Kurt Richebächer

Contributor since: 26 Feb 2010

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• The New Growth Euphoria

  Published 13 February 2004 | viewed 2,945 times

  We have been reading that virtually every sentiment indicator for the U.S. economy and its stock market is showing optimism far in excess of what…

• Corrupted Thinking in a Money Culture

  Published 30 January 2004 | viewed 2,843 times

  It is the general view that the U.S. economy has outperformed the rest of the world in the past several years. Judging by real GDP…

• A Bullish Mirage

  Published 02 January 2004 | viewed 4,992 times

  Good news about the U.S. economy is proliferating. The international media is littered with articles stating that the U.S. economy is forging ahead with rapidly…

• Japanese Phantom Growth

  Published 15 December 2003 | viewed 5,685 times

  Lately, international investors have become enthusiastic about Japan's economy and stock market. Several American investment banks have trumpeted that the turnaround of Japan's economy has…

• The Emperor Has No Clothes

  Published 07 November 2003 | viewed 3,251 times

  "The deficit country is absorbing more, taking consumption and investment together, than its own production; in this sense, it is drawing upon savings made abroad.…

• Consumption - Recovery Leader or Potential Profit-Killer?

  Published 31 October 2003 | viewed 2,897 times

  Abstract: "...The underlying basic fact is that Americans, in the aggregate, have been spending and continue to spend in excess of their current income. What…

• Employment Disaster

  Published 26 September 2003 | viewed 3,663 times

  There has been much talk to the effect that America has just had its slightest recession in the whole postwar period. That is measured in…

• Ponzi Economy

  Published 12 September 2003 | viewed 3,719 times

  A version of this essay was first published in The Daily Reckoning (www.dailyreckoning.com ). Hope and hype are again triumphing over reality. The primary preoccupation…

• Waiting for Godot

  Published 22 August 2003 | viewed 4,599 times

  "There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should…

• An Open Mouth

  Published 01 August 2003 | viewed 2,694 times

  The people who expect a double dip or worse in the United States certainly represent a small minority. Among policymakers and economists in America, it…

• The Last Analysis

  Published 11 July 2003 | viewed 2,559 times

  Mr. Greenspan has been hailing the wonderment of the U.S. economy's new resilience, both to the bursting of the stock market bubble and to the…

• Phantom Wealth

  Published 04 April 2003 | viewed 4,083 times

  Strikingly, the late great bubble of 1996-2000 in the U.S. stock markets represents the first time since economic thinking started that this kind of wealth…

• Panacea Du Jour

  Published 23 January 2003 | viewed 3,025 times

  It used to be elementary knowledge among economists that rising investment in tangible assets - factories, offices, machinery and other forms of equipment - is…