Author Archive

We Can Only Dream

2010/09/05
By Michael Panzner
We Can Only Dream

Reports like those that follow help make it clear that the problems we face are structural rather than cyclical. Myriad bad policies and a distorted sense of economic reality -- no doubt fed by ruthlessly self-interested corporate and political interests...
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Not Buying ‘the Light at the End of the Tunnel’ Scenario

2010/09/03
By Michael Panzner
Not Buying ‘the Light at the End of the Tunnel’ Scenario

I've highlighted news and other reports indicating that conditions on Main Street are far worse than your average Wall Streeter believes they are. Interestingly enough, even those who are ostensibly benefiting from the bullish-Kool-Aid-induced euphoria that's keeping share prices afloat...
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Not Coming Back

2010/09/02
By Michael Panzner
Not Coming Back

The "Money" section of USA Today has a cover story by Adam Shell, "Could Investors Fleeing Stocks Become a Lost Generation?" featuring insights from yours truly. Among other things, I argue that "the lost generation is not coming back" and...
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Another Installment of ‘Scenes from a V-Shaped Recovery’

2010/09/01
By Michael Panzner
Another Installment of ‘Scenes from a V-Shaped Recovery’

In honor of today's single-positive-data-point-driven-triple-digit rally, I thought it would be a perfect time for another installment of "Scenes from a V-Shaped Recovery": "Financial Depression Spreads Among Seniors" (Blacklisted News) President Obama has U.S. taxpayers paying billions to meet the...
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‘The Consumer is Totally Wrecked’

2010/08/31
By Michael Panzner
‘The Consumer is Totally Wrecked’

Yes, I'm sure it reflects confirmation bias on my part, but it's hard to ignore Howard Davidowitz's thoughts on the state of the economy given that he has in recent years been correctly pessimistic on prospects for a sustainable recovery....
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Wrong Direction

2010/08/30
By Michael Panzner
Wrong Direction

According to USA Today, "Government anti-poverty programs that have grown to meet the needs of recession victims now serve a record one in six Americans and are continuing to expand. Hmmm. Not exactly a V-shaped recovery, is it?
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Interesting Viewing

2010/08/29
By Michael Panzner
Interesting Viewing

A documentary on the financial crisis which premiered in May, Overdose: The Next Financial Crisis, is now posted on YouTube. Based on Swedish writer Johan Norberg’s book Financial Fiasco, the film features insights from Peter Schiff, Gerald Celente, and others...
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‘Seeing Things for What They Are’

2010/08/28
By Michael Panzner
‘Seeing Things for What They Are’

Although it does a pretty good job of keeping economic reality under wraps, sometimes bubblevision TV -- er, CNBC -- slips up and brings guests on-air who haven't drunk the Kool-Aid that many Wall Streeters and Washington policymakers knock back...
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No Longer a Sacred Cow

2010/08/27
By Michael Panzner
No Longer a Sacred Cow

Most people would probably agree on many, if not all, of the core services that a municipal government should provide. Arguably, the majority will involve protecting life and property, including upholding the rule of law. Why is it, then, that...
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Growing Concerned Once Again

2010/08/26
By Michael Panzner
Growing Concerned Once Again

I've often made fun of the so-called smart money. Among other things, many of those who hold themselves out to be experts on financial matters failed to see the financial crisis coming and totally missed the boat when it came...
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