November Job Numbers, 9.8% Unemployment
Awful. I was listening to the job numbers on CNBC and a half-hour before the Squawk Box crew interviewed Tom Friedman. Friedman is wet behind the ears. He, like Krugman, Continue Reading →
Category Archives: Economics
Austerity
My nomination for word of the year. The other would be “unexpectedly”. Related Irish Cutbacks Pile It on for ‘New Poor’ The measures are draconian. The government plans to shed Continue Reading →
Weekend 156.0
(1) 12 Awesome Airplane Paint Jobs (2) How to Turn a Recession into a Depression (2a) “As hostility to businessmen grows, politicians tax them more heavily, while debasing and inflating Continue Reading →
Oct. 24, 1929
Is a Crash Coming? Ten Reasons to Be Cautious (WSJ)
Economic strategy of public debt…$862B
The Obsolescence of Barack Obama (WSJ) The vaunted Obama economic stimulus, at $862 billion, has failed. The “progressives” want to double down, and were they to have their way, would Continue Reading →
Horse Tranquilizer…Aisle 3
The Pelosi-Reid Economy (Forbes) Stimulus. TARP. ObamaCare. These three words are being written into the political obituaries of politicians who voted for the programs–for good reason. These three bills, made Continue Reading →
Thanks China!
“The US government has a technology, called a printing press, that allows it to produce as many US dollars as it wishes at essentially no cost.” – Ben Bernanke
Red Ink
A Weakened U.S. Goes to the G-20 The American leaders are under the illusion that their Keynesian spending and easy money policies actually have worked, 10% unemployment notwithstanding. It surely Continue Reading →
Waning trust…
Mead’s argument in God and Gold is bunk because it assumes the public has trust in government. “Historian Niall Ferguson estimates that the British national debt as a percentage of Continue Reading →
Giant Sink Hole
This Greek Tragedy Is Only Beginning (Forbes) European spendthrifts will have to make some painful adjustments. “Maybe the best lesson is one that we in the U.S. seem to be Continue Reading →