Who will get hurt from the next stock market crash? Not just investors…

Summary: There is an exception to Saturday's post, which said that a stock market crash would have only minor economic effects on America. Just as an oil crash hurts oil producing regions, such as Texas, a stock market crash hurts areas that produce stock certificates. Printing this "paper" is the most profitable part of the … Continue reading Who will get hurt from the next stock market crash? Not just investors…

The key things to know about the great American bubble machine

Summary: It's increasingly obvious that the US economy has become locked into a low-growth, bubble-driven, boom-bust mode. This post provides a brief description, an antidote to the news media's superficial coverage of this important dynamic. If readers are interested, future posts will provide a deeper analysis.  {1st of 2 posts today.} Contents Bubbles, bubbles, everywhere. … Continue reading The key things to know about the great American bubble machine