Posted in Bailouts, Cost of labor, Economic Issues, Federal Reserve, Free-Market, government incompetence, Government Regulations, Government Stimulus, Interest on the Debt, Interest rate manipulation, National Debt, Policy Issues, Tax Policy, U.S. Security, Uncategorized, Unemployment

The Grumpy Economist: Volalitily, now the whole thing

WONK ALERT!

And now for the meaty post of the week! Seriously, this is a fantastic piece by The Grump Economist, John H. Cochrane, senior fellow at The Hoover Institute.

Here’s a sneak preview:

What’s causing the big drop in the stock market, and the bout of enormous volatility we’re seeing at the end of the year?

The biggest worry is that this is The Beginning of The End — a recession is on its way, with a consequent big stock market rout. Is this early 2008 all over again, a signal of the big drop to come?

Maybe. But maybe not. Maybe it’s 2010, 2011, 2016, or the greatest of all, 1987. “The stock market forecast 9 of the last 5 recessions,” Paul Samuelson once said, and rightly. The stock market does fall in recessions, but it also corrects occasionally during expansions. Each of these drops was accompanied by similar bouts of volatility. Each is likely a period in which people worried about a recession or crash to come, but in the end it did not come.

Still, is this at last the time? A few guideposts are handy.

https://johnhcochrane.blogspot.com/2019/01/volalitily-now-whole-thing.html

Posted in Affordable Care Act (ObamaCare), big government, Dependency, Economic Issues, Government Spending, Healthcare financing, Interest on the Debt, Leadership, Medicare, National Debt, Policy Issues, Reforming Medicare, Uncategorized

Rand Paul Blasts Republicans for Repealing Obamacare with Budget – YouTube

Great tutorial that can get you up-to-speed on the budget and how it won’t balance under current trajectory.  Senator Paul explains a simple way to balance and control the debt.

 

Posted in Bailouts, Currency Manipulation

Peter Schiff on the Fed, Rand Paul, and the Next Financial Crisis

If you want a 12 minute economic eye-opener about what our economy is really built on and what we need to do about it, please listen to this. All the complex mechanistic mumbo-jumbo from the Fed about treasury yield curves and productivity are distractions… full of circular logic and designed to keep the bubbles inflated for a while longer. Will there be short-term pain if we do the right thing??? You bet there will be…and it will be worth it long term.