It's a merciless war between inflation and deflation.

The state with the biggest economy in the nation is going broke. How could there be a bull market?

That the president of the United States of America is now creating the business plan for an automobile company is surely a sign of something big.

The US Federal Reserve has been authorized to "print" $1.75 trillion worth of new money in order to buy Treasury bonds.

If the US economy is really following Japan, things are going to get a lot worse. Japan’s output is collapsing – at a 15% annual rate last quarter.

The underlying economy is not really getting better. It’s actually getting weaker.

The average bear market bounce in the stock market lasts only two months.

Will it be runaway inflation or deflation that refuses to run anywhere?

Since March 9, world stock markets are up 37% -- about average for a post-crash bounce.

Either the US cleans up its ledgers or it will be downgraded like a bad company.