“The Japanification of the US” – Investors to central banks: We aren’t listening anymore

The headline is actually false. People still do listen to central banks. There still is the feeling that the economic drug dealer still has some cocaine to pump into the system. If investors weren’t listening at all we’d be seeing a much more interesting market.

But investors are listening less. Or perhaps more accurately, investors are listening but are much more dubious. The central bankers have long lost their wizard status, at best they are magicians, and even so people are catching the sleight of hand more and more often.

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Barack Obama Will Be The Only President In History To Never Have A Year Of 3% GDP Growth

Wonder why a large part of the population is spitting mad? This is a big part of it.

Yet another indictment of Keynesian Kult nonsense. Had we let the markets clear post 2008, the stock market, the housing market, other markets, we would have had robust and real growth in relatively short order. People would have been able to build on honest to goodness, market for-realsies growth. But markets must clear for the economy to heal itself.

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Overthrow the Establishment to Fix the Economy

This column comes from Larry Kudlow and he basically endorses Trump. We at ACC do not endorse candidates and we never will. But the overall point Kudlow makes is terribly important so we are going to run the article anyway.

We need to overthrow the current economic establishment. It has failed, horribly. Globally we limp along, that is unless one is in South America and some other parts of the globe where the economy is barely moving at all.

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This video may blow your mind, the best illustration of the post Crash bailouts I’ve ever seen

This is from 2011 when the wounds of the Crash were still fresh.

Now we’ve been conditioned. Time has passed and the banks want you to forget what happened and the dull economic pain which still dogs the world.*

We at ACC will never forget.

At the end of this video is a very short ad for someone who was running for Congress. We do not endorse candidates ever. We don’t know who this person is.

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The Keynesian Blessing: Americans Are Broke

Americans are debt addicts. They love to spend. The politicians love to spend. Everyday Americans love to spend. Spend, spend, spend. And we wonder why many things, our society even, feels so cheap.

People live on credit. They finance cars, houses, vacation – cell phones – think about that – PHONES. They don’t save.

And why should they? They get nothing for saving. There’s literally no real return on socking money away in a bank these days.

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The world’s most elite conference this year will discuss something called “the precariat” (Refugees from the crony economy get a name)

See, everyone likes to “worry” about the increasingly languishing middle class, but the answer to the problem is to directly challenge the powerful crony superstructure of politicians, economists, crony business people, crony interest group people, and various other hangers on who run the Show. And I am not talking about providing more jobs programs or college aid or some other economic trinket. The crony class, the political class, is more than happy to provide such “solutions.” In the grand scheme of things such programs cost them little.

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The Keynesians Stole The Jobs

If you really want to understand modern economics, really understand it, read this book.
By Ron Paul
Late last week the markets were shocked by a surprisingly bad May jobs report – the worst monthly report in nearly six years. The experts expected the US economy to add 160,000 jobs in May, but it turns out only 38,000 jobs were added. And to make matters worse, 13,000 of those 38,000 were government jobs!

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Bilderberg 2016: We can expect desperate lobbying against Brexit from Big Business

There’s a press tent this year. That’s new.

As Boris Johnson says in the post we did earlier this morning, JPMorgan is underwriting the “remain” side of the Brexit vote. The big banks, the big crony corporations, the government cronies in Brussels and across Europe do not want to see Britain leave the European Union. Such a move will be a sharp rebuke of the current economic and political order on the Continent. (Not that Britain is The Continent –

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For First Time in Modern Era, Living With Parents Edges Out Other Living Arrangements for 18- to 34-Year-Olds

Well, some people want the US to be more like Europe. So congrats. In Italy for instance it’s perfectly natural for 30 year old Giuseppe to live off of his parents. That’s the expectation in many cases and it is a reflection not only of a culture but of a poorer society and a less dynamic middle class.

That our president has promoted the below kind of post adolescent adolescence isn’t helpful either.

(From Pew Research)

In addition,

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