In my interview with Steve Keen, he spells out why continued asset price deflation means recovery should not be expected any time soon. He also talks about how you can't have inflation without wage-inflation.
Edward Harrison | Posted 12.02.2009 | Business
In a sovereign debt crisis, the central government's debt become so high that everyone knows they cannot possibly tax the population enough to cover their expenses and service it.
Ellen Brown | Posted 10.17.2009 | Business
Despite trillions of dollars in bailout money, bank loans fell to their lowest rate since the onset of the Great Depression. Now that the Fed has done all they can, is it time for the states to step in?
James Berman | Posted 10.08.2009 | Business
The market has had the biggest six month rally since the 1930s and stocks cannot go up forever. We can't time the sell-off, but we can prepare for one of its likely causes: inflation.
Ann Pettifor | Posted 11.09.2009 | Business
We are in the middle of a monumental political conflict with very high stakes. On one side: politicians and regulators battling for the interests of middle-class Americans. On the other: the banks.
Michael de Portu | Posted 09.28.2009 | Business
Some observers ask whether we are in 1929 or 1932. The good news is that the world is so different today, we are probably in neither. The globe has 6 billion inhabitants with that much more potential for instability.
Michael Pento | Posted 09.12.2009 | Business
The data soon to be released by the government will put a dagger through the hearts of those who are predicting a protracted period of deflation.
Joe Costello | Posted 09.06.2009 | Politics
Democrats have to begin asking themselves, "What if next fall, unemployment is in the double digits and the economy as a whole is at best stagnant?"
Ellen Brown | Posted 07.17.2009 | Business
The true path to economic recovery is to reclaim money and credit as public resources. Money needs to be transformed from private master to public servant.
Jim Jaffe | Posted 06.25.2009 | Media
At the rate we're going, the Times subscription rates will cross into the magic four-digit range before Obama exits the White House.
Sheldon Filger | Posted 06.25.2009 | Business
Quantitative easing and multi-trillion dollar deficits are the two core ingredients of an explosive fiscal cocktail that will ultimately lead to hyperinflation.
Ann Pettifor | Posted 05.01.2009 | Business
The consequences of Governor Mervyn King's intervention will be played out for years to come -- in the destruction of banks, businesses, jobs and human lives.
John Standerfer | Posted 04.18.2009 | Business
While Congress spent another day playing political "Clue" -- Senator Dodd -- with the red pen -- in the backroom, Ben Bernanke reminded us once again ...
James Berman | Posted 04.11.2009 | Business
The successful investors will be the ones who wait out this period and reap the rewards once the tide turns, which it will. Soon we hope.
Ann Pettifor | Posted 03.31.2009 | Business
The stock market knows what Treasury still needs to admit: the banks are bust. Their CEOs lack all credibility. Until they are nationalized the Dow will continue its very rational path downwards.
Ann Pettifor | Posted 03.14.2009 | Business
The Treasury seems in danger of pandering to the Wall Street beast, rather than protecting the vulnerable -- those companies where real wealth is created.
Niall Ferguson | Posted 03.07.2009 | Business
The harsh reality that is being repressed is this: the Western world is suffering a crisis of excessive indebtedness.
Danny Schechter | Posted 01.28.2009 | Business
How much things cost in 1932: Average Cost of new house: $6,510.00; Average wages per year: $1,650.00; Cost of a gallon of Gas: 10 cents; A loaf of Bread: 7 cents.
AP | Posted 01.16.2009 | Business
WASHINGTON — The Federal Reserve, urgently rewriting its playbook to fight a deepening recession, cut its benchmark interest rate to as low as z...
Max Keiser | Posted 12.25.2008 | Business
All that asset and currency inflation derived not from a miracle, but from the same old historical pyramid scheme of banking fraud.
Washington Post | Steven Mufson and Michael S. Rosenwald | Posted 12.21.2008 | Business
With the stock market crumbling and the economy shrinking, a whiff of deflation is in the air. Oil prices yesterday slid below $50 a barrel to the lo...
AP | JIM ABRAMS | Posted 12.21.2008 | Business
WASHINGTON — Jarred by new jobless alarms, Congress raced to approve legislation Thursday to keep unemployment checks flowing through the Decemb...
Financial Times | Krishna Guha | Posted 12.20.2008 | Business
The Federal Reserve is already engaged in unorthodox "quantitative easing" and should prepare for the possibility that more extreme measures could be ...
Alan Schram | Posted 12.15.2008 | Business
In the last few months, we have seen the prices of commodities dropping precipitously. Oil dropped from $150 to $60, Gold dropped from $1,000 an ounc...
Diane Francis | Posted 10.31.2008 | Business
The world is very nervous because America's political rigamordis means that 25% of the global GDP cannot be repaired or even managed.
Max Keiser | Posted 12.11.2009 | Business