Booms and Busts

The usual suspects such as Robert Reich claim that corporate profits are causing inflation. Actually, increases in corporate profits are tied to increases in inflation.

As the Fed increases interest rates to reverse the inflation it has caused, firms that depended on easy money will face the bankruptcy judge. Stay tuned; there's more to come.

Mark takes a look at all the wrong predictions of recessions in recent years.

With the US economy facing a severe downturn, we should remember that two recessions ended quickly because the government didn't intervene at all.

Mark explains why the market for existing homes has been diverging from the market for new houses.

The most popular measure of economic growth is GDP. However, GDP movement is driven by changes in the money supply, not real economic factors.

Austrian business cycle theory points out that easy money leads to malinvestments. Once easy money disappears, the crash begins. Time to clean up malinvested assets.

Dr. Paul Cwik joins Bob to discuss the inverted yield curve's "signal" of an impending recession.

The current banking crises have deep roots in US financial history. Monetary authorities have engaged in inflationary behavior for more than a hundred years.

After years of inflationary intervention, the Federal Reserve has no more rabbits to pull out of the hat.