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  • This is Not a Bull Market: Stocks Are Not Up, and They’re Headed Even Lower [View article]
    You are right. I would add that a multi-generation peak in the value of stocks and real estate is now behind us (after adjusting for actual inflation, not reported inflation which may be inaccurate). Stocks peaked ca 1999, and real estate ca 2006, and after adjusting for true inflation, both are unlikely to recover these peaks for several decades.

    The Fed's policy of inflating assets faster than the general rate of price and wage inflation has simply been exhausted, and although attempts to resume it are apace, further efforts of ZIRP/QE will simply result in price inflation greater than asset inflation, and, most likely, also greater than wage inflation.
    May 24 08:43 AM | 17 Likes Like |Link to Comment
  • Mapping Obama's Now-Failed Transport Policy [View article]
    Trains consume about a quarter of the energy that trucks would consume for hauling heavy freight over long distances.

    Those of us who commute by car in a city are aware of the high costs, both in money, and in time, but most have no alternative.

    Rail transportation infrastructure would have long-term economic, environmental, and quality of life benefits. Unfortunately, it is neglected in favor of quick fixes, such as rapidly scattering money to attempt to re-ignite unsustainable hyper-consumption.
    Feb 10 12:33 PM | 9 Likes Like |Link to Comment
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