Banking System, The Dollar and The Welfare State
There is no mathematical possibility of escaping the economic bind we face without reducing the welfare state. The current financial crisis only exacerbates a situation…
Timely Economic Analysis from Dilbert????
It appears that the writer of Dilbert is a better economist than many Nobel laureates who are proclaiming “Green Shoots.”
Banking Mess
The FDIC is broke (although not without additional Fed/Congress credit access) so is not closing banks that should be closed. Bank closures are occurring when…
Stocks Divorced From Real World
Below is an excerpt from David Rosenberg’s piece at https://ems.gluskinsheff.net/Articles/Breakfast_with_Dave_082809.pdf “Indeed, let’s compare the economic background last October compared to today:•The unemployment rate was 6.6%…
No Exit from Economic Mess
Doug Noland of www.Prudentbear.com has it right on his “No Exit” Possible scenario. Our economy has become totally dependent upon government spending, interventions and subsidies.…