Author Archive | John Rubino

Walmart Giveth, And Walmart Taketh Away

Walmart made two announcements yesterday that perfectly illustrate the dilemma facing the developed world. First, the omnipresent retailer raised its minimum wage to a respectable-sounding $11/hr: Walmart is raising its minimum wage and handing out tax cut bonuses (WGNO) – Walmart is raising its minimum wage and handing out tax cut bonuses because of the […]

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The Biggest Bubble Ever, In Three Charts

Each quarter, Credit Bubble Bulletin’s Doug Noland posts a “flow of funds” report that analyzes the debt and securities markets data released by the Fed in its Z.1 Report. It’s always shocking to see the numbers we’re dealing with, but even more so lately as history’s biggest financial bubble starts to dwarf its predecessors. Here’s […]

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Finally, An Honest Inflation Index – Guess What It Shows

Central bankers keep lamenting the fact that record low interest rates and record high currency creation haven’t generated enough inflation (because remember, for these guys inflation is a good thing rather than a dangerous disease). To which the sound money community keeps responding, “You’re looking in the wrong place! Include the prices of stocks, bonds […]

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Creeping Fascism, Part 5: “the world’s most sophisticated, high-tech systems to keep watch over citizens”

Maybe this series should be renamed “Galloping Fascism”: China’s Tech Giants Have a Second Job: Helping Beijing Spy on Its People (Wall Street Journal) – HANGZHOU, China—Alibaba Group’s sprawling campus has collegial workspaces, laid-back coffee bars and, on the landscaped grounds, a police outpost. Employees use the office to report suspected crimes to the police, […]

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