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Articles related to Recession
 
Nathan Lewis - New World Economics
The Bank of England, 1720-1913
In 1844, there was a new regulation of the Bank of England, which separated the Bank into an Issue Department and a Banking Department. The Issue Department was solely responsible for issuing and managing banknotes, or "currency in circulation." The Banking Department was responsible for lending, including deposits. We recognize today that deposits at the currency issuer (central bank) are a form of base money, much like banknotes, because they are accepted as an ultimate form of payment. Thus, what we now recognize as "base money" was split between the two Departments. This introduced some funny issues, which we may talk about in much more detail later.
Saturday, March 25, 2017
Axel Merk - Merk Fund
What's next for the Dollar, Gold Stocks?
Axel Merk, Merk Investments March 22, 2017  Follow @AxelMerk Tweet      Two rate hikes since last year have weakened the dollar. Why is that, and what’s ahead for dollar, currencies & gold? And while we are at it, we’ll chime in on what may be in store for the stock market... Stoc
Thursday, March 23, 2017
Mish - Global Economic Analysis
Consumer Sentiment Statistical Noise: Modern Day Snake Oil
Hooray! On March 17, the widely-followed University of Michigan Consumer Sentiment Index hit a 17-year high. The Fed and most of mainstream media believe consumer sentiment relates to consumer spending. It’s one of those beliefs that is bandied about that no one seems to have thoroughly investigated. Last week, John Hussman posted an interesting chart comparing consumer sentiment to the stock market. But let’s dive deeper. Specifically, let’s see how sentiment does or doesn’t relate to retail sa
Tuesday, March 21, 2017
Michael Pento - Delta Global Advisors
Survey Says...Ignore the Hard Data at Your Peril
Surveys of both consumers and businesses show there is an extreme level of confidence regarding future GDP growth. Consumer confidence is now at its highest level since 2001. Small and medium-sized business owners, the driving force of growth in the economy, appear downright giddy; as the NFIB Small Business Optimism Index recently soared to its highest level since 2004. The Philly Fed Index, a survey that gauges how well manufacturers are feeling, hit its highest level since 1984. Bus
Monday, March 20, 2017
Phoenix Capital - Gains Pains & Capital
Obama, Bernanke and Yellen Rigged the Bond Market. Now it’s Trump Turn to Dance or be their Dunce
Government dysfunction is at its worst.  We voted them in.  We have no one to blame but ourselves. Granted, the choices were abysmal. But the Republican and Democratic parties, with no third party competition, can continue to run dysfunctional governments, whittling away our dominant global position until the cracks of our broken government becomes abundantly clear.  As a society, we play right into their subterfuge of keeping us so upset at the other party, we don’t see right in front of our ow
Monday, March 20, 2017
Mish - Global Economic Analysis
Used Car Prices Plunge Most in Any Month Since 2008, Only 2nd February Decline in 20 Years
According to NADA Used Car Guide, wholesale prices on used vehicles are getting crushed. Let’s take a look at the details. Used Car Prices Since 1995 Used Car Prices by Type of Vehicle Used Market Update In a reversal of what typically occurs in February, wholesale prices of used vehicles up to eight years old fell substantially last month, dropping 1.6% compared to January. The drop was counter to the 1% increase expected for the month and marked just the second time in the past 20 years pri
Monday, March 20, 2017
Gordon Long - Market Analytics
Why The Status Quo Is Under Increasing Attack By 'Populist People Po
Protecting The Status Quo Is Failing We need to fully appreciate yet another example of what the mainstream media doesn't yet get! The "People" increasingly don't see the system working for them anymore and have as consequence become much more willing to try something very different, possibly even extreme, depending on how serious their personal blight has become! Unorthodox politicians like Donald Trump in the US, with disruptive, non-internationalist politics are increasingly emergin
Monday, March 20, 2017
Gerard Jackson
The "wealth effect" an Austrian view
It is being said that if the fed could just get the ‘wealth effect’ into motion the US economy would fully recover from the recession. But the ‘wealth effect’ is a phantom, the sort of economic fallacy that only a Keynesian could conjure up.  Those who support this fiction argue that a stock market’s performance is driven by a net inflow of funds which in turn is driven by economic growth. They go further by saying that growth in turn is driven by investment, innovation and productivity, all of
Sunday, March 19, 2017
Sprott Money
Death, Debt, Devaluation and Taxes - Gary Christenson
Death: It comes to all of us, including empires, paper currencies and countries. Debt: The world is drowning in debt – $150 to $200 trillion. The U.S. government is sinking into a black hole of debt – $20 trillion official and another $100 – $200 trillion in unfunded obligations. Total U.S. debt securities exceed $40 trillion according to the St. Louis Federal Reserve. Devaluation: Given unpayable debt and unwillingness to face the insanity, the remaining option is devaluation. Taxes: Gover
Sunday, March 19, 2017
Antal E. Fekete - Gold University
Is Aggregate Debt Excessive?
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Saturday, March 18, 2017
Phoenix Capital - Gains Pains & Capital
1,000% Returns? Sure, When PIIGS Fly! - by Michael Carino - Greenwich Endeavors
The world is filled with intelligent people in finance.  Unfortunately, being intelligent doesn’t always mean you are smart.  To make sound investments, you need to be looking forward and constantly coming to rational conclusions.  One has to avoid sheltering oneself in a herd of backward focused investors taking comfort in performing in line with the masses.  Patting yourself on the back as all markets are trending higher and wallowing in ignorant pity as markets drop lower saying “who would ha
Wednesday, March 15, 2017
Andy Hoffman - Miles Franklin
Extremes To The Extreme
It’s just one day before the Ides of March; when not one, not two, but three potentially explosive “PM bullish, everything-else-bearish” factors are “scheduled” to occur.  During which, Andrew Maguire claims the wholesale physical gold market – where the world’s largest buyers, like Central banks and sovereign funds, play – has never been tighter; with massive unseen buy orders at the $1,200/oz level.  Will this in fact “break” the paper market in the next few months, as he anticipates?  I guess
Tuesday, March 14, 2017
Mish - Global Economic Analysis
Another Scotland Independence Referendum Coming Up: Project Fear Scottish Style Once Again?
In the midst of various Frexit, Italexit, and Grexit battles, Scotland’s First Minister Nicola Sturgeon announced she will seek a Second Scottish Independence Referendum. Recall that Nicola Sturgeon succeeded Alex Salmond as First Minister of Scotland following his resignation in the wake of the defeat of the “Yes Scotland campaign” in the Scottish independence referendum, in November 2014. The referendum was supposed to have killed the Scottish independence movement. It didn’t. From the first
Tuesday, March 14, 2017
Michael Pento - Delta Global Advisors
Here's What the Market Could do ror the 3rd Time in 17 Years
The major averages continue to set record highs, which provides further evidence that Wall Street is becoming more complacent with the growing dichotomy between equity prices and the underlying strength of the U.S. economy. When investors view the Total market cap to GDP ratio, it becomes strikingly clear that economic growth has not at all kept pace with booming stock values in the past few years. In fact, this key metric, which oscillated between 50-60% from the mid-seventies to mid-
Monday, March 13, 2017
Chris Martenson
When This All Blows Up...
This report marks the end of a series of three big trains of thought. The first explained how we’re living through the Mother Of All Financial Bubbles. The next detailed the Great Wealth Transfer that is now underway, siphoning our wealth into the pockets of an elite few. This concluding report predicts how these deleterious and unsustainable trends will inevitably ‘resolve’ (which is a pleasant way of saying ‘blow up’.) The Ka-POOM Theory In terms how this will all end, we favor the scenario pu
Monday, March 13, 2017
Phoenix Capital - Gains Pains & Capital
It's 1937 All Over Again: Weak GDP, Soaring Inflation, and the Fed Hiking
The US economy continues to implode as inflation ignites. GDP Now has collapsed from 3.4% in early February to 1.3% today. It will be revised even lower based on the awful deficit numbers (the US trade deficit hit a five year high in January). Meanwhile, inflation is soaring. The Fed tracks FOUR inflation metrics. They are Core CPI, Core PCE, Trimmed Mean CPI and Cleveland Median CPI. Roughly all four are now at or above the Fed’s so-called “target” of 2%. ·      Core CPI is growing at an annua
Thursday, March 9, 2017
Mish - Global Economic Analysis
Rigged System: Fake Risk, Fake Return
Is the system rigged? If so, is this the end of volatility? Axel Merk explores those questions in this guest post. Fake Risk, Fake Return? With seemingly everyone from the blogosphere to the Tweeter-in-chief chiming in on fake news, have investors considered their risk/return profile may also be “fake”? When it comes to investing, who or what can we trust, is the market rigged, and why does it matter? For eight years in a row now, an investment in the S&P 500 has yielded positive returns [2015
Tuesday, March 7, 2017
The Gold Report
Market Euphoria, China's Dumping of Treasuries Ignite Recession Concerns
Citing the uncertainty caused by China dumping U.S. Treasuries, an impending debt ceiling crisis, the upcoming French elections, and more, Wealth Research Group editor Lior Gantz advises investors to make sure their portfolios are diversified. Each of the last five major U.S. recessions were preceded by a shrinking global trade as a percentage of GDP. Peak globalization might go down in history as May 7, with the French elections, and it could signal
Tuesday, March 7, 2017
Andy Hoffman - Miles Franklin
The Rapidly Dying U.S. Economy, And The Fed’s “Hobson’s Choice”
Early Monday, it’s “one of those days” when I’m scanning my notes for a single, defining “PM bullish, everything-else-bearish” topic to focus on – but am having trouble doing so, given just their sheer breadth, and depth.  Fortunately, I found the best way to present this weekend’s data – via the time tested “East to West” format.  That said, I want to start with a domestic topic before moving to the East, given just how important it is, and how impactful it will be on our lives.  And no, it’s n
Tuesday, March 7, 2017
Michael Pento - Delta Global Advisors
Markets Have Priced in Trump Getting EVERYTHING He Wants... What If
Transcript Below: Mike Gleason: It is my privilege now to welcome in Michael Pento president and founder of Pento Portfolio Strategies and author of the book The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market. Michael is a money manager and who ascribes to the Austrian School of Economics and has been a regular guest on CNBC, Bloomberg, Fox Business News, and also the Money Metals podcast. Michael, it's great to have you on with us again, and thanks so m
Monday, March 6, 2017
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