Chriss Street

China is suffering a brutal economic "hard landing" as the payback for their massive Keynesian stimulus spending to revive economy growth after the 2008 credit crisis. China's stimulus bought two years of economic boom, but the cost of this instant gratification was unleashing venomous runaway inflation that forced the central...

In a stunning reversal of voter opinions since the first weekend in August, the Rasmussen reports national telephone survey reveals that "Likely U.S. Voters" has flipped from 75% feeling it is at least somewhat important for the government to launch a new stimulus program to create jobs (57%...

Pacific Investment Management Company (PIMCO), the world's largest manager of bonds, has just released research analysis titled: "Saying No to Keynes and Fiscal Folly." The report is a dramatic departure for PIMCO, who had fully embraced the Keynesian "pump priming" economics of stimulus spending, bailouts, and corporate interventions....

The media still seems baffled that prim and proper England would be almost brought to its knees by what the London Daily Mail newspaper referred to as "nihilistic and feral teenagers" rioters. For four days anarchistic youths "from all walks of life raced around the streets mindlessly and desperately hurling...

President Obama told the American people we have to "Eat our Peas" as encouragement for the nation to make the painful decisions to address our out-of-control federal deficits. To understand how many peas we would have to eat; a recent IMF report: "Who Will Pay and How?" determined...

There has been nothing more cowardly in my lifetime than the American government's dysfunctional response to the economic imperialism of China. The Chinese have shown a unique political sophistication in co-opting the elites of big corporate America with crony business deals; and politically pacifying Congress with a willingness to fund...

Late yesterday afternoon the highly respected credit rating firm, Moody's Investor Services, officially warned that if there is no imminent progress in Congress on the debt ceiling fight, the United States of America's Aaa credit rating would be cut. Understanding that such a draconian event as a U.S....

Michael Spence, Nobel Laureate and former dean of the Stanford Business School, has just published a rigorous economic analysis called: The Evolving Structure of the American Economy and the Employment Challenge. The report illuminates how the unbridled growth of government consumption spending has destroyed America's productivity leadership, driven entrepreneurs to...

It was sad to watch Federal Reserve Chairman Ben Bernanke being forced to hold a political press conference for the first time in the Fed's 102-year history. Bernanke nervously defended the merit of the Fed subsidizing $3 trillion in Congressional deficit spending and $2 trillion in Wall Street bail-outs; but...

On May 5, 2009, I testified in front of Barney Frank's Financial Services Committee that if Congress provided a guarantee of municipal bonds, the United States of America would lose its' AAA credit rating. Over the next year-and-a-half, I was labeled the "typical Orange County ultra-conservative alarmist" when I spoke...

The U.S. Federal Reserve's second round of Quantitative Easing stimulus, QE II, has caused vicious unintended consequences around the world. The 42% rise in the CRB index of food prices has already caused starvation for millions of people, burned down the Middle East, and is increasingly creating havoc in Asia....

The earthquake and tsunami that struck Japan on Friday have caused tragic devastation to lives and property, but Japan may soon be overwhelmed by a debt crisis tsunami of epic proportions. With crony deficit spending by the Japanese government having destroyed its economy over the last two decades; Japan now...