In this episode we take a look at Macy's. We visit two stores....
The quality, durability, utility and enjoyment-of-use of our products and services has been plummeting for years.
Every single line item in our entire Bernie Madoff scam of a system is cooked.
The majority of middle class wealth is locked up in unproductive assets or assets that only become available upon retirement or death.
Ted Cruz and Bernie Sanders have a civil debate over tax cuts.
Dear local leadership: here's the formula for long-term success.
Charles Hugh Smith explains what the recent Fed report really reveals about the US economy.
Few seem to ponder what global shortages in key commodities might do to prices.
When Hurricane Maria knocked out power in Puerto Rico, residents there realized they were going to need physical cash — and a lot of it.
Apple concluded that they can no longer rely on offering new iterations of the iPhone at the expected price. Instead, they needed to find a way to charge a much higher price, thereby insulating them from present and future price inflation in production.
I would hazard a guess that an increasing number of tax donkeys are considering dropping out as a means of increasing their happiness and satisfaction with life.
Japan is a global leader is how to gracefully manage stagnation.
There is nothing inevitable about such vast, fast-rising income-wealth inequality; it is the only possible output of our financial and pay-to-play political system.
The answer is not another $1 trillion in student loan debt to pay for another raft of declining-value credentials.
When the price of oil rises to the point of pain, just remember the handy-dandy discount mechanism: a much stronger US dollar.
At Q&A Gary Cohn said he expects most of corporate tax cuts to go to share buybacks.
So let's look at currency flows, reserves and debt.
Democracy (i.e. political influence) and ownership of productive assets are the exclusive domains of the New Aristocracy.
Strip an economy of capital, productive incentives, talent and yes, ethics, and what are we left with? An economy spiraling toward an inevitable collapse.
Yes, this time it's different: all the foundations of a healthy economy are crumbling into quicksand.
Labor's share of the national income is in freefall as a direct result of the optimization of financialization.
The authors' thesis doesn't explain the 47-year downtrend of labor's share of the economy.
In an economy in which wages for 95% of households are stagnant for structural reasons, pushing inflation higher is destabilizing.
The idea that authorities can massage their pumping to keep asset bubbles inflated at a permanently high plateau is currently being tested.
The point is the present system cannot endure.
Big government deficits are only going to grow now says Schiff.
Almost lost in all the dollar estimates of property damage is the human loss, suffering and stress.
What sort of “catalyst” is needed for a Potemkin Village or a Ponzi scheme to disappoint? Only the gradual or sudden discovery of the reality behind it: the recognition that there is no “there” there.
The problem with stagnant wages is our socio-economic system requires ever-higher incomes to function.
You don't need an army to achieve World Domination; all you need is enough cheap credit to buy up everything that generates the highest value and/or income.