All Posts Tagged With: "economy"

Obama is beginning to realize what he’s up against. This is no ordinary cyclical downturn. Typically, a slump brings interest rates down. (Usually accompanied by central bank rate cuts.) Cheaper borrowing arouses business and speculative activity… which, in turn, tends to get the economy moving again.

It’s been quite some time since we’ve run what we call a ‘Classique’ - an essay that we have run before, but one whose idea stands the test of time. And so, today we look back and consider the quickly deteriorating economic situation the United States has found itself in - one which some may say began under one man’s direction. But we’ll let him speak for himself. Take it away, Maestro…

As you recall, just when it looked as though inflation had the upper hand, the forces of deflation began a major counter-offensive. The artillery barrage began only a couple of weeks ago. Since then, the battle has shifted dramatically…

Here at Casey Research we have been on the record as bearish on the outlook for the economy for some years now. Lest you think that is loose boasting, I can offer proof in Doug Casey’s August 2005 article, the dramatically titled “Profiting from the End of Western Civilization”. In that article, he looked ahead and saw the inflation that the government’s loose money policies made inevitable. A quote…

We haven’t given you much of a view of how the economy here looks in Colorado. Sorry. We’ve been too busy eating massive portions of food while fending off rubber-band toting nieces and nephews. But since we’re on our way back to Melbourne tomorrow, how about a few parting observations from Colorado? If you want free market commentary today, go over yonder to our colleagues at Money Morning, who have it all under contrarian control.