Archive - Mar 31, 2012 - Blog entry

"This is the day upon which we are reminded what we are in the other three hundred and sixty-four."--Mark Twain

They've got to be kidding: abstinence hell is coming to Italy’s technocrat reformers and professional politicians, unless....

The real story of Germany, to be blunt, is that it is a parasite economy. Its domestic demand lags. It has a labor force with different values than most. It will live with low wage increases and low inflation. It has lured other EMU members into a currency bloc and let them run such persistently higher rates of inflation (with no criticism of it!) that Germany now OWNS any domestic demand that other EMU countries can generate. Germany is like the vampire squid economy of Europe. Now it’s kind of caught in its own huge blinding squirt of ink, since its banks have lent to these other EMU countries to finance their excessive consumption and Germany is entangled. But on the real-economy side of things, the German economy is eating their lunch, however, meager.

CA AG Kamala Harris wants to change CA from a non-judicial state into a judicial state for foreclosures. Disaster.

In the US, we instead chose to undermine capitalism and the economic cycle. In the process we’ve undermined trust in the system. Until this is remedied there will be not REAL recovery.

Ben's selling the same old crap