Have nothing to do with the [evil] things that people do, things that belong to the darkness. Instead, bring them out to the light... [For] when all things are brought out into the light, then their true nature is clearly revealed...

-Ephesians 5:11-13

Tag Archives: Recession

Joint Bills Introduced to Cut SNAP

During his introduction of a bill to save $30 billion from the old food stamp program – now called the Supplemental Nutrition Assistance Program (SNAP) – Senator John Thune (R-S.D.) said that

Since President Obama assumed office, participation in SNAP, which was formerly referred to as food stamps, has increased from 32 million to

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Gold, Germany and the worldwide recession

It’s unnerving and yet comforting when a worthy such as Bill Bonner agrees with me. What’s more likely is we’re both singing off the same sheet of music. In Monday’s newsletter Bonner titled his entry “The Recovery That Never Happened,” and I agree. Whatever green shoots (remember green shoots, the ever hoped-for, greatly anticipated but never sustained recovery from the Great Recession?) appeared have withered away, leaving the US, Germany and the world with

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If you were sick, what would you do if your doctors told you this?

You’re sick. You’ve been sick for several weeks now. You’re long past the “take two aspirin and call me in the morning” protocol. You’re jaundiced, you’re not sleeping well, you’re losing weight, people are asking if you’re ok, the whole deal. You decide to find a doctor. You find four, all in the same office.

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The Modern German Economic Model is a Myth

Dessau, a small and steadily shrinking town in the German state of Saxony-Anhalt in what used to be East Germany, is doing the best it can. Ten years after the fall of the Berlin Wall the anticipated “miracle” enjoyed by West Germany following World War II failed to materialize for Dessau and so it is in the process of

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Europe is going into Depression

William L. Watts is a writer for MarketWatch, a division of The Wall Street Journal that posts a robust and highly informative website for avid readers of the economic tea leaves (like me). What’s interesting is that I can’t find out anything about Mr. Watts:

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Are Equities About To Tip Over?

Please note: This is an article I wrote last Friday for the McAlvany Intelligence Advisor. I’ve republished it here in its entirety:

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Friday’s Jobs Report In Line with Reduced Expectations

Friday’s report from the Bureau of Labor Statistics (BLS) only surprised those with unrealistic expectations about the health of the economy, showing that job growth of just 88,000 new jobs in March not only was far less than establishment economists had predicted, at 200,000, but

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Everything’s just fine: stress levels are back to normal

This is called ”paralysis of analysis.” If it can be measured it must mean something. The Federal Reserve Bank of Kansas City, the home of statistics for the Fed, just issued a reassuring statement: “The Kansas City Financial Stress Index (KCFSI) continues to indicate that financial stress remains

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Friday’s Surprisingly Strong Jobs Numbers Aren’t Real

At first blush Friday’s jobs report from the Bureau of Labor Statistics looked pretty good, catching establishment economists off-guard by about 80,000 jobs. Instead of the 160,000 new jobs expected in February, the BLS reported 236,000, which pushed down the unemployment rate to 7.7%. This came on top of a

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Politicians are quick to claim credit for the improving economy

With the stock market hitting new all-time highs, bolstered by the Bureau of Labor Statistics report on Friday that the economy added 236,000 new job in February which brought the unemployment rate down to 7.7%, politicians who had nothing to do with it are claiming credit.

Austan Goolsbee, who had little to cheer about during his brief 10-month stint as Chairman of Obama’s Council of Economic Advisors, tweeted

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Britain enters third recession in four years

You would think that politicians and central bankers would learn from their mistakes, wouldn’t you? They would learn that if something doesn’t work then try something else (or try doing nothing, instead!). But no, despite warnings from Moody’s (I wrote about their downgrade of Great Britain on Monday here), which is simply a rear-view mirror of what’s already happened and their very late recognition of their faltering economy, they continue to

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Those Wal-Mart Emails and the US Economy

Much was made of some internal emails from Cameron Eiger, a Wal-Mart VP, expressing his frustration over slow sales at the start of the year. In a February 1st email to company executives, he wrote:

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Moody’s Downgrades Britain’s Credit, Expects Little Improvement for Years

Last Friday Moody’s Investors Service announced its downgrade of the United Kingdom’s government bond ratings by one notch, from AAA to Aa1, a move that was anticipated a year ago when the credit rating agency moved its rating on UK bonds from

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Those sequester cuts are really going to hurt. Not.

Leave it to my favorite establishment mouthpiece to put things into perspective: according to the Washington Post those sequester cuts starting March 1st are really going to hurt, pushing the economy into another recession (another?) and costing

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Kentucky Senator Rand Paul Introduces National Right-to-Work Act

On January 31st Senator Rand Paul (R-Ky.) introduced his National Right-to-Work Act, S.204, subtitled “A bill to preserve and protect the free choice of individual employees to form, join, or assist labor organizations, or to refrain from such activities.” His timing couldn’t be any better.

One year ago Indiana joined the growing list of right to work (RTW) states, followed in December by

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An informed Canadian’s perspective on our Great Recession

Once in a while it takes a foreign perspective - a view from abroad (or at least across the border) – to explain how things happened. Pierre Poilievre is a Canadian politician who spoke to his colleagues about what happened in the US and how to avoid doing the same thing there.


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Capital Appreciation Bonds: Delaying the Inevitable

The action that California’s Napa Valley Unified School District took in 2009 is just now getting exposure and at least one board member is running for cover. Jose Hurtado, a NVUSD board member, said he stands by the deal he voted for – to borrow $29 million and put off paying it back until 2049 – but if it were a traditional mortgage, he

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The Economy is Growing (except for these indicators)

I’ve been expecting this. I have been unalterably bearish on the so-called “recovery” ever since the ECRI restated its position in September last year that another recession started last summer. That call has largely been ignored by the media. But today Bloomberg ran through the

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FedSpeak reigns

You don’t get to be the President of a Federal Reserve bank unless you are an insider. Charles Evans qualifies, in spades. His bio proves it. Among other things he is a director of the Chicago Council on Global Affairs.  I’m going somewhere with this, so bear with me.

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Who Will Pay the Taxes?

Baby Colt 3

(Photo credit: xopherlance)

This is one of the key questions raised by the Pew Research Center in its November report on the U.S. birth rate. Pew reports that “the overall U.S. birth rate…declined 8% from 2007 to 2010…[and is] the lowest since at least 1920.”

My first question is why? Why such a sharp drop? Did it have anything to do with the Great Recession? It appears to Pew that it does:

This report does not address the reasons that women had fewer births after 2007, but a previous Pew Research analysis4 concluded that the recent fertility decline is closely linked to economic distress. States with the largest economic declines from 2007 to 2008, as shown by six major indicators, were most likely to experience relatively large fertility declines from 2008 to 2009, the analysis found. (my emphasis)

That seems logical to me. When Mary and I discovered in 1972 (I was 33 years old and Mary was 30) that we

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Many of the articles on Light from the Right first appeared on either The New American or the McAlvany Intelligence Advisor.