Worse Than the Great Recession?
As another earnings season comes to an end, one thing immediately jumps out: Stock prices are out of whack from their core value — earnings. And the implications are dire.
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U.S. Economy
Wall Street Is Destroying the Economic Recovery
Despite the Fed’s blather, America’s chemistry is off. An ingredient necessary for a vibrant economy is missing. One look at the data will show you exactly what’s missing and why.
Basic Income Will Kill the Economy
In a world where machines can make perfect burgers, there’s no need for $15-an-hour burger flippers. But the solution, basic income, is more science fiction than fact.
The Market’s Breaking Point
Price discovery. Never heard the term? Remember it, because it explains the logic defying melt-up the market is going through right now.
Obama’s Market Meltdown
Since 1920, only six presidents have served a full two terms, or eight years. Obama is about to make it seven, resulting in a rare market cycle with an ominous outlook.
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