nation to prosperity using borrowed money is not without consequences. In the short run, an illusion of wealth can be erected. In the long run, the illusion slips into decay and disrepair at the precise moment the bill comes due.
- [As the Controlled Inflation Scheme Rolls On](https://economicprism.com/as-the-controlled-inflation-scheme-rolls-on/) - The early Wednesday morning scuttlebutt from Bloomberg was that Beijing may be halting purchases of U.S. Treasuries. A decade ago this would have caused a significant market freak out. Presently, such a gloomy prospect no longer matters.
- [Why You Should Embrace the Twilight of the Debt Bubble Age](https://economicprism.com/why-you-should-embrace-the-twilight-of-the-debt-bubble-age/) - No one really cares about deficits and debt. Not former Treasury Secretary Jack Lew. Not current Treasury Secretary Steven Mnuchin. Not Trump. Not Obama. Not your congressional representative. Not Dick Cheney.
- [Several Simple Suppositions and Suspicions for 2018](https://economicprism.com/several-simple-suppositions-and-suspicions-for-2018/) - The New Year’s nearly here. The slate’s been wiped clean. New hopes, new dreams, and new fantasies, are all within reach. Today’s the day to make a double fisted grab for them.
- [Why Monetary Policy Will Cancel Out Fiscal Policy](https://economicprism.com/why-monetary-policy-will-cancel-out-fiscal-policy/) - As the Fed raises interest rates, borrowing costs become more expensive. With respect to government debt, it will take a larger and larger share of the government’s budget to finance the debt. This will reduce the funds that the government can spend elsewhere.
- [The Rug Yank Phase of Fed Policy](https://economicprism.com/the-rug-yank-phase-of-fed-policy/) - The political differences of today’s leading two parties are not over ultimate questions of principles. Rather, they’re over opposing answers to the question of how a goal can be achieved with the least sacrifice. For lawmakers, the goal is to promise the populace something for nothing while pretending to make good on it.
- [The Zealous Pursuit of State-Sponsored Collapse](https://economicprism.com/the-zealous-pursuit-of-state-sponsored-collapse/) - Government intervention into a nation’s economy is as foolish as attempting to control the sun’s rise and fall by law or force. But that doesn’t mean governments don’t meddle each and every day with the best – and worst – of intentions. The United States government is no exception.
- [The Complete Idiot's Guide to Being an Idiot](https://economicprism.com/the-complete-idiots-guide-to-being-an-idiot/) - Without question, there’s a bull market in idiocy. And when there’s a bull market in idiocy, idiots get rich.
- [Lessons from Squanto](https://economicprism.com/lessons-from-squanto/) - The Pilgrims didn’t receive monthly government checks when the Mayflower first landed at Plymouth Rock. So, too, Squanto didn’t show up at the first Thanksgiving feast with a bucket of extra crispy KFC purchased using a government issued EBT card.
- [How Uncle Sam Inflates Away Your Life](https://economicprism.com/how-uncle-sam-inflates-away-your-life/) - When Uncle Sam confiscates your life-savings via the inflation tax something more is happening. Not only are you being robbed of your money, you’re being robbed of your life. Your life’s simply inflated away. Poof!
- [Is Fed Chair Nominee Jay Powell, Count Dracula?](https://economicprism.com/is-fed-chair-nominee-jay-powell-count-dracula/) - As Fed Chairman, Powell will unequivocally hold to the Greenspan, Bernanke, and Yellen doctrine. That is, he will suck your blood and siphon your wealth to Washington and Wall Street. So, you can forgive us for confusing Powell with Dracula, right?
- [How to Survive the Winter](https://economicprism.com/how-to-survive-the-winter/) - One of the fringe benefits of living in a country that’s in dire need of a political, financial, and cultural reset, is the twisted amusement that comes with bearing witness to its unraveling. Day by day we’re greeted with escalating madness. Indeed, the great fiasco must be taken lightly, so as not to be demoralized by its enormity.
- [The Downright Sinister Rearrangement of Riches](https://economicprism.com/the-downright-sinister-rearrangement-of-riches/) - The discrepancy between low cost consumable goods and living, transportation, medical, and education costs illustrate the true effects of the government’s incessant pilfering of the wage earner, student debtor, and fixed income retiree.
- [Tales from a Late Stage Bull Market](https://economicprism.com/tales-from-a-late-stage-bull-market/) - An endearing quality of a late stage bull market is that it expands the universe of what’s possible. Somehow, rising stock prices make the impossible, possible. They also push the limits of the normal into the paranormal.
- [The Donald Can't Stop It](https://economicprism.com/the-donald-cant-stop-it/) - The President, Donald Trump, is pumped! As Commander in Chief, he believes he possesses divine powers. He can will the stock market higher – and he knows it.
- [Federal Reserve President Kashkari's Masterful Distractions](https://economicprism.com/federal-reserve-president-kashkaris-masterful-distractions/) - Minneapolis Federal Reserve President Neel Kashkari is a man with strong convictions. He’s what the late Eric Hoffer would’ve classified as “the true believer.”
- [Fed Quack Treatments are Causing the Stagnation](https://economicprism.com/fed-quack-treatments-are-causing-the-stagnation/) - There’s something alluring about cure-alls and quick fixes. Who doesn’t want a magic panacea to make every illness or discomfort disappear? Such a yearning once compelled the best and the brightest minds to believe the impossible for over two thousand years.
- [Janet Yellen's 78-Month Plan for the National Monetary Policy of the United States](https://economicprism.com/janet-yellens-78-month-plan-for-the-national-monetary-policy-of-the-united-states/) - Adventures in depravity are nearly always confronted with the unpleasant reality that stopping the degeneracy is much more difficult than starting it. This realization, and the unsettling feeling that comes with it, usually surfaces just after passing the point of no return. That’s when the cucumber has pickled over and the prospect of turning back is no longer an option.
- [To Hell In A Bucket](https://economicprism.com/to-hell-in-a-bucket/) - The federal debt has grown at such a rapid rate that standard dollar units no longer capture what’s going on. The debt numbers are so large it is difficult to distinguish between hundreds of billions and tens of trillions of dollars.
- [The Government Debt Paradox: Pick Your Poison](https://economicprism.com/the-government-debt-paradox-pick-your-poison/) - Over the decades, the entire economy’s been warped by the constant expansion of government debt. Take it away, and the economy crumbles. Continue its current trajectory and the economy blows up.
- [How to Make the Financial System Radically Safer](https://economicprism.com/how-to-make-the-financial-system-radically-safer/) - The best way to regulate banks, lending institutions, corporate finance and the like, is to turn over regulatory control to the very exacting, and unsympathetic, order of the market. That is to have little to no regulations and one very specific and uncompromising provision: There will be absolutely, unconditionally, categorically, no government funded bailouts.
- [Calling Mitch McConnell's Debt Ceiling Bluff](https://economicprism.com/calling-mitch-mcconnells-debt-ceiling-bluff/) - Senate Majority Leader Mitch McConnell woke up on the wrong side of the bed on Monday. Who could blame him? His summer vacation’s been ruined. President Trump’s been riding him all month like a pack mule.
- [Why There Will Be No 11th Hour Debt Ceiling Deal](https://economicprism.com/why-there-will-be-no-11th-hour-debt-ceiling-deal/) - A new milestone on the American populaces’ collective pursuit of insolvency was reached this week. According to a report published on Tuesday by the Federal Reserve Bank of New York, total U.S. household debt jumped to a new record high of $12.84 trillion during the second quarter.
- [How to Prepare for Another Market Face Pounding](https://economicprism.com/how-to-prepare-for-another-market-face-pounding/) - There are certain endeavors in this world that offer little upside for their underlying risk. For instance, taking on $100,000 in student loan debt to pay for a bachelor’s degree in art history is a losing trade. So, too, is giving a Hells Angels biker the middle finger in return for a face pounding.
- [Yanking the Bank of Japan's Chain](https://economicprism.com/yanking-the-bank-of-japans-chain/) - In today’s age, where expedient solutions are demanded, BoJ Governor Haruhiko Kuroda is compelled to do something. But what? He’s already borrowing money into existence and plowing it into the stock market via exchange traded funds (ETFs) at an annual rate of $53 billion.
- [Views from a Top of the Skyscraper Index](https://economicprism.com/views-from-a-top-of-the-skyscraper-index/) - The skyscraper index was first elaborated by Andrew Lawrence in January 1999. The idea is simple enough. The world’s tallest buildings are often completed on or around the onset of economic downturns.
- [Congress's Radical Plan to End Illegal Money](https://economicprism.com/congresss-radical-plan-to-end-illegal-money/) - One of the many downfalls of being the United States Secretary of the Treasury is the requirement to place one’s autograph on the face of the Federal Reserve’s legal tender notes.
- [Adventures in Quantitative Tightening](https://economicprism.com/adventures-in-quantitative-tightening/) - All remaining doubts concerning the place the U.S. economy, and its tangled web of international credits and debts, is headed were clarified this week.
- [Tales from the FOMC Underground](https://economicprism.com/tales-from-the-fomc-underground/) - Many of today’s economic troubles are due to a fantastic guess. That the wealth effect of inflated asset prices would stimulate demand in the economy.
- [Work is for Idiots](https://economicprism.com/work-is-for-idiots/) - Thanks to the Fed, hard work is now for idiots. The dole pays better for more and more people. After that, gambling and gaming schemes offer more opportunity.
- [An Open Letter to William Dudley](https://economicprism.com/an-open-letter-to-william-dudley/) - Dear Mr. Dudley, Your recent remarks in the wake of last week’s FOMC statement were notably unhelpful. In particular, your excuses for further rate hikes to prevent crashing unemployment and rising inflation stunk of rotten eggs.
- [Monetary Madness and Rabbit Consumption](https://economicprism.com/monetary-madness-and-rabbit-consumption/) - One of the many things we didn’t grasp until we became a father was just how exhausting and expensive it is. No vacations. No markdowns. Not even on Father’s Day.
- [The Three Headed Debt Monster That's Going to Rampage the Economy](https://economicprism.com/the-three-headed-debt-monster-thats-going-to-rampage-the-economy/) - The three heads of the consumer debt monster consist of student loans, auto loans, and credit card debt. What makes these debts particularly nasty is that there’s no collateral backing them.
- [Recession Watch Fall 2017](https://economicprism.com/recession-watch-fall-2017/) - Treasury yields are attempting to say something. But what it is exactly is open to interpretation. What’s more, only the most curious care to ponder it.
- [Warnings from Mount Vesuvius](https://economicprism.com/warnings-from-mount-vesuvius/) - Everything was just the way it was supposed to be in Pompeii on August 24, 79 A.D. The gods had bestowed wealth and abundance upon the inhabitants of this Roman trading town. Things were near perfect.
- [The Attack on Workers, Phase II](https://economicprism.com/the-attack-on-workers-phase-ii/) - It’s been a long row to hoe for most workers during the first 17 years of the new millennium. The soil’s been hard and rocky. The rewards for one’s toils have been bleak.
- [How to Stick It to Your Banker, the Federal Reserve, and the Whole Doggone Fiat Money System](https://economicprism.com/how-to-stick-it-to-your-banker-the-federal-reserve-and-the-whole-doggone-fiat-money-system/) - Today we offer a practical, elegant, way that you can stick it to your banker, the Federal Reserve, and the whole doggone fiat money system.
- [The Coming Debt Reckoning](https://economicprism.com/the-coming-debt-reckoning/) - American workers, as a whole, are facing a disagreeable disorder. Their debt burdens are increasing. Their incomes are stagnating.
- [Ludwig von Mises's Century of Validation](https://economicprism.com/ludwig-von-misess-century-of-validation/) - Mises’s efforts to refute market socialist proposals nearly a century ago were explicitly validated with the decline and fall of Soviet socialism. Presently, they’re being openly validated with the utter chaos being heaped upon the people of Venezuela.
- [Simple Math of Bank Horsepucky](https://economicprism.com/simple-math-of-bank-horsepucky/) - One thing that stuck in our craw like a broken chicken bone is the raw deal main street depositors and lenders get from credit unions and commercial banks. In short, the credit system is tilted against them. The rules of the game favor the bankers.
- [Hell To Pay](https://economicprism.com/hell-to-pay/) - Economic nonsense comes a dime a dozen. For example, Federal Reserve Chair Janet Yellen “think(s) we have a healthy economy now.” She even told the University of Michigan’s Ford School of Public Policy so earlier this week. Does she know what she’s talking about?
- [Credit Contraction Episodes](https://economicprism.com/credit-contraction-episodes/) - Taking the path of least resistance doesn’t always lead to places worth going. In fact, it often leads to places that are better to avoid. Repeatedly skipping work to sleep in and living off credit cards will eventually lead to the poorhouse.
- [Failure to Launch](https://economicprism.com/failure-to-launch/) - The future is here and it’s not all it was cracked up to be. For example, one of the great disappointments of the 21st century, thus far, is the lack of flying cars. Wasn’t this supposed to be the signature achievement of Tomorrowland?
- [March to Default](https://economicprism.com/march-to-default/) - The great story of our time, that few seem to appreciate, is the increasing likelihood the U.S. government will default on its debt before the year is over. Of course, this isn’t a certainty. But by simply connecting a dot or two, one can construct a highly plausible scenario where this happens.
- [The Long Run Economics of Debt Based Stimulus](https://economicprism.com/the-long-run-economics-of-debt-based-stimulus/) - Something both unwanted and unexpected has tormented western economies in the 21st century. Gross domestic product (GDP) has moderated onward while government debt has spiked upward. Orthodox economists continue to be flummoxed by what has transpired.
- [A 30 Year Mess in the Making](https://economicprism.com/a-30-year-mess-in-the-making/) - The art and science of spending other people’s money is not an occupation suited to just anyone. Rather, it’s a skill reserved for the professional world-improver. To be successful, one must act with a zealous devotion to uplifting the down and out, no matter the cost.
- [The Dow Speaks: "In Trump We Trust!"](https://economicprism.com/the-dow-speaks-in-trump-we-trust/) - Never in our lives can we recall of a market that over appreciated the abilities of one man to the extent of today’s market. The words spoken by the Dow are, “In Trump We Trust!”
- [The Art and Pseudoscience of Monetary Policy](https://economicprism.com/the-art-and-pseudoscience-of-monetary-policy/) - Everyone’s got a plan for sale these days. In fact, there are so many plans out there we cannot keep up with them all. Eat celery sticks and lose weight. Think and grow rich. Stocks for the long run. Naturally, plans like these run a dime a dozen.
- [When Trumponomics Meets Abenomics](https://economicprism.com/when-trumponomics-meets-abenomics/) - What will President Trump and Japanese Prime Minister Shinzo Abe talk about when they meet later today? Will they gab about what fishing holes the big belly bass are biting at? Will they share insider secrets on what watering holes are serving up the stiffest drinks?
- [Don't Blame Trump When the World Ends](https://economicprism.com/dont-blame-trump-when-the-world-ends/) - You may love the man. You may hate him. But the fact is, President Trump has been dealt the worst hand of any incoming U.S. President since James Buchanan – or maybe ever.
- [Adventures in Currency Debasement](https://economicprism.com/adventures-in-currency-debasement/) - Currencies, both north and south of the Rio Grande, ain’t what they use to be. Several generations ago they were as reliable as a rooster’s call at dawn. Now they’re as crooked as a politician’s spine. We know this not by reading the history books, nor by hearsay, but by the honest, verifiable, silver dollar and silver peso we’re holding in our hands.
- [The Right Stuff](https://economicprism.com/the-right-stuff/) - Things are looking up for the United States economy in 2017. You can just feel it. Something great is about to happen.
- [Trump's Plan to Close the Trade Deficit with China](https://economicprism.com/trumps-plan-to-close-the-trade-deficit-with-china/) - Jack Ma is an amiable fellow. Back in 1994, while visiting the United States he decided to give that newfangled internet thing a whirl. At a moment of peak inspiration, he executed his first search engine request by typing in the word beer.
- [The Great El Monte Public Pension Swindle](https://economicprism.com/the-great-el-monte-public-pension-swindle/) - There are places in Southern California where, although the sun always shines, they haven’t seen a ray of light for over 50-years. There’s a no man’s land of urban blight along Interstate 10, from East Los Angeles through the San Gabriel Valley, where cities you’ve never heard of and would never go to, are jumbled together like shipping containers on Terminal Island. El Monte, California, is one of those places.
- [Global Recession and Other Visions for 2017](https://economicprism.com/global-recession-and-other-visions-for-2017/) - Today’s a day for considering new hopes, new dreams, and new hallucinations. The New Year is here, after all. Now is the time to turn over a new leaf and start afresh.
- [Wreck the Halls](https://economicprism.com/wreck-the-halls/) - Despite the best efforts of the bulls to make history happen, they’ve been unable to ‘git-r-done.’ At the time of this writing, the DOW is facing another bout of arrested development; it has yet to notch 20,000 for the very first time.
- [Has the Fed Turned "Hawkish?"](https://economicprism.com/has-the-fed-turned-hawkish/) - Stimulus, in a general sense, is something that causes an action or response. A ringing alarm clock may prompt someone to exit their slumber. Or a fist to the gut may force someone to gasp for breath.
- [Smart Programs of Capital Destruction](https://economicprism.com/smart-programs-of-capital-destruction/) - These days everything must be smart. There are smart cities, smart grids, smart policies, smart TVs, smart cars, smartphones, smart watches, smart shoes, and smart glasses. There’s even something called smart underwear.
- [Attaining Self-Destruct Velocity](https://economicprism.com/attaining-self-destruct-velocity/) - One popular rationale for deficit spending by economic policy makers is that the effects of the fiscal stimulus will allow the economy to achieve escape velocity. Under such a scenario, the economy would, somehow, be able to grow its way out of debt; the percentage of debt to GDP would come down.
- [Sinners and Saints](https://economicprism.com/sinners-and-saints/) - Ordinary ideals of Americana range as far and wide as the North American continent. The valued conviction of one American vastly differs from that of another. Joe from Santa Fe may have little connection with Joe in South Bend or Joe in South Boston.
- [Putting an End to the Regulatory Industry](https://economicprism.com/putting-an-end-to-the-regulatory-industry/) - Corporate life in America these days is fraught with tedium. First the MBAs imposed their silly six sigma processes and reduced workers to mere widgets. Then the regulators went through and squashed out any fun that remained.
- [Donald Trump's Plan for Economic Salvation](https://economicprism.com/donald-trumps-plan-for-economic-salvation/) - One of the unspoken joys in life is the rich pleasure that comes with bearing witness to a career politician – a shrew no less – as they fail spectacularly. Tuesday night served up one of these unique experiences with sumptuous fare. No doubt, the world is a better place because of it.
- [The One Thing that Will Change Everything](https://economicprism.com/the-one-thing-that-will-change-everything/) - The American populace counts down to Election Day with impatient intent. Will their party man occupy the White House come January 21, 2017? Or will their party woman occupy a federal prison cell?
- [Meddling with Markets for Work and for Pleasure](https://economicprism.com/meddling-with-markets-for-work-and-for-pleasure/) - The popular economic theme being reported by the popular press still remains. That the economy is grinding higher. That growth is improving, albeit slowly. That blue skies are just over the horizon.
- [Prepare for the Unthinkable](https://economicprism.com/prepare-for-the-unthinkable/) - Welcome to France circa 1788. The unthinkable’s about to happen. Have you stocked your provisions for the long winter ahead?
- [Meet Your New Stimulus Allocation Czar](https://economicprism.com/meet-your-new-stimulus-allocation-czar/) - Summers, unquestionably, is laying the groundwork for the next great fiscal debt binge. Fiscal stimulus, via infrastructure spending, is his supposed panacea. Perhaps Summers is also carving out his future niche as an appointed stimulus allocation czar.
- [Doomed for Failure](https://economicprism.com/doomed-for-failure/) - We’ve been waiting for the U.S. economy to reach escape velocity for the last six years. What we mean is we’ve been waiting for the economy to finally becomes self-stimulating and no longer require monetary or fiscal stimulus to keep it from stalling out. Unfortunately, this may not be possible the way things are going.
- [Mass Money Debauchery](https://economicprism.com/mass-money-debauchery/) - The present day offers the opportunity for many incredible experiences. Perhaps one of the most rewarding of all is bearing witness to the final days before the greatest economic crackup the world’s ever known. Not since Nero clipped coins in 64 A.D. and fiddled as Rome burned has there been such an intolerable collection of dingleberries in imperial office.
- [Harvard Report Whiffs on Fed Price Fixing Scheme](https://economicprism.com/harvard-report-whiffs-on-fed-price-fixing-scheme/) - This month the bright fellows at Harvard Business School came out with a new report. “Problems Unsolved and a Nation Divided,” is the title.
- [Why the Fed Destroyed the Market Economy](https://economicprism.com/why-the-fed-destroyed-the-market-economy/) - Swing voters are a fickle bunch. One election they vote Democrat. The next they vote Republican.
- [Hanjin Marooning in San Pedro Bay](https://economicprism.com/hanjin-marooning-in-san-pedro-bay/) - Offshore, in the near waters of San Pedro Bay, framed by an incandescent sunset dipping behind the Palos Verdes Peninsula, drifted several marooned Hanjin vessels.
- [Shrewd Financial Analysis in the Year 2016](https://economicprism.com/shrewd-financial-analysis-in-the-year-2016/) - “Markets make opinions,” says the old Wall Street adage. Perhaps what this means is that when stocks are going up, many consider the economy to be going great. Conversely, when stocks tank it must be because the economic sky is falling.
- [The Number One Factor Influencing Fed Monetary Policy](https://economicprism.com/the-number-one-factor-influencing-fed-monetary-policy/) - A brief scan of the financial and economic landscape – both in the U.S. and abroad – offers ample confirmation that we are in the midst of a great reset. From a feint tickle at the turn of the new millennium to a persistent itch a decade ago, the preponderance of evidence in this regard is now much too painful to ignore. There’s no denying that things ain’t right.
- [Yarns, Mysteries, and the CPI](https://economicprism.com/yarns-mysteries-and-the-cpi/) - Somehow, even with money supply inflation rapidly outpacing population growth, consumer prices are holding steady. Make of it what you will. The point is, the veracity of the CPI report is suspicious…regardless of if you can get a really good laptop for only $500.
- [The Great Stock Market Swindle](https://economicprism.com/the-great-stock-market-swindle/) - Finding and filling gaps in the market is one avenue for entrepreneurial success. Obviously, the first to tap into an unmet consumer demand can unlock massive profits. But unless there’s some comparative advantage, competition will quickly commoditize the market and profit margins will decline to just above breakeven.
- [Laurence Kotlikoff for President](https://economicprism.com/laurence-kotlikoff-for-president/) - Kotlikoff’s researched, studied, and contemplated the fiscal gap more than just about anyone. He’s forgotten more about it than Clinton and Trump will ever know combined. He’s also one of the few academic economists to speak truthfully about the unfavorable facts facing Americans.
- [Visions of Tomorrow from the Permanently High Plateau](https://economicprism.com/visions-of-tomorrow-from-the-permanently-high-plateau/) - Somewhere, someone first said “bull markets don’t die of old age.” We suppose this throwaway phrase was first uttered in a time and place much like today. That is, in the midst of a protracted bull market where stock prices had detached from the assets and earnings of companies their shares represent claim to.
- [More Signs the End is Nigh](https://economicprism.com/more-signs-the-end-is-nigh/) - One interim scenario is that some stock market investors will believe they’re getting rich. There’s no telling what sort of mania could be propelled by the dual effect of perpetually low interest rates and perpetually braindead central bankers…or how many points outright debt monetization could add to the DOW.
- [Destination Mars](https://economicprism.com/destination-mars/) - One of the more preposterous deeds of modern central banking involves creating digital monetary credits from nothing and then using the faux money to purchase stocks. If you’re unfamiliar with this erudite form of monetary policy this may sound rather fantastical. But, in certain economies, this is now standard operating procedure.
- [Larry Summers Wants to Give You a Free Lunch](https://economicprism.com/larry-summers-wants-to-give-you-a-free-lunch/) - The existing capital stock continues to be frittered away at the expense of savers and retirees. Nonetheless, central bankers don’t give a doggone about it. This, after all, is one consequence of roughly eight years of near zero interest rate policy.
- [Celebrating this Land of Absurdity](https://economicprism.com/celebrating-this-land-of-absurdity/) - Monday is Independence Day. By now many Americans have clocked off early for the weekend to celebrate the occasion. We’re not here to bemoan America’s devolution into absurdity.
- [Quitting the Cucumber Affair](https://economicprism.com/quitting-the-cucumber-affair/) - The simple fact is smaller decentralized governments offer greater opportunity for preserving individual freedoms and liberties. Delegating economic sovereignty to technocrats in Brussels subjected Britain to the most ridiculous requirements. Some may be petty or inane, in and of themselves. But taken together they’re remarkably repressive.
- [Down Goes the Hopes and Dreams of Three Generations](https://economicprism.com/down-goes-the-hopes-and-dreams-of-three-generations/) - The yield on the 10-Year Treasury note’s accelerating its descent toward zero. The last we checked the yield was at about 1.56 percent. But in every practical sense, for income investors, a yield of 1.56 percent may as well be zero.
- [How Capital is Allocated in 2016](https://economicprism.com/how-capital-is-allocated-in-2016/) - Distilling down and projecting out the economy’s limitless spectrum of interrelationships is near impossible to do with any regular accuracy. The inputs are too vast. The relationships are too erratic.
- [Guided By Nonsense](https://economicprism.com/guided-by-nonsense/) - Income, labor, inflation, these are the “key metrics” the Federal Reserve uses to inform their federal funds rate decision. Is there any question why they dither and dawdle over what it is they think they are doing?
- [How Elon Musk Empowers Fools to Part Ways with Their Money](https://economicprism.com/how-elon-musk-empowers-fools-to-part-ways-with-their-money/) - Tesla Motors is up to something remarkable. But what it is, exactly, is unclear. According to the Tesla Motors website, the company’s mission is: to accelerate the world’s transition to sustainable transport.
- [How to Maximize Economic Potential](https://economicprism.com/how-to-maximize-economic-potential/) - Problems, as people commonly perceive them, require solutions. Broken shoelaces must get fixed. Regrettably, in today’s democracy this means the candidate who offers the most fixes – in the form of goodies – to the most people wins the election.
- [Even Death Won't Save Us](https://economicprism.com/even-death-wont-save-us/) - Rubbernecking at the economic train wreck of central planners is not without hazard. A strained collar and dry eyes, for instance, are common perils. So, too, is the lasting grimace of disbelief that comes with the rollout of each zany scheme to save us from ourselves.
- [The Cure is Worse than the Disease](https://economicprism.com/the-cure-is-worse-than-the-disease/) - Such is the fate of a planned economy, with fixed credit markets, and an elastic currency. Slow growth, and soon no growth, coupled with rising corporate debt and falling operating cash flow is the Frankenstein economy Ben Bernanke and Hank Paulson gifted us. The net result: the cure is worse than the disease.
- [Gold Stampede Imminent](https://economicprism.com/gold-stampede-imminent/) - The mass impulse of a cattle stampede can be triggered by something as innocuous as a blowing tumbleweed. A sudden startle, or a perceived threat, is all it takes to setoff this mass uncontrolled running. Once the herd collectively begins charging in one direction it’ll eliminate everything in its path.
- [Rational Insanity](https://economicprism.com/rational-insanity/) - Like the Ouroboros, the mythical serpent eating its own tail, we’re rapidly consuming our future. Yet at the same time stocks keep going up. DOW 18,200 is the next target. It’s utterly insane.
- [Double Whammy Economics](https://economicprism.com/double-whammy-economics/) - No doubt, the double whammy of choking off economic growth and puffing up financial assets has destructive financial and economic consequences. Presently, we’re discovering a little more each day their damaging effects. Soon their full destruction will come to bear.
- [No Guarantees of Success](https://economicprism.com/no-guarantees-of-success/) - Stock picking is an exercise in humility. Ask anyone who has tried it. Chances are their best ideas have gone against them more frequently than they’d care to admit.
- [The Other Problem with Debt No One is Talking About](https://economicprism.com/the-other-problem-with-debt-no-one-is-talking-about/) - The other problem with expanding consumer debt that is rarely, if ever, mentioned is that it accompanies expanding waste lines. You can chart the strength of the relationship over time with a near perfect +1.0 positive correlation. Why is this?
- [Deficit Spending is Not the Answer](https://economicprism.com/deficit-spending-is-not-the-answer/) - Central bankers and monetary adherents the world over are united in the common grouse that fiscal policy is lacking. Grander programs of direct stimulation are needed, they grumble. Monetary policy alone won’t cut the mustard, they gripe.
- [Why Janet Yellen is Toast](https://economicprism.com/why-janet-yellen-is-toast/) - The fact that Yellen still spews this nonsense is intolerable and insulting. This, among other reasons, is why she is toast. Her four-year appointment is set to end in February 2018. We suspect she won’t make it much past the next Presidential inauguration.
- [No Free Lunches Be Damned](https://economicprism.com/no-free-lunches-be-damned/) - “There ain’t no such thing as a free lunch,” is one of the essential axioms of economics. No doubt about it, there’s no getting around this simple truth. Everything has a price.
- [Alan Greenspan's Pickled Economy](https://economicprism.com/alan-greenspans-pickled-economy/) - Greenspan, bar none, perpetuated this wealth confiscation scheme with great proficiency. Any remorse he now has is too little too late. Like a pickled cucumber, his actions, and the actions of his predecessors, can never be undone.
- [Day of Reckoning Imminent](https://economicprism.com/day-of-reckoning-imminent/) - Gold to paper currency conversion once limited the Federal Reserve’s money creation games. But that was before the U.S. severed the dollar’s relationship to gold and commenced the dollar reserve standard. Prior to 1971, a foreign bank could exchange $35 with the U.S. Treasury for an ounce of gold. After that, when foreign banks handed the U.S. Treasury $35, they received $35 in exchange.
- [Welcome to the New Dark Ages](https://economicprism.com/welcome-to-the-new-dark-ages/) - The popular notion that the economy’s doing just fine is losing acceptance with each passing week. Politicians, central bankers, brokers, and even the nightly news broadcasters can no longer pretend everything’s going according to script. All at once, no one can remember their lines.
- [Less than Zero](https://economicprism.com/less-than-zero/) - On Tuesday, when the Nikkei dropped over 5 percent, the yield on Japan’s 10-year government bond dropped to minus 0.005 percent. This marked the first time in the history of government debt that the yield on a G7 country’s 10-year bond has been less than zero. We are lucky to be alive to bear witness to the absurdity.
- [China’s $6.6 Trillion Toxic Loan Problem](https://economicprism.com/chinas-6-6-trillion-toxic-loan-problem/) - The state of economic activity in China is stalling out. All of the sudden, the mistakes that were hidden by a growing economy are surfacing en masse. Excess capacity is turning up in all corners of the economy and no one knows what to do about it.
- [Something’s Gone Horribly Awry](https://economicprism.com/somethings-gone-horribly-awry/) - Clearly, something’s gone horribly awry. Hard work, perseverance, and ingenuity likely have something to do with the shiny streets. Conversely, sloth, drug abuse, and mental defectives likely have something to do with the blighted streets. But we also have an inkling that 20 years of activist Fed policy has left its marks all over both.
- [Chasing the Wild Goose in Davos](https://economicprism.com/chasing-the-wild-goose-in-davos/) - The simple fact is the planners’ solutions to the problems their policies created in the first place result in even greater problems…and even greater solutions. In short, their cure is worse than the disease. Nonetheless, they’ll never give up chasing the wild goose.
- [Earthquake Economics](https://economicprism.com/earthquake-economics/) - “The United States of America, right now, has the strongest, most durable economy in the world,” said President Obama, in his State of the Union address, on Tuesday night. What performance metrics he based his assertion on is unclear. But we’ll give him the benefit of the doubt.
- [The Muted Delight of the Forthcoming Recession](https://economicprism.com/the-muted-delight-of-the-forthcoming-recession/) - One of the many delights in life is watching a public figure step up to the plate, pound their chest, let out a bellow, and fail spectacularly. In this regard, we may be witnessing an epic fail by Fed Chair Janet Yellen. For she may be hiking rates at the very moment the economy’s entering recession.
- [Who Will Be President and Other Hunches for 2016](https://economicprism.com/who-will-be-president-and-other-hunches-for-2016/) - The New Year is here. The slate’s been wiped clean. New hopes. New dreams. They’re all accessible. They’re all within reach. No doubt, 2016 will be the year you get everything you deserve in life. But what else will happen?
- [Doom and Gloom for North American Oil Producers](https://economicprism.com/doom-and-gloom-for-north-american-oil-producers/) - To the dismay of U.S. shale producers, oil prices continue their long slow slide into the abyss. Perhaps the current price of $35 per barrel – an 11 year low – is the final destination. More than likely, however, it’s a brief reprieve before the next descent.
- [Christmas Edition](https://economicprism.com/christmas-edition/) - On this special day of redemption and reconciliation, we take pause from our usual reflections on the economy and financial markets. It’s Christmas Day, after all. Why not keep things merry?
- [When Preparation Meets Opportunity](https://economicprism.com/when-preparation-meets-opportunity/) - After years of preparation our endeavors have ever so slightly slipped to within luck’s nexus. Hence, after endlessly grasping for something – anything – to hold on to, we’ve finally lucked into the finger hold we’ve needed to pull up from.
- [Life After ZIRP](https://economicprism.com/life-after-zirp/) - The point is financial markets were so disfigured over the last seven years that ZIRP stopped being accommodative. Markets adjusted to the cheap credit and became dependent upon it. So now that it’s finally gone, if ever so slightly, its lasting effect will remain.
- [The Fed’s Stars Never Aligned](https://economicprism.com/the-feds-stars-never-aligned/) - While Yellen was waiting for the economic stars to align her opportunity to raise rates came and went. Now the weak recovery appears to be rolling over and the federal funds rate is still near zero.
- [Fighting the Suck in China](https://economicprism.com/fighting-the-suck-in-china/) - As China’s economy continues to slow, and exports further dwindle, the deflationary pressure will suck inward until something finally gives. The great Yuan implosion will follow.
- [Money Velocity Lethargy](https://economicprism.com/money-velocity-lethargy/) - The point is, while the money supply has greatly expanded over the last 7-years, the velocity of money has been lethargic. Perhaps this is why consumer price inflation – as calculated by the Bureau of Labor Statistics – is practically non-existent. This may also be why gold’s price, which peaked around $1,900 an ounce in 2011, is currently at about $1,075. That’s over 43 percent off its high.
- [Joe Sixpack’s Painful Plight](https://economicprism.com/joe-sixpacks-painful-plight/) - Joe Sixpack’s lot in life hasn’t improved. In fact, in many ways it has gotten worse. For example, before the Great Recession Joe Sixpack drank Budweiser beer paid for with cash. Now he drinks Boone’s Farm Strawberry Hill purchased on credit.
- [Significant Yuan Devaluation Imminent](https://economicprism.com/significant-yuan-devaluation-imminent/) - Deflationary pressure from China’s slowing economy continues to build up against the yuan. In fact, a significant devaluation in the very near future is becoming more and more likely.
- [Salting the Economy to Death](https://economicprism.com/salting-the-economy-to-death/) - One popular delusion that won’t seem to go away is the notion that policy makers can stimulate robust economic growth by setting interest rates artificially low. The general theory is that cheap credit compels individuals and businesses to borrow more and consume more. Before you know it, the good times are here again.
- [From Here to Eternity](https://economicprism.com/from-here-to-eternity/) - For the first time in 80 years, vast numbers of hardworking, industrious people are finding themselves up the creek without a paddle. Buying a home, paying college tuition, and squirrelling away a few nuts for retirement has become discouragingly difficult. What’s more, the presumed benefit of these endeavors has become ever more suspect.
- [The Long, Cold Winter Ahead](https://economicprism.com/the-long-cold-winter-ahead/) - Cold winds of deflation gust across the autumn economic landscape. Global trade languishes and commodities rust away like abandoned scrap metal with a visible dusting of frost. The economic optimism that embellished markets heading into 2015 have cooled as the year moves through its final stretch.
- [The Next Frauds to Come Down the Turnpike](https://economicprism.com/the-next-frauds-to-come-down-the-turnpike/) - The general suspicion that something just ain’t right with the economy has become an obvious reality. Hope and optimism that somehow things will muddle along, or improve, are fading. You can see it, feel it, and even smell it.
- [Is Janet Yellen a Jenny Ass?](https://economicprism.com/is-janet-yellen-a-jenny-ass/) - Federal Reserve Chair Janet Yellen’s at the top of her game. She knows exactly what to do. She’s a PhD economist, after all. Her various affiliations with the Fed go back nearly 40 years. She knows what the correct Fed response is for every situation. She knows all.
- [Before the Devil Knows You’re Dead](https://economicprism.com/before-the-devil-knows-youre-dead/) - Something rather strange is going on. Ten year Treasury yields and gold are simultaneously envisaging inflation and deflation. Yields on the ten year Treasury note have jumped from 1.98 percent to 2.34 percent during the last 30 days. Gold’s price, on the other hand, has dropped about $100 an ounce during this same time.
- [Another Government Ponzi Scheme Starts to Crack – Do You Depend on It?](https://economicprism.com/another-government-ponzi-scheme-starts-to-crack-do-you-depend-on-it/) - Government employees get to do a lot of things that would land an ordinary citizen in prison. For example, it’s legal for them to threaten and commit offensive, rather than defensive, violence. They can take property from others without their consent. They spy on anyone’s email and bank accounts whenever they please. They go into trillions of dollars in debt and then stick the unborn with the bill.
- [Garbage In Garbage Out Economics](https://economicprism.com/garbage-in-garbage-out-economics/) - The fundamental problem facing today’s economy is the flagrant contempt by governments the world over for the free exchange of goods and services and private stewardship of property. Perhaps it is power and control governments are after. Maybe they believe they are improving the economy and making the world a better place for all.
- [The Exhilarating Romp to DOW 30,000](https://economicprism.com/the-exhilarating-romp-to-dow-30000/) - To the chagrin of central bankers the world over, and quacks like Larry Summers, further monetary stimulus will not stimulate the economy. That is the experience of the last seven years. Despite massive monetary insanity the economy’s lurched about like a dipsomaniac in search of a solid footing. So while additional monetary stimulus won’t stimulate the economy, it will stimulate additional stock price distortions and asset price bubbles.
- [Constructive Simplicity for China’s Communist Party Plenum](https://economicprism.com/constructive-simplicity-for-chinas-communist-party-plenum/) - This week leaders of China’s Communist Party are going to hold hands and collectively bang their heads against the wall in unison. They call it their plenum. From what we gather, one of the main purposes of the gathering is to outline a five year plan to scale back the role of the state.
- [Lost in Extrapolation](https://economicprism.com/lost-in-extrapolation/) - In the late 1970s the impossible happened. Inflation and unemployment simultaneously went vertical. The leading economists of the day were flummoxed. The Phillips curve said there’s an inverse relationship between inflation and unemployment. When unemployment goes down, inflation goes up. Conversely, when unemployment goes up, inflation goes down.
- [Economic Profanity](https://economicprism.com/economic-profanity/) - The global economy everyone has known since the late 1980s is being stood on its head. Symbiotic relationships of production and consumption, of savings and debt, of eastern and western push and pull are backing up. For 2015, net outflows from emerging markets are projected at $540 billion.
- [Abolish the Federal Debt Limit](https://economicprism.com/abolish-the-federal-debt-limit/) - Preferably, the federal debt limit should be abolished. Why pretend there’s any inkling of fiscal responsibility? Then, without any lasting restraint, the government can spend us to complete oblivion. Only then can freedom and personal responsibility finally supersede big government and entitlement programs.
- [The Deep State](https://economicprism.com/the-deep-state/) - The American Deep State is a real, but informal, structure that has arisen to not just profit from, but control, the State. The Deep State has a life of its own, like the government itself. It’s composed of top-echelon employees of a dozen Praetorian agencies, like the FBI, CIA, and NSA...top generals, admirals, and other military operatives...long-term congressmen and senators...and directors of important regulatory agencies.
- [Potato Sack Economics](https://economicprism.com/potato-sack-economics/) - More and more digital monetary credits are thus needed each month just to stand still. Take away the cheap credit for just a moment and everything slumps over like a sack of potatoes. Seven years of ZIRP have distorted financial markets to the point where a zero bound federal funds rate has become restrictive. The dollar keeps going up relative to other currencies.
- [More Monetary Policy Madness](https://economicprism.com/more-monetary-policy-madness/) - By the account of any sober, clearheaded observer, the capital misallocations of the boom years must be reckoned and there’s not a thing the Fed can do about it. Nor should they. Dictating Fed policy to prop up the waning demand for concrete in China is utter madness. But that is the direction Fed Chair Yellen is taking us.
- [Black Swan Fledgling – The Debt Crisis Takes Flight](https://economicprism.com/black-swan-fledgling-the-debt-crisis-takes-flight/) - The Fed, of course, was the primary instigator of ultralow interest rates. They thought they could induce an economic boom. Instead they incubated the next debt crisis. No doubt, somewhere a black swan has hatched. Soon it will fledge the nest and take flight.
- [Oil Debt Bubble Facing Total Collapse](https://economicprism.com/oil-debt-bubble-facing-total-collapse/)
- [Brazilian Model for Wealth and Prosperity](https://economicprism.com/brazilian-model-for-wealth-and-prosperity/) - If you can believe it, the real’s rapid loss of value against the dollar has created a new economic boom of sorts. However, instead of mining and exporting commodities to China, Brazil has hitched its wagon to a new horse. Namely, Brazilian butt lifts and tummy tucks.
- [Command and Control Economics](https://economicprism.com/command-and-control-economics/) - Command and control of the U.S. economy is much looser than the Soviet Unions was. But it does share a common theme. Price fixing is central to its execution. Of course, the U.S. approach is largely hidden from the average lay person.
- [Money—How to Get It and Keep It](https://economicprism.com/money-how-to-get-it-and-keep-it/) - Even if you are already wealthy, some thought on this topic is worthwhile. What would you do if some act of God or of government, a catastrophic lawsuit, or a really serious misjudgment took you back to square one? One thing about a real depression is that everybody loses.
- [The Prelude to QE4](https://economicprism.com/the-prelude-to-qe4/) - Later this week the Fed will announce if they will finally raise the federal funds rate like they said they would. No doubt, Wall Street is banking the Fed will hold off. They fear that grossly inflated stock prices, a lackluster economy, and the end of ZIRP could be the triple edged axe that cuts financial markets off at the knees.
- [Amplified Losses](https://economicprism.com/amplified-losses/) - At the moment, the timing of the next Fed rate increase is uncertain. Obviously, the Fed must raise rates at some point. When they do, it’s almost guaranteed there’ll be some big bets that will go bad. However, the frequency of these financial blowups happening has been dramatically increased by the Fed’s muddled guidance.
- [This is War](https://economicprism.com/this-is-war/) - Each country’s financial minister will pretend to consider their actions within the context of the global economy. But don’t fool yourself. When push comes to shove they’ll do whatever they want whenever they want in the best interest of their country. Thus prepare for more surprise currency devaluations and interest rate adjustments. After all, this is war.
- [Good Riddance](https://economicprism.com/good-riddance/) - Central bank policies of mass money debasement are doomed. If not, they should be. Stocks, puffed up by an accelerating stream of Fed gas, cannot go up forever. Similarly, government deficits cannot be rolled over year after year indefinitely. “If something cannot go on forever, it will stop,” says Herbert Stein’s Law.
- [The Chinese Fiasco](https://economicprism.com/the-chinese-fiasco/) - The illusion to the central planners in China is that they can whittle their economy like a soft piece of drift wood. One cut here. A notch there. They believe they can sculpt it to their liking.
- [Manna from Heaven](https://economicprism.com/manna-from-heaven/) - Time and time again the Fed has pumped up financial markets that were in dire need of going down. They did so after Black Monday, the Gulf War, the Mexican crisis, the Asian crisis, the Long Term Capital Management crisis, Y2K, the burst of the internet bubble, the 9/11 attacks, the 2008 credit crisis, and repeatedly since the housing bust and into the present.
- [All Bets Are Off](https://economicprism.com/all-bets-are-off/) - Big bank failures and extreme and emergency government intervention into markets and the economy are next. After that…all bets are off.
- [The Fed’s Edifice Crumbles Away](https://economicprism.com/the-feds-edifice-crumbles-away/) - At the moment, it appears the Fed's artificial edifice is starting to crumble. In fact, the DOW is down 1,360 points – over 9 percent – since mid-May. The stock market’s decline appears to also be gaining momentum. For instance, just yesterday, the DOW rolled over in the gutter…dropping 358 points.
- [Doug Casey on the Real FIFA Scandal](https://economicprism.com/doug-casey-on-the-real-fifa-scandal/) - What’s really scandalous about the FIFA affair isn’t the alleged corruption, but the US government’s reaction to it. Nobody, anywhere, seems to be asking how the US can not only unilaterally bring charges, but then extradite foreign citizens to stand trial in the US. And for things that aren’t even real crimes. Without a peep from anyone.
- [The Fatal Dangers of a Fading Bull Market Run](https://economicprism.com/the-fatal-dangers-of-a-fading-bull-market-run/) - For American investors, gazing out across the fading twilight of an epic six year bull market run, it’s best to stay put, behind the metal bars and outside of harm’s way. Even a quick venture beyond the protected area for a close up gander can be fatal.
- [Are You Prepared for a Slow Growth Economy?](https://economicprism.com/are-you-prepared-for-a-slow-growth-economy/) - It is advisable to prepare now, if you haven’t already, and plan accordingly. Reduce debt. Hold some cash outside the banking system. Acquire several streams of income. These are all good places to start.
- [Nothing Fails Like Success](https://economicprism.com/nothing-fails-like-success/) - The high water mark for the Stroh family was reached in the late 1980s. The great shortcomings of the Schaefer and Schlitz acquisitions were the acquisitions themselves…they were financed with large amounts of debt rather than savings. Peter Stroh had gotten too big for his britches.
- [The Twisted Tale of Consumers and Producers](https://economicprism.com/the-twisted-tale-of-consumers-and-producers/) - “Every man is a consumer, and ought to be a producer,” observed 19th century philosopher Ralph Waldo Emerson. “He is by constitution expensive, and needs to be rich.” These days Emerson’s critical insight has been tipped up on end. Producers and consumers alike are getting squeezed in a giant vise in the year 2015.
- [Deflation with a Capital D](https://economicprism.com/deflation-with-a-capital-d/) - Job losses. Mine closures. Downsizing. A commodity-price slump. This is deflation with a capital D…and once it starts, it feeds on itself.
- [The Perfect Storm Bearing Down Upon Us](https://economicprism.com/the-perfect-storm-bearing-down-upon-us/) - A perfect storm, if you recall, refers to an event where a rare confluence of circumstances result in an event of unusual magnitude. Here at the Economic Prism we watch, and prepare…and set our rigging tight for the perfect storm bearing down upon us.
- [The Barbarous Relic takes a Beating](https://economicprism.com/the-barbarous-relic-takes-a-beating/) - Maybe we’ve had it all wrong. Perhaps gold really is just a barbarous relic. The sort of thing grunting Neanderthals with whale bones pierced through their nasal septum traded for pigeon feathers. But we also know from the history book that all paper money is eventually reduced to its two final intrinsic values: fire kindling or toilet paper. Through the ages gold has persisted…this latest beating will hardly phase it.
- [China’s Exercise in Futility](https://economicprism.com/chinas-exercise-in-futility/) - China’s emergency intervention to prop up the stock market is but an exercise in futility. As corporate profits continue to decline, it will become more and more difficult to keep the stock market inflated. Bankruptcies, bailouts, and market panics will increase.
- [Will We Get the 1930s or 1970s?](https://economicprism.com/will-we-get-the-1930s-or-1970s/) - The effects of the great monetary experiment that’s currently underway will exasperate these swings. Will we get the 1930s or will we get the 1970s? In other words, will we get inflation or deflation? The answer to this question is critical.
- [Why the End of Uruguayan-Argentinian Bank Secrecy is Good News for Expats](https://economicprism.com/why-the-end-of-uruguayan-argentinian-bank-secrecy-is-good-news-for-expats/) - For expats who can physically reside in Uruguay but can earn money outside of the Uruguayan economic system, life will be great here and I would highly recommend you consider planting a flag.
- [Playing the Hand Dealt](https://economicprism.com/playing-the-hand-dealt/) - Germany is not the evil creditor. Greece is not the malevolent spendthrift. They are both just playing the hand they’ve been dealt.
- [The Ghost of Mao Zedong](https://economicprism.com/the-ghost-of-mao-zedong/) - Mao Zedong, the Chinese Communist revolutionary and founding father of the People’s Republic of China, must be grinning in his grave. His ghost just made an epic heist.
- [How the World Becomes Unrecognizable](https://economicprism.com/how-the-world-becomes-unrecognizable/) - When the melt down finally heats up in earnest it’ll become strikingly obvious that the Fed’s games – and other central banks too – were not at all worth it. The fundamental fact is any jobs the cheap credit was supposed to create were meager. They probably weren’t the Fed’s doing to begin with. What’s more, many of the jobs created during the recovery will vaporize before the cycle play out.
- [Stars and Stripes](https://economicprism.com/stars-and-stripes/) - Freedom. Liberty. Independence. Representative government. Sound money. Honest politicians. A humble and esteemable populace. The United States has it all. We must pinch ourselves to make sure we aren’t dreaming. Red, white, and blue. Old Glory. Stars and stripes. Happy Fourth of July. Celebrate it with all you’ve got!
- [The Economic Alamo](https://economicprism.com/the-economic-alamo/) - The world’s tax havens are the economic Alamo—the last holdout against world economic domination. In a few years, we’ll know whether they’ve succeeded in preserving economic freedom for the future.
- [Foundation for Massive Wealth](https://economicprism.com/foundation-for-massive-wealth/) - The best time to stock up on fire wood is before the temperatures drop. Not after. In fact, we can’t think of a better time to stock pile some cash than today. Both in your bank account…and in your mattress. You’ll sleep well having an emergency stash under your pillow. You’ll also lay the foundation for massive wealth, by having cash available to scoop up the big discounts when everyone else declares bankruptcy.
- [Looming Greek Default is the IMF’s Problem](https://economicprism.com/looming-greek-default-is-the-imfs-problem/) - The marvelous plot of late is that Greece owes the International Monetary Fund a €1.6 billion ($1.82 billion) payment, which is due on June 30. According to Greece’s chief negotiator, Euclid Tsakalotos?, “we haven’t got the money to pay the IMF at the end of this month.” Clearly, in this case, it’s the IMF that has a problem.
- [Lost in Transmission](https://economicprism.com/lost-in-transmission/) - This transmission effect, or lack thereof, in central banking parlance is called pushing on a string. The central bank pushes on one end of the string by expanding the money supply and the other end of the string, which is represented by the money’s entry into the economy, doesn’t budge. The inflation’s lost in transmission.
- [Going Boldly from Decent to Indecent](https://economicprism.com/going-boldly-from-decent-to-indecent/) - During times of crisis all bets are off. Government officials will do the expedient. They’ll run massive deficits. They’ll inflate the currency. They’ll confiscate property. Moreover, they’ll provoke wars abroad.
- [Riding the Waves](https://economicprism.com/riding-the-waves/) - Our old friend Robert Prechter of Elliott Wave International has been following market wave patterns for over 35 years. He believes markets trend in five waves and retrace in three waves.
- [Hillary Clinton Duh? No Duh!](https://economicprism.com/hillary-clinton-duh-no-duh/) - Hillary Clinton’s condescending utterances have received so much gratuitous applause from Liberals over the years that it is now fatiguing to muster dissent. What the nagging shrew lacks in substance she compensates for with longevity…and a seemingly endless pool of financial backing.
- [Forecasts of Gloom](https://economicprism.com/forecasts-of-gloom/) - Treasury yields are forecasting inflation. Gold prices are forecasting deflation. So which is it? No one really knows, but when the gloom clears in a couple weeks government debt markets could be in full meltdown.
- [Why Residential Rental Prices are off their Rocker](https://economicprism.com/why-residential-rental-prices-are-off-their-rocker/) - Fewer jobs plus inflated rent prices will make for a reduction in living standards. Unlike the 2008 financial crisis, where the Fed’s actions were cheered and celebrated, the next crack up could bring the Fed a hurl of rotten tomatoes. With a little luck, their technocratic ditherings could be replaced with a renewed focus on sound money and market based pricing for credit.
- [This Market’s Bound to Bust](https://economicprism.com/this-markets-bound-to-bust/) - Call us a doomer. Call us a gloomer. Call us whatever you must. But be forewarned, if you haven’t already, this market's bound to bust.
- [Cynics and the Big Fat Greek Default](https://economicprism.com/cynics-and-the-big-fat-greek-default/) - A big fat Greek default on its obligations with the IMF, and the ensuing capital flight, capital controls, and economic crisis that follows may ultimately be worth the cost. Particularly, if it allows Greece to rid itself of its debts and exit the European Union. In time, Greece will be all the better for it.
- [Monkey Economics](https://economicprism.com/monkey-economics/) - Despite the advent of the tablet phone and microwave kettle corn, there are still rudimentary evolutionary responses hardwired into the core of the human psyche. During moments of failing they take over and suppress clear thinking. How else can one explain modern man’s continued imbecilities?
- [Get Paid by Politicians](https://economicprism.com/get-paid-by-politicians/) - The shrewd are not buying stocks just yet. They are building cash reserves. Then, when the looming shakeout inevitably hits, they will be making strategic stock purchasing. Media companies set to benefit from the presidential election campaign will be on their target list. You should consider them too.
- [Pinching the Losers in Congress](https://economicprism.com/pinching-the-losers-in-congress/) - Higher treasury yields will put the big pinch on all the losers in congress. This, indeed, is something we’ll relish. There’ll be poetic justice when it dawns on the masses – all at once – that the promises of something for nothing the politicians have fed them all these years are all lies.
- [Bear Witness to the Madness](https://economicprism.com/bear-witness-to-the-madness/) - No doubt, we are living through the greatest monetary experiment in the history of the world. Bear witness to the madness…stock prices are limitless. Episodes of folly are upon us.
- [Sell the Rally](https://economicprism.com/sell-the-rally/) - Over the last 30 years the correct answer to a stalled market has been that it is coiling up like a spring. ‘Buy the dip’ has been the mantra for success. Maybe the next pull back is another great buying opportunity. But it could also be the last opportunity to lock in gains near an all-time high. What we mean is sell the rally could be the new order of the day.
- [Prove You’re Not a Terrorist](https://economicprism.com/prove-youre-not-a-terrorist/) - Recently, France? decided to crack down on those people who make cash payments and withdrawals and who hold small bank accounts. The reason given was, not surprisingly, to “fight terrorism,” the handy catchall justification? for any new restriction governments wish to impose on their citizens. French Finance Minister Michel Sapin stated at the time, “[T]errorism feeds on fraud, money laundering, and petty trafficking.”
- [Connecting the Dots on Employment and Inflation](https://economicprism.com/connecting-the-dots-on-employment-and-inflation/) - Connecting the dots we see several possibilities coming together. There’s the prospect of a slowing economy. And there’s the prospect Feldstein points out of rising inflation. The simultaneous occurrence of these is known as stagflation.
- [How to Safely Double Your Money in No Time at All](https://economicprism.com/how-to-safely-double-your-money-in-no-time-at-all/) - Ashley Revell of London had a mad itch he needed to scratch. The year was 2004. The hankering stemmed from a casual drinking conversation with a friend. Revell couldn’t let it go.
- [The Fastest Way to Escape a Debt Trap](https://economicprism.com/the-fastest-way-to-escape-a-debt-trap/) - This could be the tip of the iceberg for Chinese defaults. But, over time, it will help put the economy on a healthier footing. Though harsh. Though painful. The fastest way to escape a debt trap is not through bailouts. Nor is it through renegotiated loan terms… Rather, it’s through good ol’ fashioned, honest to goodness default. It works every time.
- [One Bear Market from Disaster](https://economicprism.com/one-bear-market-from-disaster/) - Stock markets, like military misadventures, are dynamic. What worked for investors or generals yesterday may not work today. What works today may not work tomorrow. Napoleon’s early successes had the ill effect of setting his men up for slaughter.
- [China’s Spectacular Reckoning](https://economicprism.com/chinas-spectacular-reckoning/) - Change is constant. You can count on it. Earlier this week, for instance, it was revealed that China’s economy is growing at just 7 percent annually. The Middle Kingdom’s GDP hasn’t been this slow since 2009…during the midst of the global financial crisis. What’s going on?
- [The Economic Motherboard is Now Fried](https://economicprism.com/the-economic-motherboard-is-now-fried/) - Economics is a boring and tedious trade to the casual observer. All the monthly report outs on GDP, employment, manufacturing, inflation, among other indexes, are a dull waste of time. What decisions could one possibly make to improve their lot in life from these reported data?
- [Should We Really Put Gold in an IRA?](https://economicprism.com/should-we-really-put-gold-in-an-ira/) - There are solid, core reasons why every investor should have some gold in an IRA. See which of these factors apply to you…
- [Skeletons in the Closet](https://economicprism.com/skeletons-in-the-closet/) - The skeletons of the credit crisis and the Great Recession will escape from the closet in droves. The decision to address a credit crisis with mammoth amounts of new credit issuances will be proven a fatal miscalculation. The consequences will be exposed to the light of day.
- [The Best Time to Squirrel Away Some Nuts](https://economicprism.com/the-best-time-to-squirrel-away-some-nuts/) - The best time to squirrel away some nuts for winter is long before the first ice storm arrives. Indeed, we can’t think of a better time to stock pile some cash than now. Not just in your bank account…in your mattress too. You’ll be glad you did. Especially when you can use the cash to scoop up the big bargains following the crash.
- [Prepare for a Harder World](https://economicprism.com/prepare-for-a-harder-world/) - We don’t know if the next big crash will begin next month or next year. But it is coming…and it will be breathtaking. What then?
- [How to Cash In On the Economic Sweet Spot](https://economicprism.com/how-to-cash-in-on-the-economic-sweet-spot/) - The sweet spot, however, in terms of political stability and a young growing population appears to be in India – where the median age is 25 – and Brazil – where the median age is 30.
- [What Comes After the Boom](https://economicprism.com/what-comes-after-the-boom/) - Next, however, is what comes after the boom… To understand what that will be like, start with the 2008 Financial Crisis and Great Recession. Consider the magnitude of the chaos to financial markets and destruction it resulted in for the economy. Think about how the middleclass was shredded by these events.
- [China’s Economy is Doomed](https://economicprism.com/chinas-economy-is-doomed/) - The simple fact is the Bank of China’s in too deep. They see Evergrande and other big Chinese developers as too big to fail. Yet letting them fail is exactly what the Bank of China should do. Unfortunately, they won’t. In short, this is why China’s economy is doomed to slow and slumber along like the economies of the US, EU, and Japan.
- [Not in a Million Years](https://economicprism.com/not-in-a-million-years/) - The Fed will do anything and everything when things go up in smoke. They’ll stand any semblance of prudent financial management on its head. But can they pump the monetary gas into the system at a rate fast enough to replace the outflow of bad debts and defaults? Not in a million years.
- [Bet Against the House at Your Peril](https://economicprism.com/bet-against-the-house-at-your-peril/) - The stock market’s on edge. After dropping 278 points last Friday and climbing back 139 points on Monday…the DOW purged 332 points on Tuesday. Wednesday the DOW gave back another 27. By yesterday the storm had past. Sunny skies were out…the DOW bounced back 259 points.
- [The Beginning of the End for the European Union](https://economicprism.com/the-beginning-of-the-end-for-the-european-union/) - Though Draghi says these are the ‘final set of measures’ they likely won’t be. The Fed’s and the Bank of Japan’s experience is that it is much easier to start quantitative easing than it is to end it. So what Draghi believes are a ‘final set of measures,’ will ultimately be the beginning of a long term, long ranging asset purchase program that will end in disaster. Hence, it is not the end. Nor is it the beginning. Rather it is the beginning of the end for the European Union.
- [Reaching for Yield](https://economicprism.com/reaching-for-yield/) - The Fed has made it very clear what our challenge is: finding new sources of yield to provide us with income. But how do you find them and how do you get started?
- [The Die is Cast](https://economicprism.com/the-die-is-cast/) - When Julius Caesar ventured across the Rubicon River in Northern Italy in 49 BC, he knew there was no turning back. Crossing the river was an act of insurrection. Once across his army would have to confront Pompey and make war on Rome.
- [Dillweed Economics](https://economicprism.com/dillweed-economics/) - A dillweed, according to its common meaning, is someone that’s irrational and of low intelligence. Policies, like people, can also fall into the dillweed taxonomy. What’s more, when you combine dillweed individuals with dillweed policies, an entirely new dillweed classification can be created.
- [From Bad to Worse in a Big Way](https://economicprism.com/from-bad-to-worse-in-a-big-way/) - Banks could charge negative interest rates on savers. The government could borrow money created from nothing from the Fed and credit everyone’s bank account…they may even call it a rebate of sorts. So, too, the Fed could create money from nothing and make direct purchases in the stock market. In other words they’ll turn things from bad to worse in a big way.
- [The End of the New Paradigm](https://economicprism.com/the-end-of-the-new-paradigm/) - The present financial and economic state of affairs is challenging Herbert Stein’s Law. We are living in an era where something that cannot go on forever, doesn’t stop. Remarkably, it continues on. Forever, of course, is a very long time. On the road to forever, practically anything and everything can happen. Even if something hasn’t happened yet, doesn’t mean it will never happen.
- [The Sickness that Never Ends](https://economicprism.com/the-sickness-that-never-ends/) - Compelling millions of people to borrow and spend money after they’ve already borrowed and spent too much is the sickness that never ends. Saving and investing are fundamental to capital formation and wealth building. Policies that reward this tried and true practice make sense. Everything else is pure claptrap.
- [The Perfect Time to Save for a Rainy Day](https://economicprism.com/the-perfect-time-to-save-for-a-rainy-day/) - In the absence of a popular mania, caution is still warranted. Negative consequences of global currency debasement are coming. Inflows from foreign investors into U.S. stocks are distorting their values. The longer this continues the greater the ultimate fallout will be. Now’s the perfect time to pay down debt and save for a rainy day. You’ll be glad you did when the next financial storm hits.
- [Dock Worker Shakedown and You](https://economicprism.com/dock-worker-shakedown-and-you/) - The fog was especially thick one morning last week. Visibility was greatly constrained. The fog horns bellowed in the darkest hour before dawn while we stirred from our splendid slumber. Here in Long Beach, the frenetic movement at the mammoth Port of Los Angeles / Port of Long Beach complex has stalled to a peculiar standstill. Offshore, in the near waters between San Pedro Bay and Catalina Island, are an abundance of container ships. They drift about…waiting for resolution to the latest labor dispute.
- [China’s Concrete Problem](https://economicprism.com/chinas-concrete-problem/) - There’s always something fascinating going on when it comes to the economy. Take China, for instance. According to the International Monetary Fund, and the notion of purchasing power parity, they’re the world’s largest economy. Nonetheless, they’ve started the year off in a rut. For example, China’s exports fell 3.3 percent in January from a year ago. But that was nothing. Imports dropped 19.9 percent.
- [Leading the Next Economic Downturn](https://economicprism.com/leading-the-next-economic-downturn/) - After six plus years of massive monetary intervention the Fed has pushed their policy options to the max. The federal funds rate has been pushed down to practically zero since late 2008. They must now tighten things back if they want to preserve even a smirk’s worth of credibility.
- [What Groundhog Day Means for Stocks](https://economicprism.com/what-groundhog-day-means-for-stocks/) - On Monday, for example, Punxsutawney Phil peered about and saw his shadow. According to the Groundhog Day folklore, there’ll be six more weeks of winter. If only the stock market could get off so easy. Here’s what we mean… Look around. You’ll likely see your shadow gleaming in the distance. You’ll also see the cold winds of deflation covering the landscape over with frost.
- [Socialism is Like a Nude Beach – Sounds Like a Great Idea Until You Get There](https://economicprism.com/socialism-is-like-a-nude-beach-sounds-like-a-great-idea-until-you-get-there/) - Syriza has a message that’s very popular with Greeks: Screw Germany. The word they use to describe what’s happened to Greece during the period of time since the debt crisis is “humiliation.” To be fair, if you owe a lot of money to someone, it can be tempting to give them the finger. When Greece’s debt was restructured, it was done in such a fashion that none of the debt was really forgiven, but the maturities were extended far out in the future.
- [Lower Gas Prices and the New Global Recession](https://economicprism.com/lower-gas-prices-and-the-new-global-recession/) - Oil prices seem to be holding around $48 per barrel for now. But if global economies are truly slowing, which we have reason to believe they are, then oil’s price could continue to decline. Perhaps it may even fall to $30 a barrel…which is where it bottomed out on December 28, 2008, during the last oil price crash and Great Recession.
- [Oil Demand Deduction](https://economicprism.com/oil-demand-deduction/) - Naturally, lower prices encourage greater demand and discourage production. Over the next couple months these factors will equilibrate. This is a natural function of markets. Even so, we wonder how things got so far apart to begin with. Aside from the supply increase over the last several years is there something else causing the price to drop?
- [Chasing the Wild Goose](https://economicprism.com/chasing-the-wild-goose/) - Improving the world economy via political means – through force – never quite works out how the planners intend. New complexities arise to make a mockery out of their efforts. They are chasing the wild goose. To illustrate our point, what follows is a partial list of the World Economic Forum’s rolling agenda…
- [Treasury Bubble Redux](https://economicprism.com/treasury-bubble-redux/) - The great U.S. Treasury bubble would finally burst. Instead of credit becoming cheaper and cheaper it will become more and more expensive. Asset prices will have to adjust – drop – accordingly. It will also pinch economies the world over. They’ve grown dependent on the explosion of cheap credit. Take it away, and disaster will follow.
- [Tilting the Odds in Your Favor](https://economicprism.com/tilting-the-odds-in-your-favor/) - The Russian Federation is the world’s third largest wheat exporter after the European Union and the United States. Obviously, when you subtract a large component of the expected wheat supply from global markets the remaining supply becomes more valuable. The price of wheat should rise to offset the reduced supply.
- [A Stock Market Spectacular](https://economicprism.com/a-stock-market-spectacular/) - The exhilarating rush of money into the stock market over the last six years will be followed by a violent stampede back out. Pull up a chair. Grab a fresh bucket of popcorn. What is coming will be spectacular.
- [The Number One Investment for 2015](https://economicprism.com/the-number-one-investment-for-2015/) - For entertainment and instruction, over the weekend we took a scan of the news pages for expert tips on how to invest for 2015. There were a variety of ideas. These included some simple and practical suggestions…like paying down adjustable rate loans before interest rates go up. Saving 10 to 15 percent of gross income for retirement didn’t sound like a bad idea either.
- [One Destructive Bad Idea](https://economicprism.com/one-destructive-bad-idea/) - The bad idea is that stimulating demand with credit based consumption produces economic prosperity. The Federal Reserve, among other central bankers, uses this bad idea as grounds to issue massive amounts of cheap credit. Their sole intent is to entice people to borrow money…and spend it.
- [Disaster and Other Estimations for 2015](https://economicprism.com/disaster-and-other-estimations-for-2015/) - The New Year is nearly here. So are the new hopes and new dreams. We’re certain 2015 will be the year you get everything you deserve in life. But what else will happen? Today we hold a licked index finger up to see what way the winds will be blowing in 2015. Obviously, this isn’t an exact science. Making predictions about the future is more art than science anyway.
- [Blessings from Scrooge](https://economicprism.com/blessings-from-scrooge/) - “Running to the window, he opened it, and put out his head. No fog, no mist; clear, bright, jovial, stirring, cold; cold, piping for the blood to dance to; Golden sunlight; Heavenly sky; sweet fresh air; merry bells. Oh, glorious! Glorious!
- [The Beatings Will Continue](https://economicprism.com/the-beatings-will-continue/) - Professional life has taught us that the beatings will continue whether morale improves of not. Why not grit out teeth and take the setbacks with a grin and smirk? Most victories we’ve had come from persistence and perseverance. Others may come and go. We keep right at it.
- [Exactly When the Fed Will Raise Rates](https://economicprism.com/exactly-when-the-fed-will-raise-rates/) - Here at the Economic Prism we do not think the Fed will ever raise the federal funds rate unless, like the Russian central bank, they are forced to. At the most, if the Fed does get to the point where they raise rates, it won’t be for long. For the United States can’t afford prosperity.
- [What to Buy as the Great Unraveling Gets Underway](https://economicprism.com/what-to-buy-as-the-great-unraveling-gets-underway/) - But what to buy as the great unravelling gets underway? Yields on the 10-year Treasury Note have fallen to just 2.12 percent. Perhaps they could fall further. However, it’s not likely they’ll fall more than another half percent. Gold’s always a good safe haven asset. Some view it as insurance against a financial, paper currency collapse. Certainly, holding some insurance is a prudent thing to do. Still, unless you’re a gold zealot, it’s not something to plow your entire life savings into.
- [Watch Out Below](https://economicprism.com/watch-out-below/) - Six months ago a canary was sent down into the global economic coal mine. At the time, oil was priced at over $110 a barrel. Last month they pulled the canary retrieval line back up…the canary was dead. The economy may be next.
- [Something to Cheer About](https://economicprism.com/something-to-cheer-about/)
- [Preventing Taxpaying Milk Cows from Seeking Greener Pastures](https://economicprism.com/preventing-taxpaying-milk-cows-from-seeking-greener-pastures/) - The political dynamics in the US guarantee more welfare and more warfare, so government spending has nowhere to go but up, even though the government is already effectively bankrupt. That means we should only expect the politicians to come up with more and more insidious ways to try to squeeze blood out of the taxpayer turnip—which of course will create more incentive and demand for renunciations. With more demand for renunciations, expect the costs to go up.
- [Central Bankers Unite](https://economicprism.com/central-bankers-unite/)
- [Somewhere Between Heaven and Hell](https://economicprism.com/somewhere-between-heaven-and-hell/) - Looking for ordinary ideals of Americana is like searching for consistencies in the Affordable Care Act statute. They simply don’t exist. The valued conviction of one American vastly differs from that of another. One may celebrate adventures in mysticisms. Another may find inspiration sitting in a NASCAR grandstand. While a third struggles to free himself of the orthodox hobgoblins that suffocate his soul.
- [What You Must Know About Global Currency Debasement](https://economicprism.com/what-you-must-know-about-global-currency-debasement/) - Quantitative easing from the Bank of Japan and coming soon from the European Central Bank are also contributing to the mixed signals. Speculators can borrow money from Japan for practically nothing and buy the 10-Year Treasury note yielding 2.31 percent. This has the effect of pushing down the value of the yen and pushing up the value of the dollar. This, you see, is a critical insight. Despite the $4 trillion added to the Fed’s balance sheet since 2008 the dollar is getting stronger. It just so happens that Japan and Europe are more rapidly debasing their currencies.
- [Here Comes the Flood](https://economicprism.com/here-comes-the-flood/) - The United States’ economy is flying high. In fact, when compared to Japan and Europe, the state of the union is strong and prosperous. What’s more, it’s only getting better. The unemployment rate continues its slow soft slide downward. It was at just 5.8 percent the last we checked. Meanwhile, consumer prices are rising at a benign 1.7 percent. At the same time, annual GDP is increasing at a healthy 3.5 percent clip. On top of that, the stock market continues to make everyone rich.
- [Hold On To Your Gold](https://economicprism.com/hold-on-to-your-gold/) - The Fed will do practically anything and everything to prevent deflation. For the credit based financial systems depends upon inflation to lighten the debt burden and minimize the risk of large scale defaults. Plus, with all the funny money that floated up stocks over the last five years being withdrawn from the financial system, it shouldn’t take too long for stocks to fall in earnest. Will the Fed then stand aside and let the stock market fall apart? Or will they open the flood gates of liquidity like they’ve done whenever stocks have hit a rough patch over the last eighteen years? We have a sinking inkling they’ll do whatever it takes to push stock, asset, and consumer prices up.
- [How to Kill a City Financially](https://economicprism.com/how-to-kill-a-city-financially/) - There are many things remarkable about Scranton’s financial pickle…and tax proposal. One of them being the fact there are any residents still living there. Would not the people be better off if their public officials had defaulted on their unattainable debt obligations 22 years ago? Instead they’ve transfer wealth from those who earn it to those who don’t deserve it…to make good on obligations that should’ve never been made in the first place. No doubt, this exemplifies a textbook method for how to kill a city financially.
- [Putin Signs Secret Pact to Crush NATO](https://economicprism.com/putin-signs-secret-pact-to-crush-nato/) - If Putin has his way, the SCO could not only rival NATO, it could fashion a new financial structure that directly competes with the IMF and World Bank. The New Development Bank (FKA the BRICS Bank), created this past summer in Brazil, was a first step in that direction. And that could lead to the dethroning of the US dollar as the world’s reserve currency, with dire consequences for the American economy.
- [Experience the Magic of Unconventional Instruments](https://economicprism.com/experience-the-magic-of-unconventional-instruments/) - Draghi didn’t say what these unconventional instruments would be. Perhaps it’s because he doesn’t know. Or perhaps it’s because unconventional instruments is code for the only possible option… The magic of printing money and buying government debt. At some point Draghi will be forced to make good on his governing council’s unanimous commitment. Before long, the Federal Reserve will be back at it too.
- [Why You Should Prepare Now for the Fed’s Next Money Pumping Scheme](https://economicprism.com/why-you-should-prepare-now-for-the-feds-next-money-pumping-scheme/) - It is a simple axiom. Stocks go up and they go down. After going up without interruption for the last five years, in no small part because of quantitative easing, it is very likely stocks will go down. Plus, without direct Fed purchases of financial assets, the stock market will need to adjust to this new paradigm. The world as we’ve known it for the last five years is gone. This we believe will drive stocks down.
- [Hollow Words from a Hollow Man](https://economicprism.com/hollow-words-from-a-hollow-man/) - Of course, the granddaddy clown of them all is President Obama. What a hoot he is. Everything about the nation’s number one man has been reduced to a side splitting one liner. Every time we see his picture he looks to be constipated or passing a gallstone.
- [One Hundred Years of Failure and Counting](https://economicprism.com/one-hundred-years-of-failure-and-counting/) - Central planners believe by tinkering with the price of money they can achieve the ideal of “maximum collective welfare.” This is the elusive promise of a scientifically managed economy. Still, one hundred years of failure doesn’t stop the lunkheads from trying.
- [What a Correction Feels Like](https://economicprism.com/what-a-correction-feels-like/) - It’s been so long since we’ve had a correction, I’m guessing that most people have forgotten what a correction feels like. When you go that long in between corrections, people are sitting on a mountain of capital gains. And unless the capital gains really start to disappear, there is little pressure to sell. But if you’re the owner of, say, airline stocks, and you’ve watched them evaporate to the tune of 30 percent, that tends to focus the mind a little bit.
- [Why China Will Suffer a Hard Landing](https://economicprism.com/why-china-will-suffer-a-hard-landing/) - Chinese officials may have another rabbit up their sleeve. Somehow they’ve encouraged a level of growth and industrialization at a scope and scale the world has never seen. Perhaps China is already the world’s largest economy, even larger than the United States. But that doesn’t mean China doesn’t have a hard landing coming their way…even if Chinese Premier Li Keqiang says they won’t. From experience we know that when a country’s leading man says something won’t happen it most assuredly does. This, in a nutshell, is why China will suffer a hard landing.
- [Consumers Don’t Stand a Chance](https://economicprism.com/consumers-dont-stand-a-chance/) - As the Fed’s money printing experiment tapers out this month, the primary support underpinning corporate earnings will disappear. The down draft on the economy that will follow will be astounding. For even in the U.S., consumers don’t stand a chance.
- [The Solution to Deflation](https://economicprism.com/the-solution-to-deflation/) - In the erudite world of monetary policy makers, inflation is the ultimate goal. For inflation is the solution to deflation. Moreover, in a world where debts are levered up to the moon, deflation must be avoided at all costs. QE3 is due to end this month. Unfortunately, the financial system has become entirely dependent on these continuous liquidity injections. Perhaps a stronger dollar will give the Fed the rationale they need to launch QE4.
- [Buyer's Remorse](https://economicprism.com/buyers-remorse/)
- [An Autumn Encounter with the Headless Horseman](https://economicprism.com/an-autumn-encounter-with-the-headless-horseman/) - We came to Riley’s Farm on Saturday for some olde tyme family fun. We weren’t disappointed. We picked apples with the kids, ate roasted corn, drank sarsaparilla, and watched the sunset beyond a western ridge from an old handcrafted wooden chair. When the stars appeared we were delighted with a night of feast, theatre, and plenty of barn stomping activities. All in all it was a rip-roaring good time. Between a farm spread of pumpkin soup, steak, baked beans, baked potato, corn bread, iceberg salad and apple pie, with an abundance of hot apple cider, the Riley’s Farm Theatre Company brought Washington Irving’s early American tale, The Legend of Sleepy Hollow, to life.
- [Pouring Buckets of Ice Water on the Fed’s Delusion](https://economicprism.com/pouring-buckets-of-ice-water-on-the-feds-delusion/) - A lot of fraud and deception was perpetrated by the Fed over the last six years to bring about the stock market’s permanently high plateau. Buckets of ice water are now being poured on that delusion.
- [The End of Extend and Pretend](https://economicprism.com/the-end-of-extend-and-pretend/) - The Feds plan of extending the economy’s problems out into the future with cheap credit and pretending everything’s fine or that it will all somehow sort itself out is coming to an end. Quantitative easing’s nearly done. The federal funds rate, which has been at practically zero for six years, can’t stay there forever…certainly, not for another six years. The stock market will soon realize this. The freefall will follow.
- [The World Becomes Disorder](https://economicprism.com/the-world-becomes-disorder/) - We had predicted in February that 2014 would be the year of increasing geopolitical risks that would challenge conventional asset allocations. We see geopolitical risks expanding from here—not contracting—and stick to our investment advice that the broad stock market is precariously valued. A range of options is available for those who wish to hedge themselves against even worse news.
- [No Quick Fix for Structural Reforms](https://economicprism.com/no-quick-fix-for-structural-reforms/) - The point is, there’s no quick fix for structural reforms. Economic distortions take time and difficulty to deal with. Old structures must be demolished. New footings must be poured. Eventually these will be the new foundations for a healthy and thriving economy. In the meantime, the G20 doesn’t stand a chance.
- [Worshiping Utterances](https://economicprism.com/worshiping-utterances/) - Fed policy in this era of enlightenment has evolved into an utterance worshiping financial system. Wall Street and other financial institutions the world over hang their decisions on every word of each Fed statement. The Fed may not be lowering rates now…but could they next month? This is the oracle they are after.
- [Why We Are All Doomed](https://economicprism.com/why-we-are-all-doomed/) - No one likes hard work, prudence, and deliberate discretion these days. That’s why the public goes along with these reckless policies…and reelects the same scoundrels who promise more handouts. When it comes down to it, people want bailouts, safety nets, and free drugs from the government. They want cradle to grave protection. They want to handover their personal responsibility in return for economic security. In short, they want something for nothing. We don’t like saying this. But the evidence is overwhelming. This, in a nutshell, is why we are all doomed.
- [Holding the Permanently High Plateau](https://economicprism.com/holding-the-permanently-high-plateau/) - The idea of a permanently high plateau in stock prices is as ridiculous today as it was a hundred years ago. At some point, a triggering event will cause even the most ardent believers to break ranks…and a mad scramble to the exits will ensue.
- [I Didn’t Believe the IRS Anyway](https://economicprism.com/i-didnt-believe-the-irs-anyway/) - Lois Lerner’s emails are back from the dead—sort of. The former IRS official’s BlackBerry, however, is still long gone. The IRS intentionally destroyed it in June 2012 (after congressional staffers interviewed Lerner about the IRS targeting conservative groups) as the Deputy Assistant Chief Counsel acknowledged in a recent sworn declaration.
- [Why the U.S. Government Should End the 40-Year Crude Oil Export Ban](https://economicprism.com/why-the-u-s-government-should-end-the-40-year-crude-oil-export-ban/) - For the last 40-years it has been illegal to export crude oil from the U.S. The crude oil export ban was enacted following the 1970s oil crisis which resulted from the OPEC oil export embargo. At the time, it was believed the U.S. would always be a net oil importer. How things change…
- [Musical Chairs Investing](https://economicprism.com/musical-chairs-investing/) - Back in July 2007, the last time financial markets ran up to record highs, then Citigroup CEO Chuck Prince said, “When the music stops, in terms of liquidity, things will be complicated. But as long as the music is playing, you’ve got to get up and dance. We’re still dancing.” Remember how well that worked out for everyone when the music stopped? Currently the music’s still playing. Dance, if you must. But better to be a killjoy and sit the next song out.
- [Morons At Large](https://economicprism.com/morons-at-large/) - Up here, near the face of Tahquitz Peak, the summer twilight lingers a little longer. The evening sunshine bends through the tall shady pines and sweet smelling cedars, basking on Idyllwild…the splendor mile high Southern California mountain village. We breathe deeply and exhale gradually. Time slows to the soft rhythm of Strawberry Creek as it meanders through town.
- [What a Remarkable Time to be Alive](https://economicprism.com/what-a-remarkable-time-to-be-alive/) - The average job cannot pay for the average mortgage. The average starting position for a college graduate cannot dent the principle of the average student loan debt. The overall economy cannot pay out all the promises that have been made on its behalf. But while the economy cannot support more debt, for now, the stock market continues to lap it up like a thirsty dog. Yesterday the S&P 500 eclipsed the 2,000 mark for the first time ever. Good gracious! What a remarkable time to be alive.
- [Fire and Brimstone](https://economicprism.com/fire-and-brimstone/)
- [Janet Yellen’s Big Surprise](https://economicprism.com/janet-yellens-big-surprise/) - This week all the heavy hitters of the monetary policy realm will gather in Jackson Hole, Wyoming, for their annual powwow. There they will pontificate upon the glories of artificial interest rates and the brilliance of a centrally planned economy. They may even offer a hint or inkling about how much longer they’ll press the federal funds rate to zero.
- [Whirlwind Economics](https://economicprism.com/whirlwind-economics/) - In a most perverse way, an improving economy will wreck the balance sheets of corporations and treasuries at all levels of government. The economic growth that triggers this will be snuffed out by the financial whirlwind that follows.
- [Knockdown Drag Out Slugfest](https://economicprism.com/knockdown-drag-out-slugfest/) - The forces of extreme monetary policy and economic lethargy are squaring off for the later rounds. In the end, it’ll be a knockdown drag out slugfest. Hardly a soul will see it through with their capital intact.
- [Up In Smoke](https://economicprism.com/up-in-smoke/) - We’ve waited with great anticipation for the next market crash since the very day the last market crash ended. Perhaps now it is finally here. Are you ready for it? Breathe deeply. Think clearly. Stay calm. And place several marshmallows on the tip of a stick. You always want to be prepared when things go up in smoke.
- [This Bull Market is Cooked](https://economicprism.com/this-bull-market-is-cooked/) - Several cracks in what was thought to be a granite foundation supporting the stock market were revealed last week. The S&P 500 fell 2.67 percent between weeks open and close. For the month of July, the S&P 500 finished down 1.63 percent…its first monthly loss since January.
- [Heading for Disaster](https://economicprism.com/heading-for-disaster/) - No place is the mix of geopolitics and economics more turbulent than the muddy waters of oil and gas resources. This week they were muddied up some more. On Tuesday, the United States and the European Union sprayed Russia with economic sanctions…restricting their access to capital and oil development technologies.
- [Minimum Wage, Maximum Stupidity](https://economicprism.com/minimum-wage-maximum-stupidity/) - The minimum wage should be the easiest issue to understand for the economically savvy. If the government arbitrarily sets a floor for wages above that set by the market, jobs will be lost. Even the Congressional Budget Office admits that 500,000 jobs would be lost with a $10.10 federal minimum wage. Who knows how high the real number would be?
- [The Decline and Fall of the Stroh Family Beer Business](https://economicprism.com/the-decline-and-fall-of-the-stroh-family-beer-business/) - The high water mark for the Stroh family was reached in the late 1980s. The great shortcomings of the Schaefer and Schlitz acquisitions were the acquisitions themselves…they were financed with large amounts of debt rather than savings. Peter Stroh had gotten too big for his britches.
- [Slip Back Economics](https://economicprism.com/slip-back-economics/) - These manufactured improvements to the economic numbers don’t represent a healthy robust economy. Instead, because they are produced by a false debt driven demand, they represent an economy that’s running on overdrive yet slipping back. For many people, this sort of economy becomes more unbearable each day.
- [Wealth Consumption](https://economicprism.com/wealth-consumption/) - The current 12-month CPI, is 2.1 percent. That means, in inflation adjusted terms, treasuries are yielding just 0.4 percent. But everyone knows inflation is much, much higher than the government number crunchers let on. What we mean is treasuries are currently offering a negative yield. They’re consuming wealth.
- [Dirty Investing](https://economicprism.com/dirty-investing/) - There are many reasons to despise coal as an investment. There are strict new EPA regulations because global warming is ruining the planet. There’s an abundance of cheap natural gas coming online thanks to technological advancements of hydraulic fracking and horizontal directional drilling. Coal is dirty. Mining it is dangerous work. But these things don’t mean coal is going to disappear as a global energy source. Yet the current price of KOL seems to have made this a forgone conclusion. In other words, the price of KOL must rise to bring things back into whack.
- [Refuse the Filthy Trash](https://economicprism.com/refuse-the-filthy-trash/) - With the help of the Drapier letters, Wood’s patent was revoked in 1725, and Ireland avoided the consequences of plentiful cheap money…consequences Venezuelans are now fully appreciating courtesy of Maduro’s currency meddling.
- [An Absolute Disaster?](https://economicprism.com/an-absolute-disaster/) - For the record, the President and Congress – both parties – are not addicted to austerity; they’re addicted to deficit spending. Moreover, austerity is not an economic program. It’s what happens when you take deficit spending away. The U.S. government can either do this on their own terms by choosing how to reduce deficit spending. Or they can continue their spendthrift ways and let the nation’s creditors force it upon us.
- [Independence Day Hootenanny](https://economicprism.com/independence-day-hootenanny/) - Here in our slice of Americana sits the very place where the manifest destiny of western civilization finally ran out of land. The concrete and steel collides with the Pacific Ocean at the Port of Long Beach in a breathtaking array of symbiotic disharmony. East meets West in the mutual reciprocation of China Shipping vessels rigorously stacked with containers carrying gewgaws and garments.
- [Janet Yellen’s Unwise and Inhumane Policies](https://economicprism.com/janet-yellens-unwise-and-inhumane-policies/) - “To me, a wise and humane policy is occasionally to let inflation rise even when inflation is running above target,” said Yellen some 20-years ago. We wish this wasn’t such a bitter pill to swallow. But if you believe in ideas of liberty, freedom, and limited government, then the fact that everything is rigged by a class of appointed bureaucrats is not only unwise and inhumane…quite frankly, it’s downright intolerable.
- [I Owe My Soul](https://economicprism.com/i-owe-my-soul/) - In 1946, an American singer, Merle Travis, recorded a song called “Sixteen Tons.” The song told the story of a poor coal miner in Kentucky, who lived in a small coal mining town. The town’s economy revolved entirely around the mine. The mining company owned a “company store,” which had a monopoly on the sale of provisions. It charged rates that were designed to use up the weekly paycheque of the miner, so that the miner, in effect, was a slave to the mining company.
- [The Paradox of Fed Credit](https://economicprism.com/the-paradox-of-fed-credit/) - In this grand paradox, the freshness of the excess water that’s keeping the farmland alive is the source of the salt that’s killing it. So, too, goes the U.S. economy. After six years of rapidly expanding their balance sheet and pumping cheap credit and excess liquidity into financial markets the Federal Reserve has surfaced a similar paradox. They must keep expanding the money base to keep the economy afloat…but in doing so they’ll ultimately kill it.
- [Plume Economics](https://economicprism.com/plume-economics/) - We assume that, like us, you get to it each day to earn your daily bread. Maybe you skimp. Maybe you save. Perhaps your boss has you work late and your clients crap all over you. All the while, digital monetary units are being emitted into bond and stock markets like dirty smokestack plumes from a coal fired power plant.
- [The Trifecta of Depravity](https://economicprism.com/the-trifecta-of-depravity/) - Central banking, dishonest money, and big bank bailouts. This trifecta of depravity perverts capitalism into a sort of democratic cronyism that protects the wealthy elite. Piketty conveniently never mentions that the ultra-wealthy are playing with a deck of cards overwhelmingly stacked in their favor. Paul Krugman openly promotes it.
- [Cause and Effect of a Broken Market](https://economicprism.com/cause-and-effect-of-a-broken-market/) - the full functioning pricing mechanism has been broken by the Fed’s zero interest rate policy. The price of money has been distorted down and the price of stocks has been distorted up.
- [How to Profit from Obama’s War on Coal](https://economicprism.com/how-to-profit-from-obamas-war-on-coal/) - The move to natural gas exports offers many interesting prospects for investing. Similarly, we don’t know how Obama’s war on coal will impact U.S. electricity prices. But we do know there will be significant changes taking place as more and more electricity generation transitions over from coal to gas fuel.
- [Monetary Activism](https://economicprism.com/monetary-activism/) - The extreme and downright overbearing policies of monetary activism have achieved something spectacular. A market that appears to be overly stable where stock prices only go up. Obviously, this sort of rigged system rewards the most leveraged players…the biggest risk takers who borrow money on the cheap to place big bets on stocks.
- [Economic Blasphemy](https://economicprism.com/economic-blasphemy/) - Unfortunately, for a lot of people, the recession never ended. What’s more, and despite all time stock market highs, the economy is approaching a recession within a recession. Things could get real ugly real quick. Fed policy, which has encouraged massive amounts of household debt, has enticed the general public to shimmy out onto a creaky tree branch.
- [The Successor to Keynes](https://economicprism.com/the-successor-to-keynes/) - Europe is abuzz with Capital in the Twenty-First Century by French economist Thomas Piketty, released in Europe in March of this year and now a best-seller. It has since crossed the Atlantic and is already the number-one best-seller for booksmith Amazon. It has been called a “blockbuster” of a book, and many reviewers believe that it has the ability to revolutionise the study of economics.
- [When the Stock Market Bubble will Burst](https://economicprism.com/when-the-stock-market-bubble-will-burst/) - U.S. markets were closed yesterday in observance of Memorial Day. But, nonetheless, we peered through our Economic Prism for hints and clues of what’s to come. There are no bones about it. We believe the bull market’s end is nigh.
- [Scientific Management of the Economy is Absurd](https://economicprism.com/scientific-management-of-the-economy-is-absurd/) - With all the Fed funny money and credit that’s been pumped into the financial system, it’s almost a given this money will eventually make its way into consumer prices. Plosser believes an improvement in the economy will be the catalyst that persuades bankers to make loans. These loans will free up this money from bank balance sheets and flood it into the real economy.
- [To The Class of 2014](https://economicprism.com/to-the-class-of-2014/) - Legend has it that Thomas Edison failed a thousand times – or more – when inventing the modern incandescent light bulb. Yet Edison didn’t consider his unsuccessful attempts to be failures at all. They were discoveries of what doesn’t work.
- [A Symbol of Death for Stocks](https://economicprism.com/a-symbol-of-death-for-stocks/) - The S&P 500 is well above its mean. Prospects for near term earnings growth are bleak. The current bull market is into its 5th year. From what we gather, over the last 100 years the average bull market has lasted 755 days and provided an 85 percent gain. The current bull market is going on somewhere around 1,885 days with a gain of over 180 percent. That’s more than double the average. What we mean is, the stock market is like a balloon animal. After the inhalation cometh the exhalation – Koons’ symbol of death. It’s long overdue, indeed.
- [How a Big Cat Started Europe’s Addiction to Oil](https://economicprism.com/how-a-big-cat-started-europes-addiction-to-oil/) - The Soviet Union was a global powerhouse and a major oil producer until its disintegration in 1991, and Russia then had to shop hat in hand for loans to keep its economy afloat. It was largely its oil and gas resources that have enabled Vladimir Putin, Russia’s canny and forceful president, to wrest his country back onto the world stage of heavyweights in recent years. The European Union is currently Russia’s largest customer.
- [Wealth Building for Pigs](https://economicprism.com/wealth-building-for-pigs/) - This notion crystalizes how markets must be observed these days. Not free or efficient…but full of fraud and folderol. For us pigs we must always proceed with caution, skepticism, and full commitment if we want to have a chance at not punching the time card late into our golden years.
- [Treadmill Economics](https://economicprism.com/treadmill-economics/) - Households have been running on the treadmill for five years straight and they have nothing to show for it…with the exception of, perhaps, frayed nerves, gray hairs, and a balance sheet teetering on insolvency. This is with the greatest amount of monetary and fiscal intervention into the economy the nation has ever experienced. Such is the plight of the new economy…work more, earn less, and never retire.
- [How to Prepare Now for the Greatest Show on Earth](https://economicprism.com/how-to-prepare-now-for-the-greatest-show-on-earth/) - Clearly, the final melt up before the next big meltdown is coming to an end. Even the technical traders are seeing a looming correction. “I’m going to be completely clear here,” said Richard Ross, global technical strategist at Auerback Grayson. “I’m quite bearish and I think the market’s going significantly lower.”
- [Putin's Revenge?](https://economicprism.com/putins-revenge/) - If you recall, last month Sergei Glazyev, an adviser to Russian President Vladimir Putin, threatened to use Russia’s U.S. government debt holdings as an economic weapon… “We hold a decent amount of Treasury bonds — more than $200 billion — and if the United States dares to freeze accounts of Russian businesses and citizens, we can no longer view America as a reliable partner,” said Glazyev. “We will encourage everybody to dump U.S. Treasury bonds, get rid of dollars as an unreliable currency, and leave the U.S. market.”
- [Peddling Loans and Lies to Kids](https://economicprism.com/peddling-loans-and-lies-to-kids/) - Debt forgiveness programs encourage universities to charge even more for a college degree…and creditors are more than willing to oblige students as they chase their hopes and dreams when the taxpayer will pick up the tab.
- [Listening to the Canary](https://economicprism.com/listening-to-the-canary/) - Stock and bond markets in most countries have been living on the Fed’s money printing. The touch that’s light enough for the US markets might pull the props out from under foreign markets—which would have consequences for foreign economies that would feed back into the US through investment losses by US investors, loan defaults against US lenders, and damage to US export markets. With that feedback, even the light touch could turn out not to have been light enough.
- [The Next Big Crisis Moment You Can Bank On](https://economicprism.com/the-next-big-crisis-moment-you-can-bank-on/) - What will be the next unknown unknown? Will it be another Lehman moment, 9/11, Fukushima – or worse? Will it come from China, the Ukraine, Mother Nature, or, perhaps, Puerto Rico? By definition, we don’t know. We are mere mortals. Like you, we do not have the ability to read tomorrow’s headlines today.
- [This Market’s Ready to Implode](https://economicprism.com/this-markets-ready-to-implode/) - We like to keep things real simple around here at the Economic Prism. Thus we’ll crystalize it down for you to its very essence. We believe the big bad bull market that began on March 6, 2009, when the S&P 500 bottomed out at 666.79, is over. Yet this is the least of our worries. Obviously, we have some explaining to do…
- [Give Trains a Chance](https://economicprism.com/give-trains-a-chance/) - There are few passions – with the exception of long lunches with interns or short standards of accountability – that stroke a central planner’s vanity than state sponsored train building projects. The execution of public train projects engages all the sanctimonious forces of big government. Directing where people travel, how they get there – and when…these are the sorts of things big bureaucrats relish. What’s more, hijacking of public funds for the so called public good can be further vindicated when it will save the economy too.
- [How to Be Richly Rewarded Following the Big Crash](https://economicprism.com/how-to-be-richly-rewarded-following-the-big-crash/) - There are right times and there are wrong times to buy stocks. The right time is when stocks are cheap. The wrong time is when they are expensive. We believe that right now is not the right time to buy stocks…it’s the wrong time. No doubt, holding some cash and having some patience will be richly rewarded following the big crash.
- [The Three Stooges Debunk myRA](https://economicprism.com/the-three-stooges-debunk-myra/) - Uncle Sam realized this was an argument he had to win. “Look, you un-American radicals! We don’t want your kind in this country. Those values have no place in a modern society. Go ahead! Get the hell out of here! Just leave your money behind. Audience, don’t you agree it is time to tell those greedy buggers to hit the road? If they don’t want to share, let them go elsewhere. I am sick of their selfish ways.”
- [Forecasting for Dummies](https://economicprism.com/forecasting-for-dummies/) - What Dr. Zoellner’s forecasting for dummies method seems to be missing is that a change to the world reserve currency is difficult to foresee. For it only happens once every century or two. Along these lines, the dollar could continue to slowly fall out of favor with foreign central banks. It may take a decade or it may take half-a-century.
- [How to Achieve Honest Banking](https://economicprism.com/how-to-achieve-honest-banking/) - The best way to end the too-big-to-fail advantage of the big banks is to let them fail. We thought the government was on to this when Lehman vanished from the face of the earth in late 2008. Yet shortly after that they lost their nerve. What a shame they didn’t let them all blowup. Sure, the sky would have fallen. But they would have given the world honest banking for three generations or more.
- [The End of Carte Blanche Bailouts](https://economicprism.com/the-end-of-carte-blanche-bailouts/) - Following the next crash the American populace won’t give the Fed and Treasury the carte blanche latitude to bailout the big banks. But that doesn’t mean the rascals won’t try it. No doubt, that’ll be for the last time.
- [What Is Really Backing the Dollar](https://economicprism.com/what-is-really-backing-the-dollar/) - This response provided the lucid edification we’ve always longed for from a Fed Chair. For we’ve always found the conventional assertion that the dollar’s backed by the full faith and credit of the U.S. government to be rather inadequate and insincere. Now, thanks to Yellen’s slipup, we finally know what the dollar’s really backed by… Nothing but a bunch of hot air.
- [The Health Care Crisis of the Century](https://economicprism.com/the-health-care-crisis-of-the-century/)
- [Change We Can Believe In](https://economicprism.com/change-we-can-believe-in/) - One week ago the S&P 500 hit a new record high. This week it rolled over. Could it be commencing its long overdue reversion to the mean? If it’s not, it should be. That’s the sort of change we can believe in. Can you?
- [Where the Stock Market Must Go](https://economicprism.com/where-the-stock-market-must-go/) - Stocks must eventually go down because they’ve been going up, nearly without interruption, for 5-years. It’s no secret that, sooner or later, stocks that are expensive will become cheaper. Similarly, stocks that are cheap will, at some point, become more expensive. This notion isn’t any more debatable than the seasons of the year.
- [A Buy Low Sell High Opportunity?](https://economicprism.com/a-buy-low-sell-high-opportunity/) - Russian stocks, as measured by the Market Vectors Russia ETF (NYSE: RSX), are down 15 percent year-to-date. On Monday alone, when it looked like President Vladimir Putin had lost his marbles, the RSX dropped 10 percent. On Tuesday, however, following Putin’s decision to not use force in Ukraine – for now – Russian stocks jumped 4 percent.
- [How the Fed Works to Spoil Your Retirement](https://economicprism.com/how-the-fed-works-to-spoil-your-retirement/) - Once retired, the challenge of making your money last really becomes difficult…especially with the Fed working to spoil your retirement. Reducing risk and avoiding a catastrophic capital loss makes overcoming inflation even more difficult. Trying to preserve your savings and stay ahead of inflation is the order of the day. Unfortunately, most people aren’t up to the task.
- [The Mark Zuckerberg Indicator](https://economicprism.com/the-mark-zuckerberg-indicator/) - Seemingly illogical things are happening. Mark Zuckerberg just paid $19 billion for a mobile phone App…and he thinks it’s worth much more. Obviously, Zuckerberg is much smarter than we are. He’s got the money to prove it. Even so, as a little guy investor looking to avoid playing the fool, his purchase – among other things – obliges us to pause.
- [Shattering the Fed’s Hall of Mirrors](https://economicprism.com/shattering-the-feds-hall-of-mirrors/) - Yet even more worrisome than crashing stock prices is the following question: What will the Fed be compelled to do when their hall of mirrors is shattered? Unfortunately, we may soon find out.
- [Total Abandonment of the Rules of Common Sense](https://economicprism.com/total-abandonment-of-the-rules-of-common-sense/) - Obviously, something has gone horribly wrong. The main cause, as best we can explain, is the near total abandonment of the rules of common sense in the dealing of money and credit. Old standards, old principles, and basic thinking have given way to quack economists and shameless political swindlers.
- [Price Rebound Speculating for the Calculated Profit Seeker](https://economicprism.com/price-rebound-speculating-for-the-calculated-profit-seeker/) - At the moment, it appears that we are in the price rebound part of the cycle. What’s more, a California drought or a late Midwestern freeze could help propel prices even more. Of course, buying shares of DBA isn’t an investment.
- [Paper Gold Ain’t as Good as the Real Thing](https://economicprism.com/paper-gold-aint-as-good-as-the-real-thing/) - Americans are right to fear their government, but they should fear their financial system as well. Governments have always rendered their paper currencies worthless. Paper entitling you to gold may give you more comfort than fiat dollars.
- [Ventures Into Sophism](https://economicprism.com/ventures-into-sophism/) - Assigning causality to explain a short-term price fluctuation is a venture into the murky waters of sophism. Any reason can be invented to explain anything no matter if it is flawed or not. For all we know, oil prices went up last Friday because of the weather…not because of a “risk-on rally.”
- [How to Retire a Decade Early](https://economicprism.com/how-to-retire-a-decade-early/) - You must think differently about the wealth you are growing outside your 401(k). Buying large, well run dividend paying companies at a good price, and reinvesting those dividends will anchor and grow your stock portfolio. But a small percentage of your investment money – maybe 10 percent – should be set aside for taking big bets.
- [Pray for Rain](https://economicprism.com/pray-for-rain/) - Here in the Golden State everything’s brown. The hillsides are dry and the scrubland vegetation’s a giant tinderbox. Sierra snowpack is only 12 percent of normal…the lowest it’s ever been since California began keeping records in 1960.
- [The Downside of the Bubble Economy](https://economicprism.com/the-downside-of-the-bubble-economy/) - The big bull market could just be taking a slight breather before stocks rocket into the upper stratosphere. On the other hand, they could be entering the downside of the bubble economy.
- [A Glimpse into the Coming Collapse](https://economicprism.com/a-glimpse-into-the-coming-collapse/) - Beginning in 1999, we predicted a systemic economic collapse that would take place in the First World and would impact all other economies. We began to list some of the “dominoes” that would fall as the collapse evolved and described that the “Great Unravelling,” as we termed it, would take roughly ten years. At that time, we guesstimated that the first two of the dominoes, a real estate crash and subsequent stock market crash in the US, would begin in about 2005.
- [Debt Downgrade Retaliation](https://economicprism.com/debt-downgrade-retaliation/) - Take former Treasury Secretary Timmy Geithner, for instance. He’s been out of office for a year. When he finishes writing his book on how he transferred taxpayer funds to private corporations during the financial crisis he’ll join Warburg Pincus as president and managing director in March.
- [How to Seize the Day with the Mother of All Speculations](https://economicprism.com/how-to-seize-the-day-with-the-mother-of-all-speculations/) - At the moment, despite its awful beating in 2013, gold’s price has stabilized and is setting up for a considerable rebound. What’s more, gold mining stocks are incredibly cheap. Quite frankly, this could be the mother of all speculations.
- [The Seven Year Decline of Economic Freedom](https://economicprism.com/the-seven-year-decline-of-economic-freedom/) - According to the 2014 Index of Economic Freedom published this week by the Heritage Foundation, the United States is no longer one of the world’s Top 10 freest economies. By their ranking we’re number 12 – one spot behind Estonia. Moreover, this marks the seventh consecutive year where a loss of economic freedom was recorded.
- [Duct Tape Economics](https://economicprism.com/duct-tape-economics/) - An economy is a multifarious organism. It’s impossible to add up the sum of all of its parts. Attempting to count up the beans of aggregate demand or gross domestic product, or to calculate the unemployment rate, is a misguided thing to do in the first place.
- [Some Lessons Cannot Be Learned from an iPad](https://economicprism.com/some-lessons-cannot-be-learned-from-an-ipad/) - Our grandchildren need to learn how to accumulate capital and make it grow. Then, someday, that money will give them many more cool life choices, like not having to work, particularly in a job they may not like. These are lessons on values and discipline that are unlikely to be taught satisfactorily outside of the home. As grandparents and parents, we must continue to remind ourselves that teaching these lessons is our job.
- [So Long Ben, and Thanks for All the Memories](https://economicprism.com/so-long-ben-and-thanks-for-all-the-memories/) - Outgoing Fed Chair Ben Bernanke took a moment last Friday to bid farewell. With his final speech as Fed Chair, he endeavored to clarify exactly what he’s been up to over the last eight years. Many topics were touched upon; strangely, trashing the currency wasn’t one of them.
- [Tree Branch Economics](https://economicprism.com/tree-branch-economics/) - Growing a tree branch of mass dependency and then hacking it off is cruel and insulting. Even a Congressional staffer would agree with this. When it comes down to it many people would’ve been better off had they never received an extended benefits payment to begin with.
- [Global Cooling and Other Guesses for 2014](https://economicprism.com/global-cooling-and-other-guesses-for-2014/) - Today we break from the past, and leap over the present, to focus our attention on the 12 months ahead. There’s a New Year in front of us and we step into it with excitement and anticipation. What will 2014 bring?
- [Travesty of a Free Society](https://economicprism.com/travesty-of-a-free-society/) - Positively, the Federal Reserve is a travesty of a free society. It always has been. Freedom, including free markets, simply cannot coexist with the Federal Reserve or any other central bank. By setting the price of money, they influence the price of everything.
- [A Brief Message from Scrooge](https://economicprism.com/a-brief-message-from-scrooge/) - “Scrooge was better than his word. He did it all, and infinitely more; and to Tiny Tim, who did NOT die, he was a second father. He became as good a friend, as good a master, and as good a man, as the good old city knew, or any other good old city, town, or borough, in the good old world.
- [How to Get Something for Nothing](https://economicprism.com/how-to-get-something-for-nothing/) - By the law of the no free lunch axiom, we must get nothing for something to balance out the Fed’s shenanigans. That’s how you get something for nothing. What we mean is, we’ll all pay for it in the end.
- [Confessions of a Compulsive Scribbler](https://economicprism.com/confessions-of-a-compulsive-scribbler/) - We are captivated by the stable instability of the economy and markets. We are mesmerized by the obsession of governments to influence things to their liking. Moreover, we are aghast at the harebrained schemes employed by bureaucrats as prudent policy.
- [Fantasy Stocks for a Fantasy Market](https://economicprism.com/fantasy-stocks-for-a-fantasy-market/) - They don’t ring bells at the top, but when a company called Fantex Holdings plans to sell shares in professional athletes and possibly actors and musicians, a chill should race up the spine of investors.
- [Fed Policy Reduction](https://economicprism.com/fed-policy-reduction/) - On the eve of their 100th year anniversary, they’ve effectively reduced Fed policy to the feeble absurdity of: To taper or not to taper?
- [Buck Butler's Doggone Miracle](https://economicprism.com/buck-butlers-doggone-miracle/) - By 2009 Buck owed over $3 million to various lenders. Yet he didn’t have much more than a penny to his name. There was only so much longer that he could hold things together…a looming bankruptcy was practically guaranteed. But then, when all hope had faded and only despair was left…a doggone miracle happened.
- [Albert Einstein’s Eighth Wonder of the World](https://economicprism.com/albert-einsteins-eighth-wonder-of-the-world/) - “Compound interest is the eighth wonder of the world,” goes a quote oft attributed to Albert Einstein. “He who understands it, earns it. He who doesn’t, pays it.” We don’t know if Einstein actually said this, but we do appreciate its sentiments.
- [As Good As It Gets](https://economicprism.com/as-good-as-it-gets/) - That’s what makes Thanksgiving Day unique in American culture. It doesn’t matter if you bow down before the God of the bible or the god of Mammon. More than any other holiday, people celebrate Thanksgiving with a shared conviction.
- [What You Need to Know about What’s Going on with Natural Gas](https://economicprism.com/what-you-need-to-know-about-whats-going-on-with-natural-gas/) - There will be significant changes taking place associated with retooling electricity generation from coal to gas fuel and increased exports. How to best invest to profit from the changes are what we are after.
- [Digital Tulipomania?](https://economicprism.com/digital-tulipomania/) - Bitcoin started the year at about $14 and notched a peak of $900 earlier this week. That’s over a 6,000 percent increase. Could this be the makings of a digital tulipomania?
- [Playing with Fire](https://economicprism.com/playing-with-fire/) - This is the fire the Federal Reserve is playing with in its ongoing debt monetization experiment. Moreover, Federal Reserve chair elect Janet Yellen won’t stop until the dollar’s turned to ash.
- [Where Does the Money Come From?](https://economicprism.com/where-does-the-money-come-from/) - Where does the money come from? The answer, regrettably, is so unconscionable it’ll make an honest man choke on his morning coffee and a credit card fraudster blush… The Fed just makes a notation in its ledger and – out of thin air – magically has the money to buy Treasuries and mortgages.
- [Tomato Economics](https://economicprism.com/tomato-economics/) - What we really mean is, as the late British journalist Miles Kington, once remarked, “Knowledge is knowing a tomato is a fruit; wisdom is not putting it in a fruit salad.”
- [Redistributing Wealth to the Rich](https://economicprism.com/redistributing-wealth-to-the-rich/) - The stock market’s launch into the upper stratosphere hasn’t done a lick for the average worker. Most people still find themselves behind where they were when the last recession started in 2007. In fact, median household income is still down over 6 percent from where it was in December 2007.
- [Stunting the Lives of Millions](https://economicprism.com/stunting-the-lives-of-millions/) - When the government enacts a new system of benefits they tilt the world up on end in unnatural, irregular ways. Through policies of forced benevolence and mandatory philanthropy entire segments of the population have been stunted in ways they never would have without them. Living off the dole becomes a way of life.
- [Dependent Upon A Bankrupt System](https://economicprism.com/dependent-upon-a-bankrupt-system/) - People have structured their entire lives so that they’re entirely dependent upon a bankrupt Social Security system at the precise moment when they’re most vulnerable…when they’re too old to work.
- [Property Confiscation Is Coming](https://economicprism.com/property-confiscation-is-coming/) - The state will do whatever it takes to remain in business. Confiscation of your property through a “capital levy” is coming. These are the reality of what’s before us.
- [Economic Frankenstein](https://economicprism.com/economic-frankenstein/)
- [How to Enjoy the Magic of Rising Stock Prices](https://economicprism.com/how-to-enjoy-the-magic-of-rising-stock-prices/)
- [Ten Things to Expect from Obamacare in 2014](https://economicprism.com/ten-things-to-expect-from-obamacare-in-2014/) - It’s been clear to anyone paying attention that the October “rollout” of Obamacare has been a turbulent, confusing disaster. Sloppy IT systems and technological failures combined to cripple Obamacare’s sign-up systems. Security flaws put Americans at risk for identity theft.
- [The New Era of Fed Activism](https://economicprism.com/the-new-era-of-fed-activism/) - The Federal Reserve is rotten to the core. It always has been. Like Ben Bernanke, Janet Yellen is a complete lunatic. But unlike Bernanke she’s an activist too. She’ll do anything for the sake of doing something…even if it ruins us all.
- [Janet Yellen’s Bad Idea](https://economicprism.com/janet-yellens-bad-idea/) - This week brought forth word that Federal Reserve Vice Chairwoman Janet Yellen will likely replace Ben Bernanke as top Fed official in January. On Wednesday President Obama named Yellen as his nominee to be the next chair of the Federal Reserve. If you didn’t know, Yellen has held various positions with the Fed over the last 20 years.
- [How American Government’s Supposed to Work](https://economicprism.com/how-american-governments-supposed-to-work/) - This is exactly how American government’s supposed to work. The Constitution grants the House of Representatives the power of the purse. It is their responsibility, as representatives of the people, to use this power to provide checks and balances. Conversely, it is irresponsible for the House to only serve to rubberstamp the biddings of the President.
- [Ground Control to Major Tom: Reserves Are in Jeopardy](https://economicprism.com/ground-control-to-major-tom-reserves-are-in-jeopardy/) - When you hear about the “gold reserves” a mining company has in the ground, the natural assumption would be that they’re talking about a fixed number of ounces. After all, gold doesn’t decay, and neither does it grow legs and move someplace else. But assumptions are dangerous. In fact, industry-wide, reserves are likely to fall fairly significantly in the near future.
- [Committed to Mass Public Spending](https://economicprism.com/committed-to-mass-public-spending/) - The government committed itself long ago to a system of mass public spending; there’s no turning back now. Thus, while individuals are generally appalled by the nation’s staggering debt levels the collective voter continues to demand their share of government pork.
- [End Stimulus Now!](https://economicprism.com/end-stimulus-now/) - When it comes down to it the country can no longer borrow and spend its way to prosperity. There are too many obligations. There are too many dependents. They are too massive for the productive class to support. So why bother extending it out any further? Instead, dial it back. Reduce the lard. Stop QE. End stimulus now.
- [Shattering the Debt Ceiling](https://economicprism.com/shattering-the-debt-ceiling/) - The government shutdown should have already happened. Months ago. That’s when the Treasury maxed out its legally authorized debt allowance. Unfortunately, the Treasury’s been substituting honest accounting for fudge to balance its books.
- [Stock Market Shangri-La](https://economicprism.com/stock-market-shangri-la/)
- [Cal Worthington RIP](https://economicprism.com/cal-worthington-rip/) - Car dealer and ad man Cal Worthington died last week. He was 92 years old. So, too, died one of the final remnants of California’s golden era…when eccentrics and delusionals ruled the land.
- [Could This Be the Next Bakken?](https://economicprism.com/could-this-be-the-next-bakken/) - Right now, I have my eyes on a company that I believe has the potential to exceed both Africa Oil and Cuadrilla in terms of its explosive upside… because I think it found “the next Bakken.”
- [The Economic Recovery that Never Was](https://economicprism.com/the-economic-recovery-that-never-was/) - When stock prices fall again there will be no disagreement. We are living in the economic recovery that never was. For now, however, people can sleep well. The S&P 500 rose 1 percent yesterday…Caveat emptor – Let the buyer beware.
- [Death of the Consumer and Other Miracles](https://economicprism.com/death-of-the-consumer-and-other-miracles/) - Happily, for now, the consumer is dead. They’ve thrown in the towel and are refusing to buy more stuff on bank credit. Perhaps manufacturing and construction spending will provide the severely needed growth engine for the economy. At the very least, it will generate some production.
- [Secrets of the September Swoon](https://economicprism.com/secrets-of-the-september-swoon/) - Being patient and prepared to buy following a price correction is the secret to using the September swoon to your favor. Though, few will actually take advantage of it.
- [Extreme Treasury Corruption](https://economicprism.com/extreme-treasury-corruption/) - Deficit spending, by definition, requires borrowing money to cover a funding gap. But how can the Treasury borrow money without adding to the debt? They can’t.
- [Things Are Getting Better and Other Popular Lies](https://economicprism.com/things-are-getting-better-and-other-popular-lies/) - Despite what Obama says, you knew things were not getting better. Obama has told you otherwise. So has the Fed. They’ve been telling lies.
- [Something Big is Coming](https://economicprism.com/something-big-is-coming/) - Does the flap of a butterfly’s wings in Brazil set off a tornado in Texas? Most of the time, no. But occasionally, yes. The yield on 10 year U.S. Treasuries is up nearly 120 basis points since early May. What will happen when the yield tops 3 percent? No doubt, something big is coming. You can almost feel it.
- [Mrs. Knott’s Chicken Dinner Restaurant Inflation Instruction](https://economicprism.com/mrs-knotts-chicken-dinner-restaurant-inflation-instruction/) - Drawing from the instruction of Mrs. Knott’s Chicken Dinner Restaurant, serving chicken dinners is an effective way to protect savings and build wealth in an age of mass inflation.
- [The Illusion of Safe Investing](https://economicprism.com/the-illusion-of-safe-investing/) - Low-yield investments like CDs, or basically any investment that locks in money without keeping pace with inflation, do not meet that basic standard of safety.
- [Beardless Ben and Bad Bet Summers](https://economicprism.com/beardless-ben-and-bad-bet-summers/) - These are the choices: Bad Bet Summers and Beardless Ben. We haven’t seen picks this bad since the last presidential election.
- [A New Plan to Socialize Losses](https://economicprism.com/a-new-plan-to-socialize-losses/) - The government will promote a “heads, I win…tails, you lose” environment where banks and investors reap big profits taking on big risks and where the losses are socialized by tax payers.
- [Exercises in Futility](https://economicprism.com/exercises-in-futility/) - Last Wednesday Federal Reserve Chairman Ben Bernanke said he and his cohorts would continue huffing and puffing $85 billion of created money into the financial system until the economy improves. Unfortunately, if it hasn’t worked so far it never will. Continuing to further push on the string is a massive exercise in futility.
- [10 Reasons Why Obamacare Is Going to Ruin Your Medical Care… and Your Life](https://economicprism.com/10-reasons-why-obamacare-is-going-to-ruin-your-medical-care-and-your-life/) - The bottom line is that Americans are losing more and more of their medical freedom. By 2015, so many workers will be trapped in the government-run health insurance exchanges that there will be no going back to the private plans we have today. At this rate, single-payer proponents will drive private insurance companies out of business, which has been their intention all along.
- [The Joy of Going for Broke](https://economicprism.com/the-joy-of-going-for-broke/) - We are experiencing the last joyful hurrah, in the form of EBT funded offshore shipments of food, which accompanies going for broke. The circumstances are heinous. Enjoy the travesty while it lasts.
- [Guided By the Heavy Hand of Government](https://economicprism.com/guided-by-the-heavy-hand-of-government/) - In Obama’s world this sort of randomness must be improved. What we mean is, in the year 2013, the economy’s hardly free. Markets are not guided by an invisible hand, as first elaborated by Smith. Rather, they are guided by the heavy hand of government… A heavy hand of government that’s driving the middle class straight to hell.
- [Detroit Bankruptcy Uncovers Disastrous Pension Fund Fudge Factor](https://economicprism.com/detroit-bankruptcy-uncovers-disastrous-pension-fund-fudge-factor/) - Detroit’s bankruptcy uncovers a dirty little actuarial secret that’ll spell disaster for pension funds across the nation.
- [The High Point of China’s Economic Boom](https://economicprism.com/the-high-point-of-chinas-economic-boom/) - What is clear is that China’s banking system is overextended. It has loaned out far too much money to support a real estate bubble that has received far too much investment. Investors and banks alike are in serious trouble. As to what extent will soon be known.
- [Your Summer Tax Increase](https://economicprism.com/your-summer-tax-increase/) - The end result is that when gas prices rise overall consumer spending declines. And less spending means slower economic growth. We suppose tomorrow’s headlines will say something to that effect.
- [Market Moves Ahead Should be Good for Gold, Bad for the US Dollar](https://economicprism.com/market-moves-ahead-should-be-good-for-gold-bad-for-the-us-dollar/) - As fundamental dollar selling kicks in, full-fledged dollar dumping along with heavy sales of dollar-denominated paper assets are likely to unfold. Preceding, or coincident with that, the global reserve status of the US dollar should be challenged.
- [Safe Investment Losses](https://economicprism.com/safe-investment-losses/) - The Labor Department reported Friday that employers added 195,000 new jobs to their payrolls in June. Nonetheless, the unemployment rate remained at 7.6 percent, as people entering the workforce subtracted out all job gains. Still, markets were delighted.
- [Programs to Control the Uncontrollable](https://economicprism.com/programs-to-control-the-uncontrollable/) - Still we’re eager to see the great Abenomics experiment in action. For one, it’ll provide a valuable insight to what awaits the United States if it allows its runaway debt growth to continue. In addition, it’ll highlight the shortcomings of man and his endless programs to control the uncontrollable.
- [Howl at the Moon](https://economicprism.com/howl-at-the-moon/) - In the spirit of constructive mischief, and in violation of city ordinance, we’ll light off a Piccolo Pete and we’ll howl at the moon. And we’ll celebrate the Independence of These United States.
- [Where the Big Lessons will be Learned](https://economicprism.com/where-the-big-lessons-will-be-learned/) - Regardless of if stocks boom or bust our attention is on Treasuries. That’s where the big lessons will be learned. We believe interest rates have hit a new inflection point. In other words, rates will rise over the next 30 years…you can count on it.
- [What Are Reasonable Gold Market Expectations?](https://economicprism.com/what-are-reasonable-gold-market-expectations/) - The historical record shows that those who get washed out during big corrections miss the greatest buying opportunities of a bull market. With that as context, what can we expect from gold moving forward?
- [Clogging Up the Economy](https://economicprism.com/clogging-up-the-economy/) - The whole economy has been clogged up by the Fed’s abundance of cheap credit. Businesses that should have failed are still operating…though they are not growing. They are not adding to their payrolls. They are subsisting.
- [Ignore Banks’ Bearish Statements on Gold](https://economicprism.com/ignore-banks-bearish-statements-on-gold/) - This review of history gives us the confidence to know that our gold investments are on the right track. I hope you’ll join me and everyone else at Casey Research in accepting this message from history and staying the course.
- [Notes from Cabo San Lucas](https://economicprism.com/notes-from-cabo-san-lucas/) - The native inhabitants of Cabo San Lucas, the Pericú, had a rough go of it in their twilight years. First they were overrun by Hernán Cortés and his Spanish Conquistadores in the 16th century. Then, two centuries later, Jesuit missionaries told them what position to make love in.
- [Ingesting Rabbit for Supper](https://economicprism.com/ingesting-rabbit-for-supper/) - Cousin Caesar brought a rabbit soaked in a cactus and chili marinade. “It’s good,” promised Caesar, grinning through a gaping hole in his front teeth which we presume was knocked out in a Mexico City scuffle back in his native country.
- [Economic Subsistence](https://economicprism.com/economic-subsistence/) - The Fed added $3 trillion to its balance sheet and rather than an economic boom…we got an economy that subsists on ever increasing issuances of cheaper and cheaper credit. Cut it off and the price structure caves.
- [Salting the Earth with Money](https://economicprism.com/salting-the-earth-with-money/) - After five years of rapidly expanding their balance sheet and pumping cheap credit and excess liquidity into financial markets the Federal Reserve has surfaced a similar paradox.
- [Jabberwocky Adhesive Tape](https://economicprism.com/jabberwocky-adhesive-tape/) - Negative real interest rates, if you never considered them, are as queer as a three dollar bill. They represent an absurdity. They signify what Lewis Carroll called “Jabberwocky.” They are complete nonsense.
- [Is Real Estate Ever a Wise Investment for Retirees?](https://economicprism.com/is-real-estate-ever-a-wise-investment-for-retirees/) - Making money in real estate is no easier than it is in the stock market. It requires a lot of work, patience, and in some cases a lot of luck. Retirement is not the time for a “get rich quick” scheme.
- [Market Forces and Market Intervention](https://economicprism.com/market-forces-and-market-intervention/) - Market forces ultimately overcome market intervention. They clarify absurdities created by the Fed in an effort to bend the world to their liking. Like 10-Year Treasuries yielding 1.4 percent. Like 30-Year mortgage rates at 3.5 percent.
- [Our Trip to Sunny Fields](https://economicprism.com/our-trip-to-sunny-fields/) - Solvang, which is Danish for sunny fields, is a disorienting delight. How is it that a small Danish village, where pickled herring and red cabbage are more common than hamburgers and tacos, came to be in a California coastal valley?
- [The Mad World of Money](https://economicprism.com/the-mad-world-of-money/) - The United States has been running consistent trade deficits since 1980. Yet, despite years and year of this, and Bernanke’s best efforts to cheapen the currency, foreign lenders continue to demand dollars. Who knows how long this can go on? It makes no sense. But this is the mad world of money we live in.
- [Bernanke’s Monetary Philosophy, Explained](https://economicprism.com/bernankes-monetary-philosophy-explained/) - The whole of Bernanke’s monetary philosophy may be reduced to two propositions, neither of which is true. This first is the proposition that creating massive amounts of money from nothing and loaning it to the Treasury lowers the unemployment rate. The second is the proposition that creating massive amounts of money and loaning it to the big banks brings wealth to the world.
- [To The Class of 2013](https://economicprism.com/to-the-class-of-2013/) - Today we depart from our usual cogitations to offer some remarks to the Class of 2013. Though no trade school or remedial academy invited us to deliver this year’s commencement address, we won’t let that get in the way. What follows, free of charge, are several observations, opinions, and anecdotes, we’ve prepared for this year’s graduating class…
- [Coming Uncorked](https://economicprism.com/coming-uncorked/) - This means the transmission device is finally beginning to function again and credit is beginning to flow into the economy for the first time since mid-2008. This also means inflation is about to come uncorked.
- [Another All Time High](https://economicprism.com/another-all-time-high/) - The market will keep shrugging off bad news until just the moment it doesn’t. In the meantime, new all-time highs will be set practically every day…like yesterday. We’ll simply watch the spectacle in awe with anticipation of what follows.
- [Overloaded with Debt and No Jobs to Be Had](https://economicprism.com/overloaded-with-debt-and-no-jobs-to-be-had/) - After several months with no apparent impact, the double whammy of increased payroll taxes and federal spending cuts has now come down on the economy like the blunt edge of a meat cleaver.
- [Tend to Your Garden](https://economicprism.com/tend-to-your-garden/) - Tend to your garden, hand squeeze a fresh glass of lemonade, and be happy. Before long, hard granite bedrock will be exposed providing the solid foundation for which a new generation of wealth will be built upon. Make sure you get your share of it.
- [Seeing Through the Mirage](https://economicprism.com/seeing-through-the-mirage/) - The economy’s dependent on inflating asset prices. In other words, the appearance of rising prosperity is one great big mirage. In fact, if you look past the headlines…you can see right through it.
- [Do You Have the Conviction to Get Rich?](https://economicprism.com/do-you-have-the-conviction-to-get-rich/) - For those who got rich, it didn’t take guts, special foresight, or luck. It took persistence and the conviction to stick to a boring, but time-tested way to get rich. Anyone can do it…including you. But will you? Do you have the conviction to get rich?
- [Will Obama’s Chained CPI Help Keep Inflation from Eating into Your Savings?](https://economicprism.com/will-obamas-chained-cpi-help-keep-inflation-from-eating-into-your-savings/) - I’ve recently updated our ground-breaking dividend investment plan called Money Every Month. The plan is just as the name indicates: you get dividend payments every month from select dividend paying stocks. In this plan I show you how to set up your monthly payment plan and even which stocks to start out with, plus recommendations for those who are more adventurous.
- [Get On the Road to Riches Today](https://economicprism.com/get-on-the-road-to-riches-today/) - It may seem boring at first. But soon enough you’ll begin to like it. For you’ll be on the road to riches. Plus, if you’re an aging baby boomer looking to turn your savings into retirement income, this is an opportunity you can’t afford to pass up.
- [Just a Few Nuts a Day Makes All the Difference](https://economicprism.com/just-a-few-nuts-a-day-makes-all-the-difference/) - The simple fact of the matter is that Ms. Flatley was gainfully employed for 30 years. If she’d squirrelled away just $6 dollars a day over that 30-year period, and assuming no interest or investment return, she’d have a $65,700 pile of nuts to draw from to supplement her $890 per month Social Security check.
- [The Biggest Baddest Bubble of All](https://economicprism.com/the-biggest-baddest-bubble-of-all/) - What we are talking about is the 40-year bubble in fiat paper money. Namely, in paper Federal Reserve Notes…commonly referred to as dollars. This is the biggest baddest bubble of all.
- [Open Season on Savers](https://economicprism.com/open-season-on-savers/) - If you hadn’t noticed, it’s open season on savers…and not just in Cyprus. Here in the U.S. savers are being hunted like wild boar. They don’t stand a chance.
- [Fighting the Next War](https://economicprism.com/fighting-the-next-war/) - Our gut tells us stocks could free fall 30 to 40 percent within the next 2-years. Despite this conviction stocks are the place to be over the next decade. They’ll provide wealth preservation in the face of the next war of burgeoning price inflation.
- [Dark Clouds on the Horizon](https://economicprism.com/dark-clouds-on-the-horizon/) - But what’s this? Is that a dark cloud from Cyprus on the horizon…here to rain on the Fed’s parade? Perhaps it’ll only bring a light shower; enough to irrigate the markets so they can grow bigger and bear evermore plentiful fruits. Or it could bring the great storm…that spreads across Europe and the rest of the Western world.
- [On Price Distortions and Landmines](https://economicprism.com/on-price-distortions-and-landmines/) - That’s when the absurdities of the Fed generated price distortions become fully apparent. There are plenty of landmines in place before you. Ten Year Treasuries yielding 1.96 percent is one example. Dow approaching 14,500, with 70 percent of stocks purchased on margin, is another.
- [What’s Really Propelling the Stock Market Higher](https://economicprism.com/whats-really-propelling-the-stock-market-higher/) - The rise in stock market prices is being propelled by accelerating margin debt. In other words, stocks are rising on pure price speculation.
- [Who’s Living Large in Retirement?](https://economicprism.com/whos-living-large-in-retirement/) - Whether you are in the government or private sector, the combination of tax-deferred retirement income, savings and prudent investing, and most importantly—having an easy to use plan that you’ll actually follow—is what will help you enjoy your “golden years.”
- [On the Good and Proper Way to Celebrate the New Bull Market](https://economicprism.com/on-the-good-and-proper-way-to-celebrate-the-new-bull-market/) - As stocks approach a new bull market, we want you to be prepared to celebrate it in a good and proper way. Our recommendation is to celebrate it the way a designated driver celebrates at the company holiday party.
- [Dead Wrong](https://economicprism.com/dead-wrong/) - Bernanke, of course, was dead wrong…housing declined on a nationwide basis and employment has never recovered.
- [On Maximum Collective Welfare](https://economicprism.com/on-maximum-collective-welfare/) - The light being a socialist utopia achieved through “scientific management” of the economy, lorded over by the Ministry of Production. Through this endeavor, he conceived, an economy could attain “maximum collective welfare.”
- [Apocalyptic Revelations and Other Fictions of Government](https://economicprism.com/apocalyptic-revelations-and-other-fictions-of-government/) - by now you know that Obama’s visions of the apocalypse are all one giant soap opera…a never ending series of dramatic fiction. You’ve witnessed the various episodes, like the debt ceiling, fiscal cliff, and, now, budget sequestration. It’s all a great show to make it appear that the federal government’s addressing their spending problem.
- [The Best Laid Schemes of Mice and Men](https://economicprism.com/the-best-laid-schemes-of-mice-and-men/) - You see, the first part of Abe’s scheme has gone flawlessly. Sale of consumer products from Japanese exporters like Sony and Sharp have increased as the yen’s value has decreased over the last several months. But, after that, things have quickly gone awry.
- [Warren Buffett’s Unique Problem and Solution](https://economicprism.com/warren-buffetts-unique-problem-and-solution/) - One day, probably not far from now, Buffett’s purchase of H.J. Heinz will prove to be yet another one of his hallmark investment successes. By then the nominal price he paid will seem cheap for the value he received.
- [High Yield Dividend Stocks: What Every Investor Should Look For](https://economicprism.com/high-yield-dividend-stocks-what-every-investor-should-look-for/) - It can be mighty hard to earn any interest at all in today’s banking environment. Many in­vestors are looking to riskier investments to find the kind of returns they once got from an FDIC-insured CD or even a savings account. But don’t despair. There are still a few decent ways to make your cash earn some income without putting it at too great a risk.
- [The Great Money Caper](https://economicprism.com/the-great-money-caper/) - As you can see, across the planet, money – including your money – is under attack. Central banks are going all in… The great money caper is upon us.
- [Conscious Capitalism and Willing Participants](https://economicprism.com/conscious-capitalism-and-willing-participants/) - Mackey, as opposed to Jimmy, brings value to the world each and every day through Whole Foods Market and his objectives of conscious capitalism. He endeavors to give people what they want and he invites his employees to willingly participate in this undertaking. Obviously, if his customers don’t like it they can shop elsewhere. Moreover, if his employees don’t like it they can work elsewhere.
- [Scraps of Paper Be Damned](https://economicprism.com/scraps-of-paper-be-damned/) - These days, after continually being lied to by politicians and having their noses repeatedly rubbed in the mud by the government, the public trust is gone. It doesn’t matter what gun control laws or acts Congress passes. Americans will resist. Scraps of paper be damned.
- [The United States Can't Afford Prosperity](https://economicprism.com/the-united-states-cant-afford-prosperity/) - Here we’ll pause to let you in on an obvious, yet little known, secret: The United States can’t afford prosperity.
- [Currency Wars and the New Age of Desperation](https://economicprism.com/currency-wars-and-the-new-age-of-desperation/) - The more economies sputter the more governments, and their central banks, will pursue prosperity through ruining their currencies. In the new age of desperation, the race to the bottom is on.
- [When Not to Buy Stocks](https://economicprism.com/when-not-to-buy-stocks/) - In short, there are times to buy stocks…now is not one of those times. Plus, don’t underestimate the damage the higher payroll taxes will do to the economy in 2013. This amounts to a reduction of household incomes by a collective $125 billion.
- [Davos Polka Dance](https://economicprism.com/davos-polka-dance/) - Welcome to the World Economic Forum! We ask that while you’re here, despite the smug agenda, you don’t take what you hear to be all that important. Event organizers, for example, have titled this year’s gathering: Resilient Dynamism. What does placing these two words next to each other really mean?
- [The End of Coercive Transfer Payments](https://economicprism.com/the-end-of-coercive-transfer-payments/) - This will bring a tax revolt that ends coercive transfer payments. Regrettably, dependents and recipients who paid into the system their whole working lives will be cutoff.
- [The Recession of 2013?](https://economicprism.com/the-recession-of-2013/)
- [How to Erase the Federal Debt and Other Bad Ideas](https://economicprism.com/how-to-erase-the-federal-debt-and-other-bad-ideas/) - Did Riley ever stop to consider how a $1 trillion coin without $1 trillion of real wealth backing it could enter into circulation without debasing the dollar? If it would really solve things, why stop with $1 trillion…why not ‘erase’ all the debt with a $16 trillion coin?
- [Is American Justice Dead?](https://economicprism.com/is-american-justice-dead/) - Every nation-state has a body of laws woven into the fabric of society. As Peruvian economist Hernando de Soto has commented on extensively, the stronger the rule of law, the stronger the economy.
- [“We Know Better!”](https://economicprism.com/we-know-better/) - ‘“So they know better,’ says Mr. Balcerowicz, about the latest fads in central banking. ‘Risk premiums [interest rates] are too high—according to them! They are above the judgments of the markets. I remember this from socialism: ‘We know better!’”
- [Exiting the Eye of the Hurricane and Other 2013 Predictions](https://economicprism.com/exiting-the-eye-of-the-hurricane-and-other-2013-predictions/) - Over the last several years, despite weak growth, the economy has advanced within the relative calm of the eye of a financial hurricane. This year the economy will exit the eye of the hurricane and reenter the violently twisting cyclone. All the problems that came to a crisis in 2008 have only been made bigger…this is what will make the recession of 2013 particularly difficult.
- [Confessions of a Dream Chaser](https://economicprism.com/confessions-of-a-dream-chaser/) - We are misfits, dreamers, and poets. We will never give into this notion. We will always strive to overcome it.
- [Special Christmas Edition](https://economicprism.com/special-christmas-edition/) - As this immortal scene from the Charles Dickens’ classic, A Christmas Carol, declares…“It’s Christmas Day.” So on this special day of redemption and reconciliation, we’ll pause from our usual musing on the economy and financial markets to leave you with a little more Dickens
- [Welcome to Life After the End of the World](https://economicprism.com/welcome-to-life-after-the-end-of-the-world/) - Yet humans are a persistent species. Some Mayans continued to live…even after the end of the world. In fact, there are approximately 800,000 Mayans currently living on Mexico’s Yucatan peninsula.
- [Breaking Down a Biotech Winner](https://economicprism.com/breaking-down-a-biotech-winner/) - Traditional cancer treatment options are little more than a crude mix of “slash, burn, and poison” – that is surgery, radiation, and chemotherapy. There are radical new treatments in labs and trials all over the world that promise to throw out this trifecta; no other disease has received more of the research interest and funding that have defined modern biotechnology over the past three decades.
- [Blowing Gas](https://economicprism.com/blowing-gas/) - Unquestionably, the Fed will continue blowing gas into the system. They won’t stop. They’ll keep blowing more and more gas until the whole thing blows up in a giant fireball. It should be quite a show.
- [The Malady of the Federal Reserve](https://economicprism.com/the-malady-of-the-federal-reserve/) - The Federal Reserve continues to suffer from the malady of the ignorant. They continue to affect the price of all goods and services by tinkering with the price of money rather than lettering free individuals (i.e. lenders and borrowers) enter into private contracts to determine the price of money on a transaction by transaction basis.
- [Are You Ready?](https://economicprism.com/are-you-ready/) - That will give President Obama, and his brain trust, the crisis they need to really make a mess of things. What’s more, people will demand it. No doubt, the government will spend in earnest…until the dollar cracks. Are you ready?
- [Economic Reduction](https://economicprism.com/economic-reduction/) - In addition to the example provided above describing how dividend reinvestment spurs economic growth, there are countless other ways this taxation policy reduces the economy
- [Facing the Facts of Financial Doom](https://economicprism.com/facing-the-facts-of-financial-doom/) - The fact of the matter is, government finances are doomed…and everyone dependent upon the current system remaining in place has an epic disappointment coming their way.
- [Jerry’s Definitive Moonshot](https://economicprism.com/jerrys-definitive-moonshot/) - Earlier this month Governor Moonbeam pulled off a definitive moonshot. He convinced voters that raising both sales and income taxes – again – by passing Proposition 30 was an intelligent thing to do.
- [Obama: The Carbon Tax Hero](https://economicprism.com/obama-the-carbon-tax-hero/) - With the backing of Exxon, expect Obama to not only bring in a carbon tax, but to do it a lot quicker than anyone has expected – and he will be viewed as a hero by many for doing it.
- [Grateful People Are Happy People](https://economicprism.com/grateful-people-are-happy-people/) - One of life’s essential axioms is, “Grateful people are happy people and those that aren’t, aren’t.” We first encountered this adage many years ago, stenciled on the wall at a fellowship hall.
- [How to Fix America's Debt](https://economicprism.com/how-to-fix-americas-debt/) - Supporting the CEOs plan to fix America’s debt could cost them votes. Instead they’ll do the opposite.
- [Jump!](https://economicprism.com/jump/) - So while members of Congress and the President haven’t yet called us up to ask for advice on how to deal with the fiscal cliff, we’ll offer it up free of charge… Jump!
- [The Temporary Madness of an Ugly Mathematics World](https://economicprism.com/the-temporary-madness-of-an-ugly-mathematics-world/) - Then there’s the madness of the unfunded liabilities of Social Security, Medicare, and Medicaid…all are bleeding red. For now, the Treasury band aides over the red by selling treasury notes. This requires ever increasing amounts of debt. Do you see the problem?
- [Get Me Out](https://economicprism.com/get-me-out/) - If the Fed stops its money creation policies now, the great default will occur. If they continue to destroy the currency, they can suspend the default only until they destroy us all.
- [Economic Dependency and Looming Disaster](https://economicprism.com/economic-dependency-and-looming-disaster/) - For investors, the rise in asset prices may be encouraging. They may even make people feel wealthier, smarter, and younger too. But if the rise in asset prices is not accompanied by real economic growth…disaster looms and future losses will ultimately occur.
- [Putin Is the New Global Shah of Oil](https://economicprism.com/putin-is-the-new-global-shah-of-oil/) - Exxon Mobil is no longer the world’s number-one oil producer. As of October 25th, that title belongs to Putin Oil Corp – oh, whoops. I mean the title belongs to Rosneft, Russia’s state-controlled oil company.
- [Why U.S. Treasuries are No Longer the Safest Investment in the World](https://economicprism.com/why-u-s-treasuries-are-no-longer-the-safest-investment-in-the-world/) - The world’s a humbling place. It’ll change right before your very eyes and you don’t even know it…until it’s too late. Where markets are concerned this can be an expensive and chastening lesson.
- [The Revolt Against Absurdity](https://economicprism.com/the-revolt-against-absurdity/) - Credit default swaps insuring Greek debt rose in price yesterday to cover a 98 percent chance there will be a Greek default in the next five years. But perhaps it will happen sooner.
- [The Economic Shredding Machine](https://economicprism.com/the-economic-shredding-machine/) - Like the U.S. Treasury, President Obama’s recent jobs proposal is bankrupt. Quite frankly, we weren’t counting on much. But that doesn’t mean we still weren’t disappointed by its burdensome emptiness.
- [Magnifying a Magnificent Debt Bubble](https://economicprism.com/magnifying-a-magnificent-debt-bubble/) - Last week it was discovered that, Kweku Adoboli, a 31-year-old equities trader for the Swiss bank UBS, had gone rogue. In a remarkable misadventure he managed to blow $2 billion of other people’s money at his employer’s expense.
- [On Scientific Management of the Economy and Going for Broke](https://economicprism.com/on-scientific-management-of-the-economy-and-going-for-broke/) - Federal Reserve Chairman Ben Bernanke should never have left Princeton. He’s much better suited for a lifetime of pontification than real work. Not that chairing the Federal Reserve is real work.
- [Change We Can Believe In: Soak the Rich](https://economicprism.com/change-we-can-believe-in-soak-the-rich/) - Sometime in early 1848 French poet Alphonse de Lamartine had a change of appetite. For whatever reason, he no longer took to gobbling up frog legs but to gobbling up the new, forward thinking, ideas of the day.
- [China’s Return to Normal](https://economicprism.com/chinas-return-to-normal/) - The stock market watches Europe with intent hesitation. Up one day. Down the next. One day Europe’s on the verge of financial meltdown and stocks are in the cellar. The next day rumors of a big bailout have markets floating above the clouds.
- [Lurching Back into the Vicious Cycle of Recession](https://economicprism.com/lurching-back-into-the-vicious-cycle-of-recession/) - Last Friday the Commerce Department announced that private sector wages and government benefits both fell in August. The combination of these two undesirable data points resulted in the first monthly decline in overall personal income since October 2009.
- [The Way Out of Our Economic Mess](https://economicprism.com/the-way-out-of-our-economic-mess/) - “A rock and a hard place” is a long-running theme of Casey Research publications. It refers to the dilemma the US government has wandered into with its continued policy of rescue inflation.
- [A Telling Sign of Things to Come](https://economicprism.com/a-telling-sign-of-things-to-come/) - The Labor Department reported last Friday that 103,000 jobs were added in September. Considering the lethargic state of the economy, this number could have been much worse. Nonetheless, a quick scratch below the surface reveals the headline jobs number wasn’t quite what it first appeared.
- [Let Them Fail](https://economicprism.com/let-them-fail/) - Good jobs are in high demand these days. Yet, unfortunately, they’re in limited supply. Gone are the days when any old hack could show up with a tie and a smile, shuffle papers around a cubicle, surf the internet all day, drink coffee on the house, and collect a comfortable paycheck every two weeks.
- [Life After the Day of Reckoning](https://economicprism.com/life-after-the-day-of-reckoning/) - The 2011 fiscal year ended on September 30th and the beans of U.S. Government revenue and spending have been counted up. Total revenue for the year was $2.3 trillion. Total spending for the year was $3.6 trillion.
- [The Wrath of Inflation](https://economicprism.com/the-wrath-of-inflation/) - The U.S. Bureau of Labor Statistics reported on Wednesday that inflation, as measured by the Consumer Price Index, increased 0.3 percent in September. Increases in energy and food prices were the main contributors to the rise.
- [The Euro is Done](https://economicprism.com/the-euro-is-done/) - The November issue of National Geographic tells of the recent discovery of the Staffordshire Hoard – a treasure of gold, silver, and garnet military objects from the early Anglo-Saxon era that had been buried in the English countryside for 1300 years.
- [Bringing About Our Own Special Misery](https://economicprism.com/bringing-about-our-own-special-misery/) - Consumer confidence laid a rotten egg in October. The Conference Board’s index of consumer sentiment was reported Wednesday at 39.8…its lowest reading since March of 2009.
- [The Decline of Per Capita Wealth](https://economicprism.com/the-decline-of-per-capita-wealth/) - Yesterday was a momentous day. According to the State of World Population 2011, published by the United Nations Population Fund, it was the day world population topped 7 billion people.
- [Warning Signs of a Financial Vesuvius](https://economicprism.com/warning-signs-of-a-financial-vesuvius/) - Everything was just the way it was supposed to be in Pompeii on August 24, 79 A.D. The gods had bestowed wealth and abundance upon the inhabitants of this Roman trading town. Things were near perfect.
- [The Next Crisis No One Is Talking About](https://economicprism.com/the-next-crisis-no-one-is-talking-about/) - Mark Twain once remarked, “Whiskey is for drinking; water is for fighting over.” If the convergence of water scarcity factors currently shaping up comes to pass, this could be the century of water wars.
- [Making the Impossible Possible](https://economicprism.com/making-the-impossible-possible/) - This week brought new evidence, not necessarily that the stock market efficiently allocates capital to its most productive use, but that it effectively separates fools from their money. The fool gives…Wall Street takes away.
- [European Money Printing: What Could Possibly Go Wrong?](https://economicprism.com/european-money-printing-what-could-possibly-go-wrong/) - From what we gather ‘the war to end all wars’ brought a new disorder to Europe. By the time it was over, economies were ruined, governments were defeated, and national confidences were crushed. On top of that, the Treaty of Versailles, and its repercussions, prompted Germany to blow up its currency. It was the rational thing to do.
- [Congressional Super Committee Farce](https://economicprism.com/congressional-super-committee-farce/) - Shortly after the opening bell on Wednesday, the price of oil topped $100 per barrel…a 26 percent increase in less than two months. What gives?
- [Go Occupy Yourself](https://economicprism.com/go-occupy-yourself/) - Popular movements have their messiahs. Those eager to standup and champion the codswallop of the day. They have little regard for substance and clear thinking; they’re enamored with the indecency of the moment.
- [Smiling with Gratitude](https://economicprism.com/smiling-with-gratitude/) - The Commerce Department reported Tuesday that the economy grew at an annual rate of 2 percent in the third quarter…a downward revision from the initial 2.5 percent estimate made last month.
- [In Defense of Government Fraud](https://economicprism.com/in-defense-of-government-fraud/) - For aging baby boomers, and their retirement accounts, the stock market over the past decade has been a severe disappointment. Many will have to work longer, for a retirement lifestyle dramatically compromised from what they were expecting.
- [Divided We Stand United We Fall](https://economicprism.com/divided-we-stand-united-we-fall/) - By the time the Vandals sacked Rome in A.D. 455 the empire of the Caesars had already receded from Western Europe.
- [The Metamorphosis of Jon Corzine](https://economicprism.com/the-metamorphosis-of-jon-corzine/) - The economy gained 120,000 jobs in November, said the Labor Department last Friday. The jobs number included 140,000 new private sector jobs and a loss of 20,000 public sector jobs.
- [In Graphs We Trust](https://economicprism.com/in-graphs-we-trust/) - Federal Reserve Chairman Ben Bernanke can’t seem to catch a break. Wherever he turns someone is there to knock his job performance. Senators, Presidential candidates, lowly editorial writers…they’ve all lined up and cast their stones.
- [Teach a Man to Fish](https://economicprism.com/teach-a-man-to-fish/) - “Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime,” goes the English proverb.
- [In Praise of Scrooge](https://economicprism.com/in-praise-of-scrooge/) - Federal Reserve Chairman Ben Bernanke did something extraordinarily remarkable on Tuesday…he did nothing.
- [How to Catch Fate's Fortune](https://economicprism.com/how-to-catch-fates-fortune/) - “Fate throws fortune, but not everyone catches,” goes the Polish Proverb. By our estimation, few bother to even try.
- [Requiem for a Dictator: Kim Jong-il](https://economicprism.com/requiem-for-a-dictator-kim-jong-il/) - There are places on the face of the earth where, although the sun may occasionally shine, they’ve never seen a ray of light. There’s a cold dry Siberian no man’s land that extends east from the Ural Mountains to the Pacific coast, where small villages no one’s ever heard of, with names no one can pronounce, exist in lonely isolation.
- [There’s No Such Thing as a Free Lunch](https://economicprism.com/theres-no-such-thing-as-a-free-lunch/) - By all accounts the sky was falling on December 5, 2008. Several months before, credit market liquidity had glazed over like cold winter molasses and, after over 150-years of business, Lehman Brothers had ignominiously vanished from the face of the earth.
- [2012: Predictions, Prognostications, and Prophecies](https://economicprism.com/2012-predictions-prognostications-and-prophecies/) - Before we turn the page to 2012 we must take a look back at the year that just passed so we can extract context for the year to come. Looking at where the stock market began and ended in 2011, it appears nothing much happened.
- [Set the Children Free](https://economicprism.com/set-the-children-free/) - There are things that are so obvious they shouldn’t warrant discussion…but they do. For there are blockheads out there whose brains are so soft they don’t know obvious from Adam’s off ox.
- [War Imminent in Straits of Hormuz? $200 a Barrel Oil?](https://economicprism.com/war-imminent-in-straits-of-hormuz-200-a-barrel-oil/) - Since 24 December the Iranian Navy has been holding its ten-day Velayat 90 naval exercises, covering an area in the Arabian Sea stretching from east of the Strait of Hormuz entrance to the Persian Gulf to the Gulf of Aden.
- [Kodak Moment for Uncle Sam](https://economicprism.com/kodak-moment-for-uncle-sam/) - Dinosaurs must die. It’s a fact of life. Just ask Kodak. Last week, after 123-years in business, it was reported the dinosaur company is preparing to file for bankruptcy protection.
- [Seeing the First Glimpse of Dawn](https://economicprism.com/seeing-the-first-glimpse-of-dawn/) - Here we are, just two weeks into the New Year, and things are looking up. So far on the year, the S&P 500’s up 2.9 percent, the Nasdaq’s up 2.5 percent, and gold’s up 3.1 percent.
- [The Money Must Go Somewhere](https://economicprism.com/the-money-must-go-somewhere/) - To begin, we still believe things are going to hell in a hand bucket. Government debt, which recently exceeded 100 percent of gross domestic product, is a ball and chain to economic growth and dynamite to monetary stability. The debt problem isn’t going away.
- [Heating the Stove with Furniture](https://economicprism.com/heating-the-stove-with-furniture/) - “It may sometimes be expedient for a man to heat the stove with his furniture,” explained Austrian Economist Ludwig von Mises, in Human Action.
- [The Stock Market, Explained](https://economicprism.com/the-stock-market-explained/) - Despite an abundance of risk, the stock market continues to climb a wall of worry. Obviously, with the European debt crisis, China’s economic slowdown, and posturing from Iran, the stock market’s rise defies all logic.
- [Will Iran Kill the Petrodollar?](https://economicprism.com/will-iran-kill-the-petrodollar/) - The official line from the United States and the European Union is that Tehran must be punished for continuing its efforts to develop a nuclear weapon.
- [How to Spot a Stock Market Inflection Point](https://economicprism.com/how-to-spot-a-stock-market-inflection-point/) - Saving for retirement these days is a tall order. It certainly hasn’t been like the good old days during the 1980s and 90s when you could blindly dollar cost average into a no load index fund and watch it rise 15 percent each year. Those days are long gone.
- [Credit Market Killing Machine](https://economicprism.com/credit-market-killing-machine/) - Yields on the 10-Year Treasury Note remain below 2 percent. Interest rates this low are extraordinarily abnormal. They indicate credit markets are feeble.
- [How the Stock Market Doubled](https://economicprism.com/how-the-stock-market-doubled/) - Things keep on moving forward as they must. Some things seem obvious and predictable…like Greek insolvency. Others, like the escalating potential for an attack on Iran, are just coming into focus.
- [False Booms](https://economicprism.com/false-booms/) - Consumers are borrowing money again…and they’re borrowing a lot of it. Last week the Federal Reserve reported that consumer credit increased $19.3 billion in December. This increase dwarfed the $7 billion median forecast of a Bloomberg News survey of economists.
- [How the Fed Steals Your Life](https://economicprism.com/how-the-fed-steals-your-life/) - Remember, money, in addition to being property, also represents time and the sacrifices made to earn it. When the Fed inflates your money away they not only steal your money…they steal your life.
- [The Hell of Technocratic Prevarication](https://economicprism.com/the-hell-of-technocratic-prevarication/) - Greece gets to experience the hell of technocratic prevarication. In other words, Greece gets to experience a slow motion, never ending, technical default, through the dreadful and repeated combination of austerity and more debt.
- [Obama’s Budget is Every Investor’s Worst Nightmare](https://economicprism.com/obamas-budget-is-every-investors-worst-nightmare/) - Earlier this week [last week], President Obama unveiled his proposed budget for the 2013 fiscal year. It includes roughly $2 trillion in new taxes and fees. And the bulls-eye is squarely positioned on investors, particularly dividend investors.
- [Reckoning Time and Money ](https://economicprism.com/reckoning-time-and-money/) - We have a startling suspicion that reckoning the distortions of the dollar reserve standard will not be so amiable.
- [Everything that’s Wrong with Everything](https://economicprism.com/everything-thats-wrong-with-everything/) - Clearly, these monetary exploits are a categorical example of everything that’s wrong with everything.
- [Is Gold Backwardation Now Permanent?](https://economicprism.com/is-gold-backwardation-now-permanent/) - Worldwide, an incredible tower of debt has been under construction since President Nixon’s 1971 default on the gold obligations of the US government. His decree severed the redeemability of the dollar for gold and thus eliminated the extinguisher of debt.
- [Sowing the Seeds of Mass Inflation](https://economicprism.com/sowing-the-seeds-of-mass-inflation/) - When some government meddler blindly sets its price below the rate of inflation extraordinary and unintended consequences occur. Economic distortions bubble up and pop.
- [The Fed’s Next Price Fixing Scheme and You](https://economicprism.com/the-feds-next-price-fixing-scheme-and-you/) - Free markets these days are always and everywhere under assault. Europe, China, Japan, and the United States, among others, are delving into extreme economic intervention.
- [Compulsory Profits Off the Back of Every American](https://economicprism.com/compulsory-profits-off-the-back-of-every-american/)
- [Titanic Myths and the End of Consumer Capitalism](https://economicprism.com/titanic-myths-and-the-end-of-consumer-capitalism/) - Like the Titanic after it struck the iceberg, the dollar standard era of U.S. consumer capitalism is doomed. The myth that an economy can borrow and spend its way to prosperity is resisting its hard death.
- [Iran Says “Gold Is Money”](https://economicprism.com/iran-says-gold-is-money/) - That reduction in potential supply could be a game-changer, not only because of crisis-struck Iran, but because it could open the door for other countries to follow suit. The price of gold would likely respond very positively.
- [Japan Will Take the World’s Breath Away](https://economicprism.com/japan-will-take-the-worlds-breath-away/) - No doubt, when push comes to shove, we fully expect the Bank of Japan will monetize the debt. What come after will take the world’s breath away.
- [Japan Will Take the World’s Breath Away, Part II](https://economicprism.com/japan-will-take-the-worlds-breath-away-part-ii/) - In a moment, we’ll provide some practical ideas, including a 12-point plan that anyone can follow to do so.
- [The Time Is Nigh to Walk Away from the Table](https://economicprism.com/the-time-is-nigh-to-walk-away-from-the-table/) - No doubt, the stock market can run up much longer than even the most ardent joy killer can imagine…particularly if a full blown mania sets in. Nonetheless, those with their wits about them may find the time is nigh to walk away from the table.
- [Monetary Policy, Explained](https://economicprism.com/monetary-policy-explained/) - In this enlightened world of a highly managed economy through massive monetary intervention, the Fed is pursuing policies of credit expansion punctuated by brief, episodic, pauses.
- [Spain to ECB: Inflate or Die](https://economicprism.com/spain-to-ecb-inflate-or-die/) - We suppose, like the Fed’s QE, the ECB will discover that money creation operations are much harder to stop…than to start. Spain depends on it. So does Greece…and Italy, and Portugal, and the entire EU. In other words, the ECB must inflate or die.
- [How to Build Wealth and Stick it to the Government](https://economicprism.com/how-to-build-wealth-and-stick-it-to-the-government/) - Every time you or anyone else acts on a legitimate opportunity to save on taxes, he deprives the government of the means for more mischief. You’d be doing us all a big favor. I do my part. Now it’s time for you to do yours.
- [The Consequences of Lard](https://economicprism.com/the-consequences-of-lard/) - Such are the consequences of relying on central planners and their repeated applications of lard to make the world a better place. Such are the consequences of a world where a planned economy tramples upon ideas of limited government, private property rights, and individual liberties…where those who work hard, save their money, and pay their way are punished for their perseverance, prudence, and independence.
- [A Wrong Against the Human Race](https://economicprism.com/a-wrong-against-the-human-race/) - Ten years and several trillion dollars later…and look what we have to show for it… High unemployment, high prices, and an enormous debt to boot.
- [Destroying the Retirement Dreams of a Generation](https://economicprism.com/destroying-the-retirement-dreams-of-a-generation/) - These policies are eroding the wealth of savers and destroying the retirement dreams of a generation.
- [So Long, US Dollar](https://economicprism.com/so-long-us-dollar/) - For decades the US dollar has been absolutely dominant in international trade, especially in the oil markets. This role has created immense demand for US dollars, and that international demand constitutes a huge part of the dollar’s valuation.
- [Mass Delusions of Cupcakes and Credit](https://economicprism.com/mass-delusions-of-cupcakes-and-credit/) - Scanning today’s landscape we see mass delusions in cupcakes and, like Garrett’s day, credit. The first of these delusions – stylish cupcakes with elaborate frosting designs – is mostly harmless. The second of these delusions – U.S. government debt – will ultimately make the world weep.
- [Why There Are No Jobs](https://economicprism.com/why-there-are-no-jobs/) - We suspect the bailouts may be what are behind the questions. This, too, may have something to do with why there are no jobs.
- [Is an Economic Deluge Nigh?](https://economicprism.com/is-an-economic-deluge-nigh/) - Bringing to mind the prophetic utterance of Louis XV: “Après moi, le déluge.” The deluge in Louis’ case manifested as the murderous affair commonly known as the French Revolution.
- [Paul Krugman Doesn’t Know T-Shirt Economics](https://economicprism.com/paul-krugman-doesnt-know-t-shirt-economics/) - Paul Krugman, of course, is a complete madcap. His days contemplating apparent aggregate demand insufficiencies and perceived supply gluts seems to have turned his brain to mush. All his time staring at these graphs while pondering possible government policies to make the graphs show what he wants has had the ill effect of transforming him into a moron.
- [The Breakdown of Planned Economies](https://economicprism.com/the-breakdown-of-planned-economies/) - The government and social order we’ve always known got its start in 19th century Europe. In the United States it took the Great Depression and World War II to set America marching down the road to hell.
- [The Fate of Markets](https://economicprism.com/the-fate-of-markets/) - Eventually the dollar will conflagrate or treasury yields will rise uncontrollably. That’s when the debt ceiling will no longer be something politicians can determine.
- [How Presidential Elections Are Won](https://economicprism.com/how-presidential-elections-are-won/) - Ultimately, on Election Day, there’s one candidate who doesn’t sink to the bottom…but rises to the top to win the presidency. No doubt, that person is pure scum.
- [The Greatest Show On Earth](https://economicprism.com/the-greatest-show-on-earth/) - Here in the United States we’ve reserved front row seats for the greatest show on earth. If you didn’t know it, the U.S. government is aiming the economy for a “fiscal cliff.” Impact will be felt on January 1, 2013, or sooner.
- [There's A Great Storm Coming](https://economicprism.com/theres-a-great-storm-coming/) - If you really want to know what to expect all you must do is lick your index and hold it up to the wind, for then you will know… There’s a great storm coming and you’d better be prepared.
- [Stimulus and Spasmodic Economics](https://economicprism.com/stimulus-and-spasmodic-economics/) - Monetary stimulus, that is stimulus originating from the Fed, is currency debasement. By fixing the price of credit and flooding financial markets with an abundance of cheap money, the Fed weakens the dollar.
- [Suffering Under Improper Banking Practices and Government Monetary Laws](https://economicprism.com/suffering-under-improper-banking-practices-and-government-monetary-laws/) - The Fed postponed fixing the system, but this simply continues and worsens the suffering. The basic problems and issues have not been resolved in the intervening 4 years. They have literally been papered over or, more accurately, digitized over.
- [The Greatest Fraud of All](https://economicprism.com/the-greatest-fraud-of-all/) - How’s that for accounting trickery? This must be, without a doubt, the greatest fraud in the history of the world.
- [Faux Capitalism and the Great Middle Class Debt Anchor](https://economicprism.com/faux-capitalism-and-the-great-middle-class-debt-anchor/) - Quite frankly, we don’t like it one bit. Yet, sadly, this is the current state of faux capitalism that’s practiced across the western world. Profits flow to the rich and powerful. Losses are socialized at the expense of the middle class.
- [Give Democratic Socialism a Chance](https://economicprism.com/give-democratic-socialism-a-chance/) - All the new Greek government must do is figure out how to get more credit extended to a country that already has too much debt. In other words, they must discount arithmetic.
- [Money Games](https://economicprism.com/money-games/) - More than likely, after the initial dust up of no QE3 clears, the Fed’s money games will just goose the stock market for a month or two.
- [How Does Gold Fare During Hyperinflationary Periods?](https://economicprism.com/how-does-gold-fare-during-hyperinflationary-periods/) - When creditability in fiat money dissipates, gold may be the only viable option left standing. Again, the investment implication is obvious: continue to accumulate gold.
- [Violating the Promptings of the Economy](https://economicprism.com/violating-the-promptings-of-the-economy/) - “One cannot violate the promptings of one’s nature without having that nature recoil upon itself,” wrote San Francisco native Jack London, in White Fang. Naturally, London wasn’t describing the propensity of central bankers to inflate the money supply. Nonetheless, he identified an instructive natural axiom.
- [Celebrating Independence Day with Gratitude](https://economicprism.com/celebrating-independence-day-with-gratitude/) - So even as the economy sputters, and all the well intentioned tomfoolery in Washington fleeces us for our own good, we smile and are determined to enjoy it. We aim to celebrate with gratitude what is left of this land of opportunity where lunatics still thrive and eccentrics still prosper. Moreover, we aim to have the time of our lives.
- [Rigging the Price of Money on a Grand Scale](https://economicprism.com/rigging-the-price-of-money-on-a-grand-scale/) - People are sent to the hoosegow every day for petty theft, yet the big banks get away with rigging the price of money on a grand scale. Something about this doesn’t seem quite right.
- [How to Invest in a Declining Economy](https://economicprism.com/how-to-invest-in-a-declining-economy/) - Here at the Economic Prism we always expect the impossible…but we don’t bet our retirement on it. What we mean is, while it seems unlikely, the stock market could rise as the economy slows. Maybe the Fed will announce QE3, and give the market a boost. Still, we’d rather take a moment now to position ourselves close to the exit.
- [The Wrath of Ray Kroc](https://economicprism.com/the-wrath-of-ray-kroc/) - Arguably, it was Ray Kroc’s wrath returning to the city to grind it down one last time. “As long as you’re green, you’re growing. As soon as you’re ripe, you start to rot,” once remarked Kroc.
- [Why Chimpanzees Throw Poop at Zoo Gawkers](https://economicprism.com/why-chimpanzees-throw-poop-at-zoo-gawkers/) - For starters, we’d prohibit using taxpayer dollars to fund research aimed at determining why chimpanzees throw their poop at gawking zoo visitors.
- [Get Ready for a Massive Stock Market Selloff](https://economicprism.com/get-ready-for-a-massive-stock-market-selloff/) - The stock market may be a little slow…but we’re confident it will figure things out soon enough. No Fed gas. Economy rapidly approaching recession, if not already in one. Congressional stalemate. Get ready for a massive stock market selloff. It’s coming. You can just feel it in your gut.
- [A Valuable Lesson on Money Creation](https://economicprism.com/a-valuable-lesson-on-money-creation/) - On the bright side, however, the ECB is receiving valuable on the job training. Their latest discovery is that once hatched, money creation operations are much harder to stop…than to start.
- [Bypassing Government Roadblocks to Your Personal Prosperity](https://economicprism.com/bypassing-government-roadblocks-to-your-personal-prosperity/) - Understanding what’s happening and knowing where the roadblocks are likely to be just makes sense. And having clearly set out strategies that both sidestep the roadblocks and preserve your wealth is not just a good idea – it’s critical.
- [Collective Destruction](https://economicprism.com/collective-destruction/) - Quite frankly, at this point, Draghi and Bernanke are just winging it. They have no real plan. They’re holding licked fingers up to the wind and making things up as they go along.
- [What You Can Do About the Drought and Rising Food Prices](https://economicprism.com/what-you-can-do-about-the-drought-and-rising-food-prices/) - From what we gather, today’s drought and the prospect of rising food prices could result in the recurrence of the 2008 global food crisis.
- [Disgraceful and Insulting](https://economicprism.com/disgraceful-and-insulting/) - Quite frankly we find this disgraceful and insulting. The fact is, until monetary policy gives a fair shake to saver the economy will never experience sustained robust growth. Instead, with the exception of the fleeting and false boost of debt based government stimulus, the economy will not grow.
- [How to Sleep Well During the Great Dollar Panic Ahead](https://economicprism.com/how-to-sleep-well-during-the-great-dollar-panic-ahead/) - At the very least, picking up a little gold would cover the cost of preserving a peaceful night’s sleep. Alternatively, it could provide the capital for the bargain buying opportunity of a lifetime.
- [Mandates and Morons: Twisting the World into a Madhouse](https://economicprism.com/mandates-and-morons-twisting-the-world-into-a-madhouse/) - Passing laws, no matter how moronic, is what legislatures do. Agency’s headed by mindless bureaucrats carryout these laws even if they are completely ridiculous. Ultimately, they twist and distort the world into a complete madhouse while creating a nation inhibited by lose-lose deals.
- [The Errant Miscalculation of a Generation](https://economicprism.com/the-errant-miscalculation-of-a-generation/) - Could an entire generation have miscalculated more errantly? The myth and legend that everyone’s entitled to a long and comfortable retirement courtesy of the government will die a hard death for most baby boomers.

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- [iran](https://economicprism.com/tag/iran/)
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- [bankruptcy](https://economicprism.com/tag/bankruptcy/)
- [regulations](https://economicprism.com/tag/regulations/)
- [drought](https://economicprism.com/tag/drought/)
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- [student debt](https://economicprism.com/tag/student-debt/)
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- [demand](https://economicprism.com/tag/demand/)
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- [commodities](https://economicprism.com/tag/commodities/)
- [aesop's fables](https://economicprism.com/tag/aesops-fables/)
- [regulation](https://economicprism.com/tag/regulation/)
- [commerce department](https://economicprism.com/tag/commerce-department/)
- [public pensions](https://economicprism.com/tag/public-pensions/)
- [putin](https://economicprism.com/tag/putin/)
- [geopolitics](https://economicprism.com/tag/geopolitics/)
- [russia](https://economicprism.com/tag/russia/)
- [velocity of money](https://economicprism.com/tag/velocity-of-money/)
- [thanksgiving](https://economicprism.com/tag/thanksgiving/)
- [gratitude](https://economicprism.com/tag/gratitude/)
- [happiness](https://economicprism.com/tag/happiness/)
- [carbon](https://economicprism.com/tag/carbon/)
- [fiscal cliff](https://economicprism.com/tag/fiscal-cliff/)
- [capital gains](https://economicprism.com/tag/capital-gains/)
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- [operation twist](https://economicprism.com/tag/operation-twist/)
- [QE4](https://economicprism.com/tag/qe4/)
- [biotech](https://economicprism.com/tag/biotech/)
- [cancer treatment](https://economicprism.com/tag/cancer-treatment/)
- [celsion](https://economicprism.com/tag/celsion/)
- [chemotherapy](https://economicprism.com/tag/chemotherapy/)
- [radiation](https://economicprism.com/tag/radiation/)
- [liposomes](https://economicprism.com/tag/liposomes/)
- [mayan apocalypse](https://economicprism.com/tag/mayan-apocalypse/)
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- [scrooge](https://economicprism.com/tag/scrooge/)
- [tiny tim](https://economicprism.com/tag/tiny-tim/)
- [a christmas carol](https://economicprism.com/tag/a-christmas-carol/)
- [charles dickens](https://economicprism.com/tag/charles-dickens/)
- [dreams](https://economicprism.com/tag/dreams/)
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- [davos](https://economicprism.com/tag/davos/)
- [world improvers](https://economicprism.com/tag/world-improvers/)
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- [currency wars](https://economicprism.com/tag/currency-wars/)
- [ammunition](https://economicprism.com/tag/ammunition/)
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- [john mackey](https://economicprism.com/tag/john-mackey/)
- [jimmy hoffa](https://economicprism.com/tag/jimmy-hoffa/)
- [grover's union](https://economicprism.com/tag/grovers-union/)
- [conscious capitalism](https://economicprism.com/tag/conscious-capitalism/)
- [bank of england](https://economicprism.com/tag/bank-of-england/)
- [people's bank of china](https://economicprism.com/tag/peoples-bank-of-china/)
- [yuan](https://economicprism.com/tag/yuan/)
- [pound](https://economicprism.com/tag/pound/)
- [dividend stocks](https://economicprism.com/tag/dividend-stocks/)
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- [h.j. heinz](https://economicprism.com/tag/h-j-heinz/)
- [japans finance ministry](https://economicprism.com/tag/japans-finance-ministry/)
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- [roman empire](https://economicprism.com/tag/roman-empire/)
- [italy](https://economicprism.com/tag/italy/)
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- [margin debt](https://economicprism.com/tag/margin-debt/)
- [consumer spending](https://economicprism.com/tag/consumer-spending/)
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- [alan greenspan](https://economicprism.com/tag/alan-greenspan/)
- [price distortions](https://economicprism.com/tag/price-distortions/)
- [cyprus](https://economicprism.com/tag/cyprus/)
- [world war i](https://economicprism.com/tag/world-war-i/)
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- [philip morris](https://economicprism.com/tag/philip-morris/)
- [exxon](https://economicprism.com/tag/exxon/)
- [life expectancy](https://economicprism.com/tag/life-expectancy/)
- [consumer sentiment](https://economicprism.com/tag/consumer-sentiment/)
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- [Class of 2013](https://economicprism.com/tag/class-of-2013/)
- [university](https://economicprism.com/tag/university/)
- [education](https://economicprism.com/tag/education/)
- [real world](https://economicprism.com/tag/real-world/)
- [Solvang](https://economicprism.com/tag/solvang/)
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- [Santa Ynez Valley](https://economicprism.com/tag/santa-ynez-valley/)
- [sunny fields](https://economicprism.com/tag/sunny-fields/)
- [Danish](https://economicprism.com/tag/danish/)
- [real estate](https://economicprism.com/tag/real-estate/)
- [passive income](https://economicprism.com/tag/passive-income/)
- [cabo san lucas](https://economicprism.com/tag/cabo-san-lucas/)
- [paradise](https://economicprism.com/tag/paradise/)
- [sunrise](https://economicprism.com/tag/sunrise/)
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- [independence day](https://economicprism.com/tag/independence-day/)
- [detroit](https://economicprism.com/tag/detroit/)
- [pensions](https://economicprism.com/tag/pensions/)
- [adam smith](https://economicprism.com/tag/adam-smith/)
- [food stamps](https://economicprism.com/tag/food-stamps/)
- [obamacare](https://economicprism.com/tag/obamacare/)
- [health care](https://economicprism.com/tag/health-care/)
- [barack obama](https://economicprism.com/tag/barack-obama/)
- [moral hazard](https://economicprism.com/tag/moral-hazard/)
- [janet yellen](https://economicprism.com/tag/janet-yellen/)
- [larry summers](https://economicprism.com/tag/larry-summers/)
- [monetary policy](https://economicprism.com/tag/monetary-policy/)
- [CD](https://economicprism.com/tag/cd/)
- [mrs. knott's chicken dinner restaurant](https://economicprism.com/tag/mrs-knotts-chicken-dinner-restaurant/)
- [nonlinear](https://economicprism.com/tag/nonlinear/)
- [jack lew](https://economicprism.com/tag/jack-lew/)
- [corruption](https://economicprism.com/tag/corruption/)
- [treasury](https://economicprism.com/tag/treasury/)
- [syria](https://economicprism.com/tag/syria/)
- [construction](https://economicprism.com/tag/construction/)
- [consumers](https://economicprism.com/tag/consumers/)
- [spending](https://economicprism.com/tag/spending/)
- [mark twain](https://economicprism.com/tag/mark-twain/)
- [tapering](https://economicprism.com/tag/tapering/)
- [bakken](https://economicprism.com/tag/bakken/)
- [mining](https://economicprism.com/tag/mining/)
- [resources](https://economicprism.com/tag/resources/)
- [exploration](https://economicprism.com/tag/exploration/)
- [cal worthington](https://economicprism.com/tag/cal-worthington/)
- [junior sector](https://economicprism.com/tag/junior-sector/)
- [gold exploration](https://economicprism.com/tag/gold-exploration/)
- [producers](https://economicprism.com/tag/producers/)
- [gold price](https://economicprism.com/tag/gold-price/)
- [government shutdown](https://economicprism.com/tag/government-shutdown/)
- [postal service](https://economicprism.com/tag/postal-service/)
- [affordable care act](https://economicprism.com/tag/affordable-care-act/)
- [medicaid](https://economicprism.com/tag/medicaid/)
- [healthcare](https://economicprism.com/tag/healthcare/)
- [earnings](https://economicprism.com/tag/earnings/)
- [frankenstein](https://economicprism.com/tag/frankenstein/)
- [knowledge](https://economicprism.com/tag/knowledge/)
- [wisdom](https://economicprism.com/tag/wisdom/)
- [small business](https://economicprism.com/tag/small-business/)
- [optimism](https://economicprism.com/tag/optimism/)
- [money](https://economicprism.com/tag/money/)
- [bitcoin](https://economicprism.com/tag/bitcoin/)
- [tulipomania](https://economicprism.com/tag/tulipomania/)
- [speculation](https://economicprism.com/tag/speculation/)
- [natural gas](https://economicprism.com/tag/natural-gas/)
- [coal](https://economicprism.com/tag/coal/)
- [electricity prices](https://economicprism.com/tag/electricity-prices/)
- [electricity generation](https://economicprism.com/tag/electricity-generation/)
- [gas export permits](https://economicprism.com/tag/gas-export-permits/)
- [america](https://economicprism.com/tag/america/)
- [gas](https://economicprism.com/tag/gas/)
- [fracking](https://economicprism.com/tag/fracking/)
- [buck butler](https://economicprism.com/tag/buck-butler/)
- [george mitchell](https://economicprism.com/tag/george-mitchell/)
- [energy](https://economicprism.com/tag/energy/)
- [fantasy football](https://economicprism.com/tag/fantasy-football/)
- [fantex holdings](https://economicprism.com/tag/fantex-holdings/)
- [economy](https://economicprism.com/tag/economy-2/)
- [redemption](https://economicprism.com/tag/redemption/)
- [2014](https://economicprism.com/tag/2014/)
- [guesses](https://economicprism.com/tag/guesses/)
- [predictions](https://economicprism.com/tag/predictions/)
- [stock market](https://economicprism.com/tag/stock-market-2/)
- [bureau of labor statistics](https://economicprism.com/tag/bureau-of-labor-statistics/)
- [dependence](https://economicprism.com/tag/dependence/)
- [reliance](https://economicprism.com/tag/reliance/)
- [bernanke](https://economicprism.com/tag/bernanke/)
- [greenspan](https://economicprism.com/tag/greenspan/)
- [QE](https://economicprism.com/tag/qe/)
- [helicopter ben](https://economicprism.com/tag/helicopter-ben/)
- [senate](https://economicprism.com/tag/senate/)
- [economic freedom](https://economicprism.com/tag/economic-freedom/)
- [gold miners](https://economicprism.com/tag/gold-miners/)
- [geithner](https://economicprism.com/tag/geithner/)
- [vatican](https://economicprism.com/tag/vatican/)
- [great unravelling](https://economicprism.com/tag/great-unravelling/)
- [internationalize](https://economicprism.com/tag/internationalize/)
- [opportunity](https://economicprism.com/tag/opportunity/)
- [house prices](https://economicprism.com/tag/house-prices/)
- [MyRA](https://economicprism.com/tag/myra/)
- [bubble economy](https://economicprism.com/tag/bubble-economy/)
- [deflation](https://economicprism.com/tag/deflation/)
- [central valley](https://economicprism.com/tag/central-valley/)
- [los angeles](https://economicprism.com/tag/los-angeles/)
- [san francisco](https://economicprism.com/tag/san-francisco/)
- [junior god mining stocks](https://economicprism.com/tag/junior-god-mining-stocks/)
- [risk-on rally](https://economicprism.com/tag/risk-on-rally/)
- [henry hazlitt](https://economicprism.com/tag/henry-hazlitt/)
- [economics in one lesson](https://economicprism.com/tag/economics-in-one-lesson/)
- [economic distortions](https://economicprism.com/tag/economic-distortions/)
- [fiat money](https://economicprism.com/tag/fiat-money/)
- [commodities cycle](https://economicprism.com/tag/commodities-cycle/)
- [G20](https://economicprism.com/tag/g20/)
- [mark zuckerberg](https://economicprism.com/tag/mark-zuckerberg/)
- [NASDAQ](https://economicprism.com/tag/nasdaq/)
- [emerging markets](https://economicprism.com/tag/emerging-markets/)
- [russian stocks](https://economicprism.com/tag/russian-stocks/)
- [rsx](https://economicprism.com/tag/rsx/)
- [vladimir putin](https://economicprism.com/tag/vladimir-putin/)
- [crisis investing](https://economicprism.com/tag/crisis-investing/)
- [fiscal year 2015](https://economicprism.com/tag/fiscal-year-2015/)
- [S&P 500](https://economicprism.com/tag/sp-500/)
- [plus ça change](https://economicprism.com/tag/plus-ca-change/)
- [plus c’est la même chose](https://economicprism.com/tag/plus-cest-la-meme-chose/)
- [jean-baptiste alphonse karr](https://economicprism.com/tag/jean-baptiste-alphonse-karr/)
- [alzheimer's disease](https://economicprism.com/tag/alzheimers-disease/)
- [cure for alzheimer's](https://economicprism.com/tag/cure-for-alzheimers/)
- [cure for dementia](https://economicprism.com/tag/cure-for-dementia/)
- [healthcare crisis](https://economicprism.com/tag/healthcare-crisis/)
- [fda approved drugs to treat alzheimer's](https://economicprism.com/tag/fda-approved-drugs-to-treat-alzheimers/)
- [invest in a cure for alzheimer's disease](https://economicprism.com/tag/invest-in-a-cure-for-alzheimers-disease/)
- [russell 2000](https://economicprism.com/tag/russell-2000/)
- [too big to fail](https://economicprism.com/tag/too-big-to-fail/)
- [honest banking](https://economicprism.com/tag/honest-banking/)
- [big banks](https://economicprism.com/tag/big-banks/)
- [economic policy review](https://economicprism.com/tag/economic-policy-review/)
- [central bank reserves](https://economicprism.com/tag/central-bank-reserves/)
- [world reserve currency](https://economicprism.com/tag/world-reserve-currency/)
- [three stooges](https://economicprism.com/tag/three-stooges/)
- [uncle sam](https://economicprism.com/tag/uncle-sam/)
- [ponzi](https://economicprism.com/tag/ponzi/)
- [technology stocks](https://economicprism.com/tag/technology-stocks/)
- [facebook](https://economicprism.com/tag/facebook/)
- [trains](https://economicprism.com/tag/trains/)
- [public spending](https://economicprism.com/tag/public-spending/)
- [central planning](https://economicprism.com/tag/central-planning/)
- [yellen](https://economicprism.com/tag/yellen/)
- [donald rumsfeld](https://economicprism.com/tag/donald-rumsfeld/)
- [known knowns](https://economicprism.com/tag/known-knowns/)
- [known unknowns](https://economicprism.com/tag/known-unknowns/)
- [unknown unknowns](https://economicprism.com/tag/unknown-unknowns/)
- [IRS](https://economicprism.com/tag/irs/)
- [crisis moment](https://economicprism.com/tag/crisis-moment/)
- [bond market](https://economicprism.com/tag/bond-market/)
- [investment losses](https://economicprism.com/tag/investment-losses/)
- [loan defaults](https://economicprism.com/tag/loan-defaults/)
- [export markets](https://economicprism.com/tag/export-markets/)
- [student loans](https://economicprism.com/tag/student-loans/)
- [wealth building](https://economicprism.com/tag/wealth-building/)
- [europe](https://economicprism.com/tag/europe/)
- [germany](https://economicprism.com/tag/germany/)
- [britain](https://economicprism.com/tag/britain/)
- [balloon dog](https://economicprism.com/tag/balloon-dog/)
- [christie's](https://economicprism.com/tag/christies/)
- [art](https://economicprism.com/tag/art/)
- [mania](https://economicprism.com/tag/mania/)
- [class of 2014](https://economicprism.com/tag/class-of-2014/)
- [thomas edison](https://economicprism.com/tag/thomas-edison/)
- [failure](https://economicprism.com/tag/failure/)
- [success](https://economicprism.com/tag/success/)
- [school of hard knocks](https://economicprism.com/tag/school-of-hard-knocks/)
- [charles plosser](https://economicprism.com/tag/charles-plosser/)
- [funny money](https://economicprism.com/tag/funny-money/)
- [zero interest rate policy](https://economicprism.com/tag/zero-interest-rate-policy/)
- [stock valuations](https://economicprism.com/tag/stock-valuations/)
- [new york stock exchange](https://economicprism.com/tag/new-york-stock-exchange/)
- [capital in the tewenty-first century](https://economicprism.com/tag/capital-in-the-tewenty-first-century/)
- [thomas piketty](https://economicprism.com/tag/thomas-piketty/)
- [global taxation](https://economicprism.com/tag/global-taxation/)
- [wealth inequality](https://economicprism.com/tag/wealth-inequality/)
- [cheap credit](https://economicprism.com/tag/cheap-credit/)
- [hyman minsky](https://economicprism.com/tag/hyman-minsky/)
- [stability breeds instability](https://economicprism.com/tag/stability-breeds-instability/)
- [epa](https://economicprism.com/tag/epa/)
- [gina mccarthy](https://economicprism.com/tag/gina-mccarthy/)
- [obama's war on coal](https://economicprism.com/tag/obamas-war-on-coal/)
- [carbon emissions](https://economicprism.com/tag/carbon-emissions/)
- [greenhouse gases](https://economicprism.com/tag/greenhouse-gases/)
- [inequality](https://economicprism.com/tag/inequality/)
- [central banks](https://economicprism.com/tag/central-banks/)
- [dishonest money](https://economicprism.com/tag/dishonest-money/)
- [rigged markets](https://economicprism.com/tag/rigged-markets/)
- [ecb](https://economicprism.com/tag/ecb/)
- [negative intereset rates](https://economicprism.com/tag/negative-intereset-rates/)
- [digital currency](https://economicprism.com/tag/digital-currency/)
- [debt servitude](https://economicprism.com/tag/debt-servitude/)
- [hootenanny](https://economicprism.com/tag/hootenanny/)
- [austerity](https://economicprism.com/tag/austerity/)
- [venezuela](https://economicprism.com/tag/venezuela/)
- [jonathan swift](https://economicprism.com/tag/jonathan-swift/)
- [the drapier's letters](https://economicprism.com/tag/the-drapiers-letters/)
- [gresham's law](https://economicprism.com/tag/greshams-law/)
- [pre-1965 silver based quarters](https://economicprism.com/tag/pre-1965-silver-based-quarters/)
- [diversifying](https://economicprism.com/tag/diversifying/)
- [global cooling](https://economicprism.com/tag/global-cooling/)
- [investing opportunities](https://economicprism.com/tag/investing-opportunities/)
- [stroh brewery company](https://economicprism.com/tag/stroh-brewery-company/)
- [schaefer](https://economicprism.com/tag/schaefer/)
- [schlitz](https://economicprism.com/tag/schlitz/)
- [bernhard stroh](https://economicprism.com/tag/bernhard-stroh/)
- [minimum wage](https://economicprism.com/tag/minimum-wage/)
- [ron unz](https://economicprism.com/tag/ron-unz/)
- [congressional budget office](https://economicprism.com/tag/congressional-budget-office/)
- [european union](https://economicprism.com/tag/european-union/)
- [ukraine](https://economicprism.com/tag/ukraine/)
- [stock market crash](https://economicprism.com/tag/stock-market-crash/)
- [jeremy siegel](https://economicprism.com/tag/jeremy-siegel/)
- [raghuram rajan](https://economicprism.com/tag/raghuram-rajan/)
- [economic lethargy](https://economicprism.com/tag/economic-lethargy/)
- [unemployed](https://economicprism.com/tag/unemployed/)
- [jackson hole](https://economicprism.com/tag/jackson-hole/)
- [median income](https://economicprism.com/tag/median-income/)
- [gaming the system](https://economicprism.com/tag/gaming-the-system/)
- [fire and brimstone](https://economicprism.com/tag/fire-and-brimstone/)
- [corporate buy backs](https://economicprism.com/tag/corporate-buy-backs/)
- [worker frustrations](https://economicprism.com/tag/worker-frustrations/)
- [september swoon](https://economicprism.com/tag/september-swoon/)
- [lois lerner](https://economicprism.com/tag/lois-lerner/)
- [saudi arabia](https://economicprism.com/tag/saudi-arabia/)
- [prince alwaleed bin talal](https://economicprism.com/tag/prince-alwaleed-bin-talal/)
- [u.s. oil export ban](https://economicprism.com/tag/u-s-oil-export-ban/)
- [three greek fates](https://economicprism.com/tag/three-greek-fates/)
- [irving fisher](https://economicprism.com/tag/irving-fisher/)
- [hunter s thompson](https://economicprism.com/tag/hunter-s-thompson/)
- [walter lippmann](https://economicprism.com/tag/walter-lippmann/)
- [napoleon](https://economicprism.com/tag/napoleon/)
- [russian campaign of 1812](https://economicprism.com/tag/russian-campaign-of-1812/)
- [bureau of economic analysis](https://economicprism.com/tag/bureau-of-economic-analysis/)
- [bailouts](https://economicprism.com/tag/bailouts/)
- [fiscal policy](https://economicprism.com/tag/fiscal-policy/)
- [structural reforms](https://economicprism.com/tag/structural-reforms/)
- [cold war](https://economicprism.com/tag/cold-war/)
- [bolshevism](https://economicprism.com/tag/bolshevism/)
- [ebola](https://economicprism.com/tag/ebola/)
- [washington irving](https://economicprism.com/tag/washington-irving/)
- [the legend of sleepy hollow](https://economicprism.com/tag/the-legend-of-sleepy-hollow/)
- [riley's farm](https://economicprism.com/tag/rileys-farm/)
- [riley's farm theatre company](https://economicprism.com/tag/rileys-farm-theatre-company/)
- [oak glen](https://economicprism.com/tag/oak-glen/)
- [headless horseman](https://economicprism.com/tag/headless-horseman/)
- [ichabod crane](https://economicprism.com/tag/ichabod-crane/)
- [charles evans](https://economicprism.com/tag/charles-evans/)
- [consumer](https://economicprism.com/tag/consumer/)
- [li keqiang](https://economicprism.com/tag/li-keqiang/)
- [largest economy](https://economicprism.com/tag/largest-economy/)
- [property overcapacity](https://economicprism.com/tag/property-overcapacity/)
- [hard landing](https://economicprism.com/tag/hard-landing/)
- [vix](https://economicprism.com/tag/vix/)
- [great depression](https://economicprism.com/tag/great-depression/)
- [cboe](https://economicprism.com/tag/cboe/)
- [russell napier](https://economicprism.com/tag/russell-napier/)
- [anatomy of the bear](https://economicprism.com/tag/anatomy-of-the-bear/)
- [hillary clinton](https://economicprism.com/tag/hillary-clinton/)
- [mario draghi](https://economicprism.com/tag/mario-draghi/)
- [shanghai coorperation organization](https://economicprism.com/tag/shanghai-coorperation-organization/)
- [pakistan](https://economicprism.com/tag/pakistan/)
- [petrodollar](https://economicprism.com/tag/petrodollar/)
- [scranton](https://economicprism.com/tag/scranton/)
- [knox mine disaster](https://economicprism.com/tag/knox-mine-disaster/)
- [anthracite coal](https://economicprism.com/tag/anthracite-coal/)
- [easter island](https://economicprism.com/tag/easter-island/)
- [foreign inflows](https://economicprism.com/tag/foreign-inflows/)
- [manias](https://economicprism.com/tag/manias/)
- [panics](https://economicprism.com/tag/panics/)
- [overseas investors](https://economicprism.com/tag/overseas-investors/)
- [americana](https://economicprism.com/tag/americana/)
- [marxian tale](https://economicprism.com/tag/marxian-tale/)
- [shared conviction](https://economicprism.com/tag/shared-conviction/)
- [fatca](https://economicprism.com/tag/fatca/)
- [peter schiff](https://economicprism.com/tag/peter-schiff/)
- [sec](https://economicprism.com/tag/sec/)
- [dodd-frank act](https://economicprism.com/tag/dodd-frank-act/)
- [employment](https://economicprism.com/tag/employment/)
- [labor force participation rate](https://economicprism.com/tag/labor-force-participation-rate/)
- [shadow government statistics](https://economicprism.com/tag/shadow-government-statistics/)
- [zirp](https://economicprism.com/tag/zirp/)
- [ruble](https://economicprism.com/tag/ruble/)
- [blessings](https://economicprism.com/tag/blessings/)
- [good cheer](https://economicprism.com/tag/good-cheer/)
- [estimations for 2015](https://economicprism.com/tag/estimations-for-2015/)
- [japan](https://economicprism.com/tag/japan/)
- [2015](https://economicprism.com/tag/2015/)
- [inflation](https://economicprism.com/tag/inflation/)
- [wheat](https://economicprism.com/tag/wheat/)
- [jim rogers](https://economicprism.com/tag/jim-rogers/)
- [farming](https://economicprism.com/tag/farming/)
- [southwestern energy](https://economicprism.com/tag/southwestern-energy/)
- [chesapeake energy](https://economicprism.com/tag/chesapeake-energy/)
- [deficit](https://economicprism.com/tag/deficit/)
- [swiss national bank](https://economicprism.com/tag/swiss-national-bank/)
- [crosby north dakota](https://economicprism.com/tag/crosby-north-dakota/)
- [boom and bust](https://economicprism.com/tag/boom-and-bust/)
- [syriza](https://economicprism.com/tag/syriza/)
- [alex tsipras](https://economicprism.com/tag/alex-tsipras/)
- [punxsutawney phil](https://economicprism.com/tag/punxsutawney-phil/)
- [DOW theory](https://economicprism.com/tag/dow-theory/)
- [mark hulbert](https://economicprism.com/tag/mark-hulbert/)
- [concrete](https://economicprism.com/tag/concrete/)
- [debt trap](https://economicprism.com/tag/debt-trap/)
- [china's exports](https://economicprism.com/tag/chinas-exports/)
- [china's imports](https://economicprism.com/tag/chinas-imports/)
- [chinese trade](https://economicprism.com/tag/chinese-trade/)
- [port of long beach](https://economicprism.com/tag/port-of-long-beach/)
- [port of los angeles](https://economicprism.com/tag/port-of-los-angeles/)
- [port maritime association](https://economicprism.com/tag/port-maritime-association/)
- [international longshore and warehouse union](https://economicprism.com/tag/international-longshore-and-warehouse-union/)
- [west coast ports](https://economicprism.com/tag/west-coast-ports/)
- [labor dispute](https://economicprism.com/tag/labor-dispute/)
- [mortgage equity withdrawal](https://economicprism.com/tag/mortgage-equity-withdrawal/)
- [economic growth](https://economicprism.com/tag/economic-growth/)
- [currency debasement](https://economicprism.com/tag/currency-debasement/)
- [herbert stein](https://economicprism.com/tag/herbert-stein/)
- [ben stein](https://economicprism.com/tag/ben-stein/)
- [scientific law](https://economicprism.com/tag/scientific-law/)
- [dillweed](https://economicprism.com/tag/dillweed/)
- [dillweed economics](https://economicprism.com/tag/dillweed-economics/)
- [larceny](https://economicprism.com/tag/larceny/)
- [julius caesar](https://economicprism.com/tag/julius-caesar/)
- [crossing the rubicon](https://economicprism.com/tag/crossing-the-rubicon/)
- [the die is cast](https://economicprism.com/tag/the-die-is-cast/)
- [negative yields](https://economicprism.com/tag/negative-yields/)
- [credit expansion](https://economicprism.com/tag/credit-expansion/)
- [hui ka yan](https://economicprism.com/tag/hui-ka-yan/)
- [evergrande real estate](https://economicprism.com/tag/evergrande-real-estate/)
- [jack ma](https://economicprism.com/tag/jack-ma/)
- [alibaba group](https://economicprism.com/tag/alibaba-group/)
- [great recession](https://economicprism.com/tag/great-recession/)
- [2008 financial crisis](https://economicprism.com/tag/2008-financial-crisis/)
- [brazil](https://economicprism.com/tag/brazil/)
- [population demographics](https://economicprism.com/tag/population-demographics/)
- [old people](https://economicprism.com/tag/old-people/)
- [cyclically adjusted price earnings](https://economicprism.com/tag/cyclically-adjusted-price-earnings/)
- [buffett indicator](https://economicprism.com/tag/buffett-indicator/)
- [charles munger](https://economicprism.com/tag/charles-munger/)
- [berkshire hathaway](https://economicprism.com/tag/berkshire-hathaway/)
- [change](https://economicprism.com/tag/change/)
- [sell in may](https://economicprism.com/tag/sell-in-may/)
- [macd](https://economicprism.com/tag/macd/)
- [gold ira](https://economicprism.com/tag/gold-ira/)
- [precious metals](https://economicprism.com/tag/precious-metals/)
- [gold storage](https://economicprism.com/tag/gold-storage/)
- [retirement account](https://economicprism.com/tag/retirement-account/)
- [interest rates](https://economicprism.com/tag/interest-rates/)
- [cement](https://economicprism.com/tag/cement/)
- [shanghai composite index](https://economicprism.com/tag/shanghai-composite-index/)
- [david stockman](https://economicprism.com/tag/david-stockman/)
- [henry paulson](https://economicprism.com/tag/henry-paulson/)
- [napoleon bonaparte](https://economicprism.com/tag/napoleon-bonaparte/)
- [military misadventures](https://economicprism.com/tag/military-misadventures/)
- [march to moscow](https://economicprism.com/tag/march-to-moscow/)
- [construction boom](https://economicprism.com/tag/construction-boom/)
- [asian economies](https://economicprism.com/tag/asian-economies/)
- [ashley revell](https://economicprism.com/tag/ashley-revell/)
- [rule of 72](https://economicprism.com/tag/rule-of-72/)
- [compunded returns](https://economicprism.com/tag/compunded-returns/)
- [double your money](https://economicprism.com/tag/double-your-money/)
- [stagflation](https://economicprism.com/tag/stagflation/)
- [misery index](https://economicprism.com/tag/misery-index/)
- [cpi](https://economicprism.com/tag/cpi/)
- [war on cash](https://economicprism.com/tag/war-on-cash/)
- [terrorism](https://economicprism.com/tag/terrorism/)
- [elimination of paper currency](https://economicprism.com/tag/elimination-of-paper-currency/)
- [monetary control](https://economicprism.com/tag/monetary-control/)
- [bill gross](https://economicprism.com/tag/bill-gross/)
- [bond king](https://economicprism.com/tag/bond-king/)
- [bull market end](https://economicprism.com/tag/bull-market-end/)
- [economic hardship](https://economicprism.com/tag/economic-hardship/)
- [shillers price earnings ratio](https://economicprism.com/tag/shillers-price-earnings-ratio/)
- [copper](https://economicprism.com/tag/copper/)
- [yields](https://economicprism.com/tag/yields/)
- [presidential election cycle theory](https://economicprism.com/tag/presidential-election-cycle-theory/)
- [campaign spending](https://economicprism.com/tag/campaign-spending/)
- [broadcast and cable companies](https://economicprism.com/tag/broadcast-and-cable-companies/)
- [profitting from presidential election](https://economicprism.com/tag/profitting-from-presidential-election/)
- [socrates](https://economicprism.com/tag/socrates/)
- [the cynics](https://economicprism.com/tag/the-cynics/)
- [plato](https://economicprism.com/tag/plato/)
- [diogenes of sinope](https://economicprism.com/tag/diogenes-of-sinope/)
- [big fat greek default](https://economicprism.com/tag/big-fat-greek-default/)
- [wall street](https://economicprism.com/tag/wall-street/)
- [doom and gloom](https://economicprism.com/tag/doom-and-gloom/)
- [federal funds rate](https://economicprism.com/tag/federal-funds-rate/)
- [residential rental prices](https://economicprism.com/tag/residential-rental-prices/)
- [homeownership](https://economicprism.com/tag/homeownership/)
- [national low income housing coalition](https://economicprism.com/tag/national-low-income-housing-coalition/)
- [june gloom](https://economicprism.com/tag/june-gloom/)
- [debt market meltdown](https://economicprism.com/tag/debt-market-meltdown/)
- [benghazi attack](https://economicprism.com/tag/benghazi-attack/)
- [state department](https://economicprism.com/tag/state-department/)
- [freedon of information act](https://economicprism.com/tag/freedon-of-information-act/)
- [email](https://economicprism.com/tag/email/)
- [2016 presidential election](https://economicprism.com/tag/2016-presidential-election/)
- [robert prechter](https://economicprism.com/tag/robert-prechter/)
- [elliott wave](https://economicprism.com/tag/elliott-wave/)
- [treasury yields](https://economicprism.com/tag/treasury-yields/)
- [stock market collapse](https://economicprism.com/tag/stock-market-collapse/)
- [zimbabwe](https://economicprism.com/tag/zimbabwe/)
- [hyperinflation](https://economicprism.com/tag/hyperinflation/)
- [robert mugabe](https://economicprism.com/tag/robert-mugabe/)
- [gideon gono](https://economicprism.com/tag/gideon-gono/)
- [property confiscation](https://economicprism.com/tag/property-confiscation/)
- [pushing on a string](https://economicprism.com/tag/pushing-on-a-string/)
- [alexis tsipras](https://economicprism.com/tag/alexis-tsipras/)
- [emergency fund](https://economicprism.com/tag/emergency-fund/)
- [tax havens](https://economicprism.com/tag/tax-havens/)
- [the alamo](https://economicprism.com/tag/the-alamo/)
- [oecd](https://economicprism.com/tag/oecd/)
- [fourth of july](https://economicprism.com/tag/fourth-of-july/)
- [red](https://economicprism.com/tag/red/)
- [white](https://economicprism.com/tag/white/)
- [and blue](https://economicprism.com/tag/and-blue/)
- [old glory](https://economicprism.com/tag/old-glory/)
- [independence](https://economicprism.com/tag/independence/)
- [elvis presley](https://economicprism.com/tag/elvis-presley/)
- [june unemployment rate](https://economicprism.com/tag/june-unemployment-rate/)
- [mao zedong](https://economicprism.com/tag/mao-zedong/)
- [1930s](https://economicprism.com/tag/1930s/)
- [1970s](https://economicprism.com/tag/1970s/)
- [j. paul getty](https://economicprism.com/tag/j-paul-getty/)
- [corporate debt](https://economicprism.com/tag/corporate-debt/)
- [barbarous relic](https://economicprism.com/tag/barbarous-relic/)
- [bretton woods](https://economicprism.com/tag/bretton-woods/)
- [tricky dick](https://economicprism.com/tag/tricky-dick/)
- [paper money](https://economicprism.com/tag/paper-money/)
- [employment cost index](https://economicprism.com/tag/employment-cost-index/)
- [peter stroh](https://economicprism.com/tag/peter-stroh/)
- [beer](https://economicprism.com/tag/beer/)
- [slow growth](https://economicprism.com/tag/slow-growth/)
- [reduce debt](https://economicprism.com/tag/reduce-debt/)
- [hold cash](https://economicprism.com/tag/hold-cash/)
- [several streams of income](https://economicprism.com/tag/several-streams-of-income/)
- [declining productivity](https://economicprism.com/tag/declining-productivity/)
- [running of the bulls](https://economicprism.com/tag/running-of-the-bulls/)
- [davi mellado lopez](https://economicprism.com/tag/davi-mellado-lopez/)
- [yuan devaluation](https://economicprism.com/tag/yuan-devaluation/)
- [fifa](https://economicprism.com/tag/fifa/)
- [world cup](https://economicprism.com/tag/world-cup/)
- [scandal](https://economicprism.com/tag/scandal/)
- [rico act](https://economicprism.com/tag/rico-act/)
- [Jeff Clark](https://economicprism.com/tag/jeff-clark/)
- [cabrillo beach](https://economicprism.com/tag/cabrillo-beach/)
- [herbert stein's law](https://economicprism.com/tag/herbert-steins-law/)
- [temple of augustus and rome](https://economicprism.com/tag/temple-of-augustus-and-rome/)
- [economic war](https://economicprism.com/tag/economic-war/)
- [currency devaluation](https://economicprism.com/tag/currency-devaluation/)
- [interest rate adjustments](https://economicprism.com/tag/interest-rate-adjustments/)
- [robert citron](https://economicprism.com/tag/robert-citron/)
- [orange county bankruptcy](https://economicprism.com/tag/orange-county-bankruptcy/)
- [greater depression](https://economicprism.com/tag/greater-depression/)
- [currency crisis](https://economicprism.com/tag/currency-crisis/)
- [international diversification](https://economicprism.com/tag/international-diversification/)
- [paul samuelson](https://economicprism.com/tag/paul-samuelson/)
- [fall of the berlin wall](https://economicprism.com/tag/fall-of-the-berlin-wall/)
- [soviet union](https://economicprism.com/tag/soviet-union/)
- [real](https://economicprism.com/tag/real/)
- [currency crash](https://economicprism.com/tag/currency-crash/)
- [tummy tucks](https://economicprism.com/tag/tummy-tucks/)
- [debt bubble](https://economicprism.com/tag/debt-bubble/)
- [malinvestment](https://economicprism.com/tag/malinvestment/)
- [corporate defaults](https://economicprism.com/tag/corporate-defaults/)
- [energy information administration](https://economicprism.com/tag/energy-information-administration/)
- [emerging market economies](https://economicprism.com/tag/emerging-market-economies/)
- [imf](https://economicprism.com/tag/imf/)
- [institute of international finance](https://economicprism.com/tag/institute-of-international-finance/)
- [rome](https://economicprism.com/tag/rome/)
- [byzantine empire](https://economicprism.com/tag/byzantine-empire/)
- [fbi](https://economicprism.com/tag/fbi/)
- [cia](https://economicprism.com/tag/cia/)
- [nsa](https://economicprism.com/tag/nsa/)
- [phillips curve](https://economicprism.com/tag/phillips-curve/)
- [china plenum](https://economicprism.com/tag/china-plenum/)
- [china's communist party](https://economicprism.com/tag/chinas-communist-party/)
- [economic recession](https://economicprism.com/tag/economic-recession/)
- [consumer confidence](https://economicprism.com/tag/consumer-confidence/)
- [dow 30000](https://economicprism.com/tag/dow-30000/)
- [garbage in garbage out](https://economicprism.com/tag/garbage-in-garbage-out/)
- [central banking](https://economicprism.com/tag/central-banking/)
- [classical economists](https://economicprism.com/tag/classical-economists/)
- [ponzi scheme](https://economicprism.com/tag/ponzi-scheme/)
- [benefits decrease](https://economicprism.com/tag/benefits-decrease/)
- [money printing](https://economicprism.com/tag/money-printing/)
- [enoch parrish](https://economicprism.com/tag/enoch-parrish/)
- [apple orchards](https://economicprism.com/tag/apple-orchards/)
- [jenny ass](https://economicprism.com/tag/jenny-ass/)
- [producer prices](https://economicprism.com/tag/producer-prices/)
- [retail sales](https://economicprism.com/tag/retail-sales/)
- [walmart](https://economicprism.com/tag/walmart/)
- [target](https://economicprism.com/tag/target/)
- [black friday](https://economicprism.com/tag/black-friday/)
- [fractional reserve banking](https://economicprism.com/tag/fractional-reserve-banking/)
- [thanksgiving day](https://economicprism.com/tag/thanksgiving-day/)
- [san joaquin valley](https://economicprism.com/tag/san-joaquin-valley/)
- [economic stimulus](https://economicprism.com/tag/economic-stimulus/)
- [special drawing rights](https://economicprism.com/tag/special-drawing-rights/)
- [devaluation](https://economicprism.com/tag/devaluation/)
- [soft peg](https://economicprism.com/tag/soft-peg/)
- [joe sixpack](https://economicprism.com/tag/joe-sixpack/)
- [purchasing manager's index](https://economicprism.com/tag/purchasing-managers-index/)
- [boone's farm](https://economicprism.com/tag/boones-farm/)
- [money supply](https://economicprism.com/tag/money-supply/)
- [quantity theory of money](https://economicprism.com/tag/quantity-theory-of-money/)
- [price inflation](https://economicprism.com/tag/price-inflation/)
- [interest rate cycles](https://economicprism.com/tag/interest-rate-cycles/)
- [wealth exodus](https://economicprism.com/tag/wealth-exodus/)
- [junk bonds](https://economicprism.com/tag/junk-bonds/)
- [financial crisis](https://economicprism.com/tag/financial-crisis/)
- [holiday party](https://economicprism.com/tag/holiday-party/)
- [information publishing](https://economicprism.com/tag/information-publishing/)
- [fail fast](https://economicprism.com/tag/fail-fast/)
- [lucius annaeus seneca](https://economicprism.com/tag/lucius-annaeus-seneca/)
- [christmas past](https://economicprism.com/tag/christmas-past/)
- [carice williams](https://economicprism.com/tag/carice-williams/)
- [childhood](https://economicprism.com/tag/childhood/)
- [memories](https://economicprism.com/tag/memories/)
- [merry christmas](https://economicprism.com/tag/merry-christmas/)
- [oil producers](https://economicprism.com/tag/oil-producers/)
- [oil hedges](https://economicprism.com/tag/oil-hedges/)
- [opec](https://economicprism.com/tag/opec/)
- [bankruptcy protection](https://economicprism.com/tag/bankruptcy-protection/)
- [2016 predictions](https://economicprism.com/tag/2016-predictions/)
- [gold prices](https://economicprism.com/tag/gold-prices/)
- [world war III](https://economicprism.com/tag/world-war-iii/)
- [future president](https://economicprism.com/tag/future-president/)
- [shanghai stock exchange](https://economicprism.com/tag/shanghai-stock-exchange/)
- [trade](https://economicprism.com/tag/trade/)
- [quantity of money](https://economicprism.com/tag/quantity-of-money/)
- [mean reversion](https://economicprism.com/tag/mean-reversion/)
- [skid row](https://economicprism.com/tag/skid-row/)
- [government intervention](https://economicprism.com/tag/government-intervention/)
- [debt problem](https://economicprism.com/tag/debt-problem/)
- [10-year government bond](https://economicprism.com/tag/10-year-government-bond/)
- [negative yield](https://economicprism.com/tag/negative-yield/)
- [abenomics](https://economicprism.com/tag/abenomics/)
- [shinzo abe](https://economicprism.com/tag/shinzo-abe/)
- [nirp](https://economicprism.com/tag/nirp/)
- [gold convertibility](https://economicprism.com/tag/gold-convertibility/)
- [peter sands](https://economicprism.com/tag/peter-sands/)
- [leap year](https://economicprism.com/tag/leap-year/)
- [calendar year](https://economicprism.com/tag/calendar-year/)
- [astronomical year](https://economicprism.com/tag/astronomical-year/)
- [helicopter drops](https://economicprism.com/tag/helicopter-drops/)
- [gold standard](https://economicprism.com/tag/gold-standard/)
- [dollar reserve standard](https://economicprism.com/tag/dollar-reserve-standard/)
- [entitlements](https://economicprism.com/tag/entitlements/)
- [no such thing as a free lunch](https://economicprism.com/tag/no-such-thing-as-a-free-lunch/)
- [brandolini's law](https://economicprism.com/tag/brandolinis-law/)
- [fomc](https://economicprism.com/tag/fomc/)
- [deficit spending](https://economicprism.com/tag/deficit-spending/)
- [credit card debt](https://economicprism.com/tag/credit-card-debt/)
- [gdpnow model forecast](https://economicprism.com/tag/gdpnow-model-forecast/)
- [government debt](https://economicprism.com/tag/government-debt/)
- [interval between recessions](https://economicprism.com/tag/interval-between-recessions/)
- [fibonacci sequence](https://economicprism.com/tag/fibonacci-sequence/)
- [golden ratio](https://economicprism.com/tag/golden-ratio/)
- [value investing](https://economicprism.com/tag/value-investing/)
- [buy low sell high](https://economicprism.com/tag/buy-low-sell-high/)
- [larry fink](https://economicprism.com/tag/larry-fink/)
- [intel](https://economicprism.com/tag/intel/)
- [RIF'd](https://economicprism.com/tag/rifd/)
- [stampede](https://economicprism.com/tag/stampede/)
- [1930s economy](https://economicprism.com/tag/1930s-economy/)
- [1970s economy](https://economicprism.com/tag/1970s-economy/)
- [crashes](https://economicprism.com/tag/crashes/)
- [tarp](https://economicprism.com/tag/tarp/)
- [aig](https://economicprism.com/tag/aig/)
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- [tahquitz](https://economicprism.com/tag/tahquitz/)
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- [idyllwild](https://economicprism.com/tag/idyllwild/)
- [cahuilla](https://economicprism.com/tag/cahuilla/)
- [pre-columbian america](https://economicprism.com/tag/pre-columbian-america/)
- [trade war](https://economicprism.com/tag/trade-war/)
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- [androids](https://economicprism.com/tag/androids/)
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- [us treasury](https://economicprism.com/tag/us-treasury/)
- [unemployment rate](https://economicprism.com/tag/unemployment-rate/)
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- [the master of disaster](https://economicprism.com/tag/the-master-of-disaster/)
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- [cahuilla indians](https://economicprism.com/tag/cahuilla-indians/)
- [debt reckoning](https://economicprism.com/tag/debt-reckoning/)
- [financial meltdown](https://economicprism.com/tag/financial-meltdown/)