A Classic Article Revisited

One of the classic articles of the housing bubble is “America’s House Party” from Time Magazine, June 2005.  It really provides a flavor of the period, as well as provides a perspective of a bubble environment. Here is the link: http://www.time.com/time/magazine/article/0,9171,1069097,00.html   SPX at 1032.81 as this post is written

Expanding Upon Two Concepts

I would like to briefly expand on a couple of points I made in my recently posted “America’s Trojan Horse” article (which can be found listed along the right-hand side of the main page.) First, I wrote, “There also appears to be a growing insensitivity to higher deficits and debts.”  This is alarming, as sums  of …

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The Importance Of Dealing With Problems Early

During his July 22 Press Conference, President Obama said healthcare is “a problem that Washington has failed to solve for decades.” Unfortunately, the healthcare problem isn’t the only problem that has been “brewing” for a long time.  It is imperative that problematical issues are dealt with effectively when they are in their early stages.  Otherwise, …

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Healthcare – A Few Thoughts

As President Obama said during his July 22 Press Conference, healthcare is “a problem that Washington has failed to solve for decades.” I want to make a few random comments about healthcare.  Any substantive discussion on my part would be exceedingly lengthy as this is a complex subject. I do believe that there has to …

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What Is The Stock Market “Telling” Us?

With the stock market (as seen in the S&P500) recently near the 1020 level, there is no debating that the rally since the early March lows of 666 has been a very strong one.  Also, there have been very strong rallies in other markets as well (Nasdaq, Emerging Markets, Debt Markets, etc.) Below is the 1-Year Daily …

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Median Duration of Unemployment

I think the following chart is one that surely deserves attention: (click on chart image to enlarge) Source: St. Louis Federal Reserve It shows the Median Duration of Unemployment.  One notices the trajectory of the chart during our current period of economic weakness. Although I have reservations as to how the data on this chart …

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New Article: “America’s Trojan Horse”

I just posted a new article titled “America’s Trojan Horse.”  The subtitle is “A Different Look At The National Debt.”  It can be found under the “Pages” section along the right-hand side, as well as at this link: https://www.economicgreenfield.com/americas-trojan-horse/ The article goes well with many of the themes presented on this blog, including Sustainable Prosperity, America’s Economic …

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Double-Digit Revenue Declines

The August 17 edition of Business Week, p19 had a column titled “A Record Revenue Decline.”  It can be found here at the bottom of the page: http://www.businessweek.com/magazine/content/09_33/c4143btw375952.htm?chan=magazine+channel_the+business+week This line is especially noteworthy: “This marks the first time since S&P started tracking quarterly revenues (in 1993) that revenues dipped 10% or more for three quarters in …

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Debunking A Popular Phrase

One of the phrases that I have heard innumerable times is that our current period of economic weakness “isn’t as bad as The Great Depression because during The Great Depression unemployment was at 25%.” While I have commented repeatedly on this blog that I don’t believe we should be equating our current economic condition to that of …

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The Hyperinflation Theme

One of the more prevalent themes mentioned has been the possibility, or probability, of hyperinflation.  Hyperinflation is often mentioned due to the degree of “money pumping” and other intervention measures that have occurred in the last two years to combat this period of economic weakness. However, despite all of the predictions of hyperinflation, there appears to …

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