Should We Welcome Globalization or Fear It?

Having just finished reading Gregg Easterbrook’s new book, ‘Sonic Boom’, I think he would say that we should welcome globalization. He sees fantastic potential for social progress, but improved living standards are likely to be ‘wrapped with ribbons of stress, anxiety and dissatisfaction (p.34). His bottom line seems to be that globalization is inevitable . . . → Read More: Should We Welcome Globalization or Fear It?

Alan Greenspan and the Ruination of the US Financial System

The Financial Times had the article “Greenspan Mauled Over Role In Meltdown”, which was about that loathsome, worthless lunatic Alan Greenspan testifying at the Financial Crisis Inquiry Commission, which is enough to make you laugh in itself; the morons who perpetrated constant deficit-spending are facing off with the guy who provided the money and . . . → Read More: Alan Greenspan and the Ruination of the US Financial System

Economic Events on April 16, 2010

At 8:30 AM EDT, the Housing Starts report for March will be released.  The consensus is that construction on 605,000 new homes was started last month, after a weak February due to poor weather.

At 9:55 AM EDT, Consumer Sentiment for the first half of April will be announced.  The consensus is that the . . . → Read More: Economic Events on April 16, 2010