Here's the problem with this line of thought: When wages fall, workers have less to spend. With reduced spending comes falling revenues for corporations. This, of course, is a problem only if your primary revenue stream comes from the market where wages are falling. Lots of global manufacturers are profiting handsom...more

Maybe so, David, but the larger issue remains: When is the vast middle of this country going to wake up from its 30 year stupor and take seriously its responsibility to support America, both by buying American and by demanding leadership from Capitol Hill that supports American manufacturing? Alas, I fear things will h...more

What so few concerned about the nation's spiraling debt seem to realize is that the debt that has mushroomed under Obama would have done so REGARDLESS OF WHO OCCUPIED THE WHITE HOUSE. The major driver of the nation's debt is entitlement spending, and that's something neither the dems nor the repubs are truly willing...more

Eddie "Wonderboy" Lampert has been hell bent on hollowing out Sears ever since his LBO of the company. No real capital investment, no bold and compelling innovations in product offerings, just layoffs and spinoffs to (temporarily) goose share price.  He's even accelerated the evisceration of the Craftsman line with ...more

Haven't we been down this road once before?  In the late 1980's, the Ford Probe (in reality, a reskinned Mazda 626) was developed to replace the Mustang. Blessedly, a moment of lucidity took hold among the ranks of Ford's top brass and the Mustang was spared.  Marketed alongside the Mustang, it was, significantly, t...more

Here's an idea:  Why can't Fed policy focus on a stable, i.e. neither increasing nor decreasing, money supply? Wouldn't that mediate a fair exchange of money for value across all industries? Wouldn't that ensure neither inflationary nor deflationary episodes and put the lie to this nonsense we call the "business cyc...more

Does it really matter who wins the White House in November when an addled Supreme Court and body politic insist that unrestricted corporate cash in the halls of Congress = First Amendment compliance? Until that most fundamental of problems is fixed, NOTHING will change for the better across the fruited plain.

Perverse as this may sound (and I know a lot of you are going to boo and hiss me all the way to Hades) - I actually HOPE the house of cards comes crashing down . . . on the heads of the banking elite, on the pay-to-play graft machine that is Washington, and on the petulant "I got mine, you get yours" masses who have fo...more

July then bust, eh? By now, it should be clear to most keen observers that the precarious state of the U.S. economic recovery can really be traced to two sources: 1. Massive over-consumption of pretty much everything that can be assigned a monetary value (and corresponding under-production of same). 2. Hyper inte...more