Tag Archives: business cycle
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 … Continue reading
A Walk on the Wild Side
“Never play cards with a man called Doc. Never eat at a place called Mom’s. Never sleep with a woman whose troubles are worse than your own.” – Nelson Algren, A Walk on the Wild Side Fresh Fruit or Rotting … Continue reading
How to Blow $12.2 Billion in No Time Flat
One month ago we asked: What kind of stock market purge is this? Over the last 30 days the stock market’s offered plenty of fake responses. Yet we’re still waiting for a clear answer. The stock market, like the President, … Continue reading
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 … Continue reading
