The Storm Before The Storm

I really don’t know anyone that would argue that the U.S. economy is in great shape right now.  Inflation is out of control, large companies are conducting mass layoffs all over the nation, the housing bubble is starting to implode, and more homeless encampments are constantly popping up in our major cities as poverty spreads … Read more

This Is The End Of A Mega-Cycle

Have we finally reached the end of the road?  When it comes to the economy, most of us focus on short-term cycles.  In recent years there have been times when the economy has been growing and there have been times when the economy has been shrinking, but all of those short-term fluctuations have happened in … Read more

The Suffering Is Off The Charts

Things have taken a turn for the worse.  In recent months, economic activity has been dropping all over the nation, and that decline appears to be accelerating.  We just learned that gross domestic income has now fallen for two quarters in a row, and the Conference Board’s index of leading economic indicators has now been plummeting for … Read more