Robert Reich's Blog: Is Obamanomics Conservative or Revolutionary?: The basic idea of Reaganomics was that the economy grows from the top down. Lower taxes on the wealthy make them work harder and invest more, and the benefits trickle down to everyone else. Rarely in economic history has a theory be...

(Note: I accidentally published a prior edit of the essay on Sunday March 8th.  The following is the final edit.) The following is an essay from Martin Armstrong dated February 19th, 2009.  I have taken the liberty to edit the essay.  Martin Armstrong occasionally throw...

The newly released secret laws of the Bush administration - Glenn Greenwald - Salon.com: Yesterday, the Obama administration, to its credit, took steps towards fulfilling an important promise by disclosing -- in response to a long-standing, hard-fought ACLU lawsuit for disclosure -- multiple DOJ doc...

I don't want to talk to you, no more, you empty-headed animal, food trough wiper. I fart in your general direction. You mother was a hamster and your father smelt of elderberries. French Guard, Monty Python and the Holy Grail So it's come down to this.  The United States is being lectu...

Bank stocks are rallying sharply this morning on the news that the administration and Treasury are developing a "good bank/bad bank" concept.  However, whether this rally is justified is all in the details of the plan, which no one knows yet.  For many banks, the concept ...

Tim Knight over at the Slope of Hope posted this last night but it was so good, I had to post it, too. This was written eight years ago by the Onion, America's Finest News Source.  If it weren't so sad, it would be funny.  It just goes to show how weird the last eight years have ...

The premium earnings and book value multiples that Wells Fargo (WFC) has enjoyed for the past decade are being drained from Wells Fargo. Wells Fargo's stock has always traded at approximately a 20% premium to the banking group because of its higher than average earnings growth,...

Martin Armstrong takes the kids to school in this wide ranging essay that provides historical background for the situation we are facing today. The historical comparisons he draws are profound and frightening. I have taken the liberty to edit the essay to streamline its core points because I believe...

  Armstrong Economics The Coming Great DepressionWhy Government Is Powerless It is frustrating to read so many comparisons of our current situation with 1929 while watching policy be set-in-motion to create spending on infrastructure. Everyone has their hand out looking for a bailout like a bu...

A new essay by Martin Armstrong: The Only Viable Solution! Both Europe and Japan have now formally admitted they are in a recession.  The truth is, we are headed into the deepest economic depression perhaps in history. There are those who are trying desperately to compare current events to 192...