Free Republic

There's another story behind the glitter of our mass media economic reporting. The Japanese have 'been there, done that'. I thought the title, 'Baburu Keizai' might be intriguing enough to get you to read the post to find out the meaning. You probably already suspect that it is a Japanese phrase. Well, this phrase, and the history behind it, should tell us a lot about the shape of things to come here in America. The phrase translates to 'Bubble Economy'. The history behind the phrase goes back just a short 24 years to 1990. 1990 was the year of the...

The current account deficit widened to its highest level ever in January.As the deficits grows, due to loose monetary policy and overspending, so do the worries about the US dollar and economy. Here's an interesting link to a negative economic assesment from respected Swiss economist Dr. Marc Faber ("Dr. Doom"). Dr. Faber is famous for correctly predicting asset bubbles, such as the that led to the 'Asian Flu'.