Archive for the ‘Interesting History’ Category
“Workarounds” Galore: How Real Americans Deal With “Real” Inflation
May 1st, 2019 by Jason B. Vanclef
Authored by Charles Hugh Smith via OfTwoMinds blog, It’s the list of workarounds – always growing, never shrinking – that’s telling us the true story of inflation in America. Today I’m publishing a guest post by writer Bill Rice, Jr., on “real inflation,”which as everyone knows far exceeds the “official” inflation rate of 2%. Bill and I corresponded […]
2018 Is Officially “The Worst Year On Record” With 93% Of All Assets Down
December 21st, 2018 by Jason B. Vanclef
by Tyler Durden Fri, 12/21/2018 – 07:45 Two months ago we first showed what Deutsche Bank dubbed “a quite fascinating statistic” namely that as of the end of October, 89% of assets that the German bank collects data on for its annual long-term study, had a negative total return year to date in dollar terms. […]
The Crash Of 1929: “Can It Happen Again?”
April 28th, 2018 by Jason B. Vanclef
Fri, 04/27/2018 – 21:35 Submitted by GnS Economics In the 4th of February, we published a blog entry detailing the similarities of the current stock market environment with that before the stock market crash in 1987. On February 5th, the Dow Jones Industrial Average (DJIA) experienced the worst daily point decline of its history. Since then, the stock market […]
Residents Of This State Pay The Highest Taxes In The US
March 18th, 2018 by Jason B. Vanclef
by Tyler Durden Sat, 03/17/2018 – 21:33 Last week we reported that residents of New Jersey were about to enter the 9th circle of financial hell as the state, fast approaching a fiscal, economic and budgetary catastrophe, was preparing to raise taxes on “almost everything.” But if New Jerseyans are approaching a tax inferno, residents of Illinois are already […]
38 Incredible Facts About The Modern U.S. Dollar
July 10th, 2017 by Jason B. Vanclef
By Tyler Durden Created 07/09/2017 – 23:40 We have it starting in 1913, when the Federal Reserve Act was passed by Woodrow Wilson. Not only did it establish a new central bank, but it also gave the Fed the authority to issue the Federal Reserve Note, which is (for now) the dominant form of U.S. currency both domestically and […]
The Market Is Delusional: Earnings Growth Rates Are Dramatically Overstated
June 17th, 2017 by Jason B. Vanclef
Jun.16.17 Seeking alpha.com Summary Corporate profits after tax continue to represent a historically large portion of the economy. Earnings growth relies on one of two terrible theories. Either more of the pie goes to corporate profits or GDP suddenly roars back to life. The labor force growth rate is anemic at best and hours per […]
The Real Unemployment Number: 102 Million Working Age Americans Do Not Have A Job
June 5th, 2017 by Jason B. Vanclef
Jun 5, 2017 2:33 PM Authored by Michael Snyder, Did you know that the number of working age Americans that do not have a job right now is far higher than it was during the worst moments of the last recession? For example, in January 2009 92.6 million working age Americans did not have a […]
In “Watershed Moment” Merkel Says Germany Can No Longer Rely On America
May 29th, 2017 by Jason B. Vanclef
by Tyler Durden May 29, 2017 5:27 AM One day after Donald Trump infuriated Angela Merkel and the rest of his G-7 peers, when the US president refused to endorse the Paris climate treaty, prompting the German chancellor to say that “the whole discussion about climate has been difficult, or rather very unsatisfactory… here we […]
Coincidence? Dow Hits 20,000 As National Debt Reaches $20 Trillion
January 27th, 2017 by Jason B. Vanclef
by zerohedge.com Jan 27, 2017 12:21 PM Submitted by Michael Snyder via The Economic Collapse blog, The Dow Jones Industrial Average provides us with some pretty strong evidence that our “stock market boom” has been fueled by debt. On Wednesday, the Dow crossed the 20,000 mark for the first time ever, and this comes at a […]
Descend Into The World’s Deepest Gold Mine
December 12th, 2016 by Jason B. Vanclef
by zerohedge.com Dec 11, 2016 3:58 PM Humans will do almost anything for gold. In fact, as Visual Capitalist’s Jeff Desjardins notes, they will even suspend themselves 2.5 miles into the Earth – braving extreme temperatures, armed thieves, and constant seismic activity – just to mine a 30-inch gold reef. Welcome to another day at Mponeng, […]