Dilbert agains shows that he has more forecasting ability than most Nobel laureate economists:
Archives for September, 2009
How to get a Bailout
Here is a way for individual citizens to get a bailout.
Headlines vs Reality
Here is an excerpt from Doug Casey’s daily eletter dealing with the media and the need to go beyond the headlines or news slants. His newsletter is free for anyone that wants to subscribe. Doug is a no-nonsense, free-market guy who doesn’t hide his thoughts or feelings. WASHINGTON (Reuters) – New construction of U.S. homes [...]
Volcker a Tipping Point?
Has a grownup finally shown up? Paul Volcker dropped a bombshell on Friday. The importance of his pronouncement is less economic than political. It appears to indicate a serious rift between him and the Administration. A post by Larry Doyle provides some details and analysis of the economics. Here is an extract from Doyle’s piece: [...]
Fed All In
Doug Noland of Prudent Bear comments on the Fed’s quarterly release of the Flow of Funds (emphasis added by me): “To summarize, there were no surprises in the Q2 2009 Flow of Funds. What I saw was confirmation of the Government Finance Bubble Thesis. “Uncle Sam Bets the House on Mortgages” was the headline for [...]
Deceptive Government Accounting
The manner in which the government keeps its books would shame Enron. Ditto for the statistics they report as economic data. Here is the latest example described by John Mauldin. His comments are always insightful. “Speaking of deflation, let me mention something I find totally outrageous. Normally, I actually take up for the bureaucrats who [...]
Drain The Political Swamp
Have you ever wondered how a politician can enter office poor and leave rich? Have you ever heard of a Congressman losing his home or filing bankruptcy? The answer to both these questions ultimately turns to Corruption. Corruption in government is as old as government itself. The longer a politician “serves,” the more his moral [...]
Stimulus “Results” Evaluated
The econometricians and empiricists “explain” the effects of the stimulus Is the American Recovery and Reinvestment Act of 2009 working? At the time of the act’s passage last February, this question was hotly debated. Administration economists cited Keynesian models that predicted that the $787 billion stimulus package would increase GDP by enough to create 3.6 [...]
Million Man March?
I haven’t seen anything like this reported in the mainstream media. http://bighollywood.breitbart.com/cburgard/2009/09/14/912-the-revolution-has-begun/ My post on 9/13 contains footage from CSPAN that indicates this was large. Some have claimed it was the biggest crowd ever in DC. One media reporter supposedly estimated it at 2 million. That compares with the Obama Inauguration estimate of 1.2 million. [...]
Healthcare and Markets
We are embroiled in a great debate over health care reform. There are two aspects of the debate that are often not identified. The first is whether healthcare is a “right.” The second is the best way to deliver healthcare. When one does not separate the two issues, one biases the solution. While I do [...]
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