John T. Reed’s news blog

The US GDP is $21.6T. I have to guess how much this telling all non-essential employees is going to affect GDP. I’ll guess 75%. So the GDP for the 12 months after the covid 19 hit the fan would drop to $5.4T. .The Great Depression was far milder that what Trump and the governors are now inflicting on the US. Look at the graph with the pink bar showing the Depression years. . https://en.wikipedia.org/wiki/Great_Depression#/media/File:Real_GDP_of_the_United_States_from_1910-1960.svg . What Trump and the governors are now doing, and bragging about, is a greater threat to the US than the Great Depression or World War...

I said that the media was overhyping chloroquinine. Today they are hyping it about five times as much. Trump talked like a fool on this and so did Laura Ingraham..1. They said it worked great on some patients. Dr. Fauci said it is ANECDOTAL evidence that means relatively few patients and no controls—same type of patients who unwittingly take placebos instead of the medicine being tested.2. They said we know it’s not dangerous because it has been used for 75 years for malaria. The more correct version would be we know it does not hurt or rarely hurts people who...

One of the problems of being an expert is you see too much. When I was a real estate agent, I was rapidly reading books and attending courses. Then I would show a house. At first, all the houses looked great. But the more I learned, the more I saw the bad stuff. At an appraisal course, one of my fellow students there was also an agent. He said the more he learned the harder it was for him to sell the houses because he could see what was wrong. “Me, too,” I said..In football, I can see too much....

I do not like junk silver, but I own a bunch of it because my wife inherited it and wants to keep it for sentimental reasons. So I keep an eye on the price. My readers, for reasons unknown to me, think I love it and recommend it. Indeed, that is how my wife inherited it. Her brother read my hyperinflation book, which says NOT to buy gold or silver and went out and bought a bunch which he left to us..What I DO and DID in the book and on the net is list the advantages and disadvantages of...

Once upon a time, everyone was admonished to put money away for a rainy day. Sound advice consistent with an ancient concept called self-reliance. . Now every time the slightest thing happens, we run to the federal government looking for welfare. The problem is the federal government does not have money lying around to spend on every adverse event that occurs in American lives. They borrow this money to play this game and now have accumulated $23T in national debt. . That is 107.3% of the GDP. For perspective, it was 17% in 1933 when FDR was inaugurated. That is...