Category Archives: economy
Bear Markets & Chicken Entrails
Whassup? No much, it’s mostly what’s down. There’s a whole herd of talking heads out there trying to convince us that the Golden Years of uber-prosperity are just around the corner. Fortunately Algore’s invention of the internet affords us the … Continue reading
The VAT (bring your own Vaseline)
America is in a severe recession, if not the early stages of a difficult and prolonged depression. Home prices have cratered, unemployment figures are the worst in many years, California is technically bankrupt. What remains of our falling affluent soufflé … Continue reading
The Zimbabawe Way: Inflation & the Limits of Government
Here’s something nobody is going to tell you. An article was printed in the WSJ in May… History has consistently demonstrated that economies of every stripe, market economies or centrally planned economies, cannot generate more than one fifth of their … Continue reading
Financial Reform, Dog Weddings & The Death of Keynesian Economics
The best way to destroy the capitalist system is to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. John Maynard Keynes Spent the past … Continue reading
Formula Yawn
Had a fine day in Charleston, SC Sunday. That night I realized I had missed the Monaco GP. Don’t watch Formula One anymore, but if you still care here’s a tip: you only have to watch the first lap. After … Continue reading
The Great American Bank Con Job
Visit msnbc.com for breaking news, world news, and news about the economy Mad yet? Now read The Balloon Theory… “History and Background In 2008, the peoples capacity to finance the debt they carried was exceeded. A global balloon of debt … Continue reading
Home Prices ~ The Wolf At The Door
Sydney: Home prices in Australia’s eight capital cities fell just 5.5 percent in 2008 before leaping 13 percent in the 12 months that ended in December 2009, according to the Australian Bureau of Statistics. In Melbourne, a frenzy of investors … Continue reading
America is Broke: Here’s Why…
Next up – a barnburner of a post, excerpted from http://www.zerohedge.com/. While I don’t necessarily agree with the author that the fundamental flaw in our economy was outsourcing jobs (I believe it was government interference in economic markets to gain … Continue reading