Protecting yourself from World War III: Debtors vs Creditors

Steve Keen is an Australian Post-Keynesian economist credited as having “seen it coming” in this survey of research by economists or financial market commentators. Keen was one of only eleven researchers who qualified, which included Schiff, Roubini, and Shiller.

Steve Keen is a follower of Hyman Minsky’s “Financial Instability Hypothesis”, which he summarises as:

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Is GM’s Money-Back Guarantee Good News?

Last week General Motors (GM) announced their new program that further attempts to boost consumer confidence in their vehicles. The money-back guarantee states that you can return the vehicle for any reason, no questions asked, up to 60 days after purchase.

A quote from GM’s press release reads like this:

General Motors . . . → Read More: Is GM’s Money-Back Guarantee Good News?

How Credible is Rudd’s Spin on the History of Economic Reform?

In his comments in “The Australian” (8 Sept. ’09) on Paul Kelly’s new book, “The March of Patriots”, Kevin Rudd attempts to make a distinction between the economic reforms of the Hawke-Keating Labor governments and those of the Howard conservative government. Rudd describes the Hawke-Keating reforms as “modernising our economy to make it more . . . → Read More: How Credible is Rudd’s Spin on the History of Economic Reform?

Michael Pascoe – Gold Hater

Hat tip to Justin – Gold drops 25%! by Michael Pascoe:

So much for the rampant gold bugs wetting themselves about chart levels and such, never mind the overtime being worked in the mini-industry that exists around promoting gold.

As gold skeptics know, the yellow stuff occasionally has a day in the sun when . . . → Read More: Michael Pascoe – Gold Hater