Monty Pelerin's World

Economic, Financial and Political Analysis

Archives for November, 2009

Wisdom: Eisenhower and Michael Crichton on Science

Anyone can rent a scientist. But when Federal funding is at stake, it appears you can also rent a conclusion. In his farewell address to the nation back in 1960, Dwight D. Eisenhower warned of the danger from the military industrial complex. Less well-noted was his admonition of how scholars (scientists) could be corrupted by [...]

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Retirement, For Whom?

… your $200,000 ten years ago has been halved in terms of purchasing power. However, in terms of planning purposes, your anticipated retirement amount has been reduced by 75%. Given these outcomes, who will be able to retire? And for those already retired, how many will “unretire?” For Buy and Hold investors, better have a [...]

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The Shrinking Presidency

Things are not going well when material like the following from Peggy Noonan appears:  ” ”a critical mass of influential people who once held big hopes for his presidency began to wonder whether they had misjudged the man.’ They once held ‘an unromantically high opinion of Obama,’ and were key to his rise, but now they [...]

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US Morphs into Greece, Financially

One possibility of where the US is headed. The Seeking Alpha article below should probably be read after reading Spiraling to Bankruptcy What Will the U.S. Economy Look Like in 10 Years? Look to Greece by TraderMark “I’ve been reading quite a bit of handwringing over Greece in the UK papers, and came upon this piece from [...]

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Spiraling to Bankruptcy

If the Government confiscated everything, the social programs would still be $50 trillion short and the Government would still be bankrupt. Furthermore, no company or individual would be left with anything. The economy is in bad shape. Some say it is worse than any time since the Great Depression. I believe it is actually worse [...]

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