Commentary The real estate industry accounts for 25 percent of China’s GDP, and more than one-third of local government revenues are tied to either land sales or home sales. But mounting problems—with no obvious solutions—are threatening to destabilize not just the real estate sector but China’s banks and industrial producers. It’s a “gray swan” problem…
The Psy-ops of Inflation Reports
Commentary Yesterday we were treated to the astonishing claims of the White House that inflation was zero. It was the broadcasting of a math error that would have been marked wrong on any test in a high-school primer on economics. But if our times have taught us anything it is that politics cares nothing for…
As Inflation Soars, Biden Claims It Is Gone
Commentary It was another month of devaluation of the dollar for Americans, another month of stealth taxation through monetary debasement. This one matters not only because they show that “very bad” is not getting better. It reveals that nothing the Fed is doing is yet working genuinely to tame the disaster. The dollar’s purchasing power…
As Inflation Soars, Biden Claims It’s Gone
Commentary It was another month of devaluation of the dollar for Americans, another month of stealth taxation through monetary debasement. This one matters not only because they show that “very bad” is not getting better. It reveals that nothing the Fed is doing is yet working genuinely to tame the disaster. The dollar’s purchasing power…
The Politics Behind Inflation and Recession
Commentary Among the issues that are barely discussed by economists are the current policies pushing the U.S. economy toward a state of collapse. And yet recently, former President Trump warned about the possibility of an economic collapse (i.e., a depression). He, for example, quite rightly blamed the Biden administration for the inflation crisis. To note,…
Recession or Not, Doublespeak Persists
Commentary It seems as if we have conflicting reports inside the minds of America’s economic and business elite. While recessions are generally easy to define, this time the powers that be are having trouble. Are we in a recession or not? Officially, the National Bureau of Economic Research (NBER) committee, which decides and records recessions…
Is This Still a Constitutional Republic?
Commentary The raid on Donald Trump’s home, reportedly to pillage some documents that the former president believes he declassified, certainly raises some serious questions about the role of government power and what kind of regime it is under which we live. Several reports suggest that the White House and President Joe Biden’s personal staff found…
The Jobs Hoax
Commentary It took the better part of the weekend to unravel the truth behind the headlines that Biden presides over a job-creation machine. Looking at the details beneath the big claims paints a frightening picture not of a growing and enterprising economy but rather the opposite. What we find is a picture of an increasingly…
Best Exchange-Traded Funds to Buy During a Recession
Commentary Fears of a recession have been front of mind recently for many investors, with some thinking we’re already in one. Unfortunately, official confirmation of a recession often arrives long after the recession has ended. Prudent investors have been, or should already be, reevaluating their holdings to remove those investments that won’t do well and…
ETFs for the Recession
Commentary Fears of a recession have been front of mind recently for many investors, with some thinking we’re already in one. Unfortunately, official confirmation of a recession often arrives long after the recession has ended. Prudent investors have been, or should already be, reevaluating their holdings to remove those investments that won’t do well and…
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