In economic Neverland, the central banker also refuses to grow up. They act like children. And they do everything in their power to escape reality.
Politics and History
Our editors look back to previous periods in politics and history to discover the parallels with today’s market and how this can help your investing.
History doesn’t repeat, as writer Mark Twain once wrote, but it rhymes. For an entertaining and informative romp through financial disasters and bull markets of yesteryear, plus the legendary investors who made a fortune and the foolish knaves who lost their shirts, read on…
Despite our recent open letter to him, the person not sending us an email was Donald J Trump. But let’s check with the markets before we return to politics…
Hillary’s Deep State economics don’t work. We’ve been arguing for years that fixing the price of credit by central banks would have the same consequences as fixing any other price: disaster.
Adjusted for inflation, real growth in the US economy — as measured by actual tax collections rather than the feds’ squirrelly statistics — is falling. The world economy, too, is slowing.
Here at the Diary, we always take the side of the underdog, the diehard, and the lost cause. It’s beginning to look like Donald Trump may be all three.
Is the election really rigged? Probably not in the way Mr Trump intends listeners to believe. But the ‘system’ is so rigged that the election results hardly matter.
What is the 2016 election if not a giant pileup of perversion, error, miscalculation, and accident? What is the cause? We have a prime suspect.
Our views on the demise of conservativism are not unique to us. But our views on what caused it are. Bill Bonner explains the death of conservative America.
Fake money, fake statistics, and fake interest rates — they’ve created an economy where the Trump voter has less real income.
We had tuned in to watch the presidential debate. The most painful part of the evening was the earnest self-congratulation that preceded the main event.
This is a new kind of war, a fake war designed merely to shift money and power to a corrupt Deep State industry: the terror industry.
Our ‘wars’ are now fake, too. When the feds announce a new war, we naturally assume their goal is to beat the enemy. Not so.
During the recent debate, Trump said that the US economy was a ‘big, fat, ugly bubble’, and blamed it on Yellen, the Fed and their easy money policies.
Whatever you think of Donald Trump, his candidacy is one big middle finger to the Establishment. It’s part of the worldwide rise of ‘People Power’.
The US in not controlled by the president or by Congress. Voters merely flatter themselves in believing they elect the people who run the country.