Forget the statistical analysis, chatter from the guru of the minute, and the price of oil or gold, because we’re in a Mother Goose economy.The author of nursery rhymes summed up our current fi

Economist Brad DeLong, of the Department of Economics at UC Berkeley, is getting increasingly pessimistic. He says the chance of Great Depression now is at 5%:  For 2 1/4 years now I have been

Kirk Kerkorian, the 92-year-old billionaire investor, so-called father of the mega-resort, and richest man in Los Angeles, worked odd jobs as a boy during the Great Depression and never went to high

Edward R. Dewey was a Harvard-educated economist who worked for the Department of Commerce during the 1929 stock market crash. After the crash he was assigned the task of finding out what caused the

For the tobacco industry, there’s a lot of money to be made by getting people hooked on cigarettes and keeping them as customers for life. But smoking cessation products are increasingly sendin

This week’s review comes to you in a shortened format as I don’t have access to my normal research resources while on the road in Europe. Although very little commentary is provided, a fu

1. Two Economies, One Outcome: DeflationMost people mistake inflation and deflation as the simple idea that inflation means rising prices and deflation means falling prices. The problem is, those are

In my opinion, the best comedy ever was the sitcom Seinfeld, and one of the most hilarious episodes was “opposite George." (Click here for a clip and a great laugh.) In this classic episod

Few market commentators have the ability to inspire the range of emotion that Robert Prechter of Elliott Wave International does. The mere mention of his name is enough to generate controversy. Whene

The pink slips have been handed out, the severance checks cashed, and the farewell drinks consumed. Everyone has offered their condolences to those who were let go, yet you’re still here, reeli