Half a Trillion is Still a Big Deficit
"If the next 20 years are similar to the last five, with very slow growth and median incomes declining, then the budget deficit will grow inexorably larger and Social...
The Death Spiral of Capitalism
"The effect of a decade or more with negative real interest rates is likely to be devastating," writes this ever-bearish pundit. He expects the central bank response to the...
Systemic Risk is Worse Now than in 2008
"When monetary policy is so extreme for so long, it results in more systemic risk. It's as simple as that," worries our ever-gloomy guest commentator, who pens the Bear's...
Which Bubbles Will Burst Worst?
The universe of assets whose price will collapse in the next downturn is considerably better populated than the collection of assets whose price won't collapse. If you asked me...
Funny Money and the Super-Rich
The publisher of The Prudent Bear website blames U.S. monetary policy for empowering tasteless parvenus to leverage their way to the top—or at least onto the Forbes 400.
When the Empire Didn’t Strike Back
Conservative reviewer Hutchinson praises Benn Steil's new book on the 1944 Bretton Woods negotiations, which documents how Britain lost its economic crown jewels at the historic conference in New...
Can We Survive Four More Years?
This always-bearish guest columnist expects that it will eventually be morning again in America, but not without an intervening period of financial chaos and catastrophe.
Traders Are Just Being Traders (But That’s No Excuse)
“Trading is a largely instinctive activity, strongly related to the amount of testosterone in the body,” writes Martin Hutchinson, our occasional guest columnist.
Was Facebook the Death Knell of Equity Investing?
The ever-bearish Martin Hutchinson expects equities to represent a good value again... when Ben Bernanke is gone and after the Dow Jones Industrial Average settles to about 5,000.
Paradise Regained
A return to long-term interest rates of 5% to 6% will hurt Wall Street and McMansion owners in the short-run but help most Americans in the long run, says...
In 40 Years, U.S. Will Be Less Populous—and More Prosperous—Than Expected
A slower rate of population growth in 2010-2050, suggested by the recent census, implies a generally richer 2050, with higher per capita income growth and better opportunities at the...
A Regulatory Nudge Is Needed
Since current Wall Street risk management methods are in the interest of those who work on Wall Street, they will not be changed except by regulatory means.
Wanted: Iconoclasts
"Like the 8th-century Byzantine church, the nexus of Washington and Wall Street has grown corrupt," says Hutchinson, who writes the Bear's Lair column at PrudentBear.com, where this article first...
