Tag Archives: china
More Credit, More Debt: Lessons from the Last Great Unraveling
“The lord giveth increase, but man devised credit.” — Garet Garrett Solving the Debt Problem with Credit Something quite remarkable happened in the years following the war to end all wars. European economies were ruined and European governments were buried … Continue reading
How to Invest in a Declining Economy
Despite enormous monetary and fiscal stimulus efforts, the world economy continues to trudge along like a weary pack mule. Most European countries are in recession, the United States is growing at just 1.9 percent, and, from what we gather, China’s … Continue reading
The Consequences of Lard
The Labor Department reported last Friday that consumer prices increased 0.3 percent in March. More importantly, however, when adjusting for the increase in prices, worker earnings fell 0.4 percent during the month. What this means is that wage earners are … Continue reading
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. No doubt, a devastating water crisis … Continue reading
