Archive for November, 2009
Today’s Wisdom: Economics vs Politics
Image via Wikipedia Image via Wikipedia “Economics and politics confront the same fundamental problem: What everyone wants adds up to more than there is. Market economies deal with this problem by confronting individuals with the costs of producing what they want, and letting those individuals make their own trade-offs when presented with prices that convey [...]
Government is To Blame
Image by jpellgen via Flickr Charlie Gasparino has a concise history of the government‘s role in creating our current crisis. It is a must read. “The greed merchants needed a co-conspirator, Mr. Forstmann argues, and that co-conspirator is and was the United States government. ‘They’re always there waiting to hand out free money,’ he said. [...]
Kamikazi Healthcare Generals Harry and Nancy
Image by absentee_redstate via Flickr Image via Wikipedia Right after an embarrassing showing by the Democrats, their leaders are ordering them on a healthcare suicide mission. General Nancy seems especially hellbent, demanding a vote on Saturday of the House. Tuesday’s election results were shocking for Dems. Whether it is gameover as some Repub strategists are [...]
Martenson Deconstructs Fed Statement
Image via Wikipedia Image via Wikipedia Chris Martenson does a masterful job of deconstructing (and exposing) the Fed statement released this week. To visit his site, go here. I thought his summary said it all: “Where they say that we’ve got recovery all over the place, and where there is lots of evidence to support [...]
Enron was an Ethical Angel compared to our Government
Image via Wikipedia Image via Wikipedia Fannie Mae reports third quarter loss of $18.9 billion and requests another $15 billion in taxpayer funds. Another government enterprise comes back to the well for more, with no end in sight. Bloomberg has a summary of the results here. FNM was the organization that couldn’t do accounting properly [...]
Rosenberg on Gold
Image via Wikipedia Rosenberg in favor of gold and Treasuries (but Treasuries only near-term). Breakfast with Dave Read full article (PDF 435KB) November 5, 2009 QUICK TAKE ON THE FED You read the various bank economic departments’ take on the Fed statement and it’s split evenly on whether it was “dovish” or “hawkish”. The fact [...]
Employment Worsens Despite Headlines
Image via Wikipedia Good job numbers today — NOT! Once again we have the headlines and reality diverging. Karl Denninger provides an analysis of why the job situation is worsening rather than the “improvements” that are being heralded. Watch The Distortions (UIC Data) The Market Ticker Thursday, November 5. 2009 Posted by Karl Denninger in [...]
Today’s Wisdom: Independence of Economists
“… it is very dangerous for an economist to seek fame and fortune and to work closely with political establishments, … the most important trait of a good economist is the courage to say the unpopular thing. If you value your position and privileges more than truth, you will say what people want to hear [...]
Dr. Sowell on FDA Testing Process
This is the 7th installment in the Sowell series from IBD. You may find them all by going to IBDeditorials.com Weighing True Cost Of Delays In The Drug-Approval Process By THOMAS SOWELLPosted 05:52 PM ET This is the seventh installment of a nine-part series excerpting the chapter on medical care from the new edition of [...]
Humor, So Why Are We Crying?
Courtesy of The Reformed Broker Too big to fail; too flush not to gamble
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The Swedish Chef
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