Last week marked the end of the Cash for Clunkers program. Many have called it one of the best economic stimulus programs ever implemented. Of course the White House has called it “Wildly Successful.”
“This is one of the best economic news stories we’ve seen and I’m proud we were able to . . . → Read More: Clunkermania: Top Good News Economic Story of the Year
Another Good News Thursday saw major US stock indexes closing at fresh 2009 highs. The Dow Jones Average was up for the eighth straight day — the best winning run since April 2007.
As we predicted here, the bull market move has been swift and steep leaving many investors in the dust. . . . → Read More: Eight Straight: 52% Ain’t Bad
The community organizers’ struggle is one of class warfare. As Saul Alinsky wrote, “A People’s Organization is the banding together of large numbers of men and women to fight for those rights which insure a decent way of life…A People’s Organization is dedicated to an eternal war. It is a war against poverty, misery, . . . → Read More: Community Organizers Owe Their Livelihood to Capitalism
On 31st (Monday) morning, interest rate futures trading will start at NSE for the second time. Watch me on the CNBC TV18 website on interest rate futures. I had a blog post on this recently, and Mobis Philipose has an article on the same subject.
NSE has setup a nice web page on interest . . . → Read More: Interest Rate Futures Launch
This is the question raised in a recent article in the Journal of Happiness Studies: “The China puzzle: falling happiness in a rising economy”, by Hilke Brockman, Jan Delhey, Christian Weizel and Hao Yuan (V10, 4, 2009).
The focus of the study is the decade from 1990 to 2000. Even though real per capita . . . → Read More: The Chinese Are Becoming Wealthier, So Why Aren’t They Happier?
Interview With Jim Willie
An interview with Jim Willie where we discuss the potential of bank failures emanating from the Middle East and rippling throughout the world being the catalyst for the next round of the credit contraction.
TRACE MAYER: Hey this is Trace Mayer and you’re listening to the 50th episode of the . . . → Read More: Interview With Jim Willie
It is certainly quite interesting in Goldland these past few months. Both of my anecdotal indicators are down compared to a year ago when retail shortages were rife: posts on Kitco’s forum and comments to article about gold on Seeking Alpha. Seems everyone is distracted by green shoots.
I have just finished The Myth . . . → Read More: Power Pentagons, Hayek, GFMS and Bear Traps
Ann Elk: Where? Oh, what is my theory? This is it. My theory that belongs to me is as follows. This is how it goes. The next thing I’m going to say is my theory. Ready?
TV Interviewer: Yes.
Ann Elk: … This theory goes as follows and begins now. All brontosauruses are thin . . . → Read More: American Disease, 2009
The Bank of Israel has become the first central bank worldwide to raise interest rates.
A few weeks ago, I wrote an elongated blog post titled Does unconventional monetary policy and unusual fiscal policy presage an upsurge in inflation?. This was partly motivated by the concerns of the time (this was in mid-June) about . . . → Read More: The end of the beginning
[Editor Note: The administration is exacerbating the greater depression by (1) preventing and delaying liquidation of toxic assets, (2) inflating the illusion currency supply beyond recognition, (3) attempting to keep wage rates up by bailing out structurally challenged industries, (4) attempting to keep prices up for example by destroying supply of old working cars . . . → Read More: Green Shoots Or Greater Depression?