Summary:Â Yesterday we examined the condition of the US economy. Today we look at a major driver of our prosperity, and what might be its long-term effects. . Contents How we got here What do we have to show from 5 years of massive stimulus? Why continue the stimulus? Putting the stimulus in perspective For …
What about the past and future effects of the economic stimulus? Read More »
Summary: Today we again look at the US economy. What’s happening? What does it tell us about the future? . Recent US economic data is confused far more than usual. For several months we have seen contradictory economic statistics (more so than usual). The economic signals different drastically in magnitude, and often directionally as well. …
A status report on the US economy. What lies ahead for us? Read More »
Summary: Many economists and pseudo-experts forecast not just the long-anticipated “v” recovery, but an acceleration of the current good news into a boom. Before we pop the corks, let’s look at the recovery, what the recovery cost us,  and how we’ve spent this expensively bought time. What happened in 2011? 1.8 million new jobs (from the current employment survey) Increase …
We have an economic recovery. It costs $1.1 trillion per year – and might still fail Read More »
Summary: a look at the US economy. Richard Koo’s dark forecasts have proven right so far. Now we test his last and most important prediction. Most Americans knew 4 great things at the start of this recession, confidently explained by our experts. Richard Koo, economist for Nomura, said that time would prove all of these wrong. …
We are following Japan’s path of decline. The real test comes later this year. Read More »
Summary:Â A powerful metaphor, widely used, about this recession — the worst since the 1930’s — providing important insights. Excerpt from “Financial Heroin”, Don Coxe, Coxe Advisors, 16 December 2009: … my father was a doctor in the Canadian Army in WWII, and served in the Italian campaign. He became greatly respected for his anaesthesia …
Government economic stimulus is financial heroin Read More »
