Harry Dent’s Formula for Surviving the Great Bust Ahead

With a perfect storm brewing on the horizon, investors should be building their cash cache and running for cover, warns Harry Dent, author of The Great Crash Ahead. In this exclusive interview with The Gold Report, Dent explains how central bank stimulus programs are fighting a futile battle because a huge army of . . . → Read More: Harry Dent’s Formula for Surviving the Great Bust Ahead

The Root of the Problem

Here’s why behavioral economics is slow to take off:

More and more, I am thinking about this area in terms of the normative vision of the world it presupposes. Most amazingly, behavioral economists tend to accept the normative stance of neoclassical or standard economics (that is, the axioms of rationality). They “simply” do not . . . → Read More: The Root of the Problem

Economic Events on July 27, 2012

At 8:30 AM Eastern time, the advance GDP report for the second quarter of 2012 will be announced.  The consensus is an increase of 1.2% in real GDP and an increase of 1.6% in the GDP price index.  The real GDP estimate is 0.8% lower than the final value for the first quarter of . . . → Read More: Economic Events on July 27, 2012