More Like A Depression Every Day
We have improved the prospects we won’t be consigned to a long period of subpar growth [but] it’s going to be a slower than typical recovery, and right now, downside risks continue to outweigh
It was as if the oil price shock had never happened. Those charged with guiding energy policy decided to solve our oil problem through long-term science projects that may never pay off. The people Obama appointed to guide economic policy were obviously there to serve Wall Street’s interests, so bailed out Too-Big-To-Fail bankers were still running the show
There are lies, damn lies - and statistics. —attributed to Benjamin Disraeli, made popular by Mark Twain Humankind can not bear too much reality —T.S.
There is no cause to worry. The high tide of prosperity will continue —Andrew W. Mellon, Secretary of the Treasury - September, 1929 The worst is over
Happy Thanksgiving. I thought you might enjoy some light reading for the holiday. Here are some things that caught my eye in the last week or so. Item
Extreme positions are not succeeded by moderate ones, but by contrary extreme positions —Friedrich Nietzsche Last week I took the view that The
This is your last chance. After this, there is no turning back. You take the blue pill — the story ends, you wake up in your bed and believe whatever
All the world’s a stage, And all the men and women merely players They have their exits and their entrances And one man in his time plays many parts —Shakespeare The
I think policy is currently quite accommodative. I think it can remain quite
We have improved the prospects we won’t be consigned to a long period of subpar growth [but] it’s going to be a slower than typical recovery, and right now, downside risks continue to outweigh
It is hard to imagine a happy future for the dollar, and I was going to say that before Robert Fisk published his The