Richard Salsman

  • Fed Rate Cuts Are Unlikely to Goose the Stock Market or Prevent a Recession

    “Rate cuts based on hindsight instead of foresight can confirm a recession but can’t prevent it.” ~Richard Salsman

    Fed Rate Cuts Are Unlikely to Goose the Stock Market or Prevent a Recession
  • A Recession the Yield Curve Predicted (Again)

    “We get the signal that another recession will arrive within 12-18 months, then we get the signal that says recession is imminent. The door knocks are getting harder and louder. Something’s out there.” ~Richard M. Salsman

    A Recession the Yield Curve Predicted (Again)
  • The Multiyear Decline in US Economic Freedom

    “In 2007 only three countries were economically freer than the US, but by 2015 eleven nations were. Today, 24 are freer.” ~Richard Salsman

    The Multiyear Decline in US Economic Freedom
  • The Inverted Yield Curve and Next US Recession

    “When will the start of the next recession be recognized? On average since 1980 the NBER has waited eight months before assigning a starting date (and fifteen months to assign ending dates), so if the next recession were to begin in early 2024 it might be publicized by August.”

    The Inverted Yield Curve and Next US Recession
  • Stocks and Bonds Hurt Alike Under Stagflation

    “When bonds and stocks decline a lot and simultaneously it suggests inflation is rising rapidly even as the economy is stagnating or contracting (or will soon do so). For most economists today, that combination is near-impossible.” ~ Richard M. Salsman

    Stocks and Bonds Hurt Alike Under Stagflation
  • Rent Selling Countries are More Corrupt and Less Wealthy

    “The real cronies are those who demand and supply interventionism. Despite their claims, they can’t get money out of politics, or reduce corruption, because they’re so eager to inject politics into money-making.” ~ Richard M. Salsman

    Rent Selling Countries are More Corrupt and Less Wealthy
  • The Impact of Higher Inflation on US Asset Class Returns

    “If the Fed is to be a mere BoJ copycat, does that mean that it can keep US equities artificially elevated by a perpetually low policy rate? No more than the BoJ has been able to do for Japanese equities.” ~ Richard M. Salsman

    The Impact of Higher Inflation on US Asset Class Returns
  • The Costly but Deliberate U.S. Labor Shortage

    “Today’s U.S. labor shortage is both uneconomic and unnecessary, yet nonetheless what appears to be a deliberate policy aim. Sadly, the same can be said about a wide range of other anti-capitalist policies being advanced by the Biden administration.” ~ Richard M. Salsman

    The Costly but Deliberate U.S. Labor Shortage
  • A Tragic Half Century Without Gold Money

    “Fifty years without a gold-based monetary system is not only unprecedented in human history but unfriendly to economic prosperity.” ~ Richard M. Salsman

    A Tragic Half Century Without Gold Money
  • From Fast Growth to No Growth to De-Growth

    “Whereas some anti-capitalists wish earnestly for capitalism’s end and yearn for a future utopia of non-capitalist wealth (a contradiction), others of them yearn for the world known before capitalism, the non-capitalist world that was fundamentally feudal and medieval.” ~ Richard M. Salsman

    From Fast Growth to No Growth to De-Growth