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This 4th of July…

Franklin @ July 2, 2008 # No Comment Yet

This 4th of July, as we’re celebrating independence and freedom, many senators are getting ready to come back to Washington and sell out some of our most fundamental freedoms. Don’t let it happen. Take action now. Dear ACLU Supporter, On Tuesday, July 8th, the Senate will consider an unconstitutional FISA bill that lets lawbreaking phone […]

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Why Gann, Elliott Wave and Kondratiev Studies Fail

Franklin @ May 25, 2008 # 6 Comments

For a long time I’ve studied the works of Gann, Elliott and Kondratiev trying to gain some foresight into the economy cycles. My costly conclusion is that none of these methods work. However, before throwing them out of the window, let’s see why they fail, when they fail and to what extent they may have […]

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The Real Economy III: The People’s GDP

Franklin @ May 4, 2008 # 10 Comments

Back in November, I showed how the capital of American businesses was contracting. I said "regardless of any official announcement of recessions, US businesses have been behaving as they normally do during recessions." It is hard to understand why American businesses are becoming recession-like illiquid when the GDP numbers don’t seem to show any signs […]

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American Workers’ Dwindling Participation in America’s Riches

Franklin @ May 2, 2008 # One Comment

The following chart shows the salaries of American workers compared to GDP. As you can see, it has been falling steadily since 1969. But for a few good years during the Clinton administration, American workers have very little to cheer about, having less participation in the economy than during the depression years. This is not […]

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Remember When We Were Rich?

Franklin @ May 2, 2008 # No Comment Yet

This is official data from the U.S. Department of Commerce. No tag for this post.

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US Economy: Fit, Fat or Bloated?

Franklin @ May 2, 2008 # 2 Comments

President Bush’s refusal to admit the US economy is in a recession is just proof of his delusional state of mind. If you dismissed his idea that people were going to be waiting for the US army with flowers in the streets of Baghdad as an honest mistake, and his handling of the Katrina crisis […]

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The Richest Country On Earth

Franklin @ April 21, 2008 # 21 Comments

If you thought the richest country on earth was the United States, you were wrong. If you thought it was China, you may be right. The truth is, it is pretty damn difficult to determine which country is the richest one on earth. This is because answering that question implies answering a broader question: “What […]

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The Gold Scam

Franklin @ April 20, 2008 # 18 Comments

Every time there is an article about gold warning about a possible bubble, a cohort of gold worshipers (an activity which, by the way, is frowned upon by the Old Testament God) answer that gold has maintained its value for 3,000 years, or 5,000 years, and so on. They will give you impressive and unsubstantiated […]

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A Streetcar Named Wishful Economic Thinking

Franklin @ April 15, 2008 # 12 Comments

We are broke. We may have a couple more months of sustained living if the Fed keeps injecting liquidity into the system, but to all intents and purposes, America is broke. For the past 50 years we have been sustaining low unemployment rates (albeit not as low as the official figures show), based on a […]

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You Are Not Going to Be Rich

Franklin @ March 7, 2008 # 15 Comments

I am kind of fed up with the “we want you to be rich” stuff that’s going around (yes, I am talking about the barrage of programs and books from The Secret to the latest Trump publishing endeavor). I think that that is the kind of propaganda that keeps illusions alive, and while we live […]

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