Rick Ackerman

Articles by Rick Ackerman

Although no one can predict when the dam will break, plunging the economy into hard times to rival the 1930s, we can be quite certain that a day of reckoning is drawing near. Speculative mania across a wide swath of assets is at a...
Even with Covid-19 fear-mongering ratcheted to-the-max, the stock market continues to defy gravity and common sense. A Dr. Andre Campbell warned over the weekend that "we could be facing an apocalypse by Christmas" due to the growing...
The stock market is under heavy distribution, and for good reason: Even if the vaccines we've been reading about lately are as effective as claimed, they will be too late to prevent tens of thousands of U.S. business from going under....
I was prepared to lead this week's commentary with an emphatically bullish prediction for the dollar, which seems to have few friends these days. Alas, even though a major tone change is coming, it will be at least a few more weeks if...
I've referred to pandemic stimulus as 'dead money', and the latest statistics would seem to bear me out.  Far from pumping up the consumer economy,  quite a few of the trillions of digital dollars ginned up by the central bank...
V-shape mania appears to be tapering off. Years from now, market historians will come to regard the spectacular rally since late March as a case study in mass psychosis. The explosive resurgence of bulls is not only unsupported by economic...
Index futures have done a tentative alley-oop Sunday night, feinting lower before moving as though to challenge Friday's nutty highs. They occurred, apparently, because Trump was not as hard on China as he could have been when he addressed...
A recent newspaper article about superspreaders -- stadium events, concerts and outdoor festivals that effectively bathe crowds in Covid-19 -- noted that a boisterous fan can spew viral particles that remain airborne for as long as 12...
TOO BIG TO FAIL?

With the whole world rubbernecking at the scene of crude oil's crackup, you could lose sight of why it matters. Listening to Trump fret about it tells us nothing. He has endorsed collusion by energy suppliers, the...
The news media and the pundits flailed around over the weekend trying to come up with reasons why the broad averages have rallied to within 10%-20% of record highs even though the global economy could be headed into a depression. ZeroHedge...

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The Fourth Coinage Act of 1873 embraced the gold standard and demonetized silver, known as the “Crime of 73”

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