Contributing Editors' Blog Entries
Jobs - A Solution at Hand?
Submitted by Bruce Krasting on 12/03/2009 - 07:20 Here is a proposal that WOULD create jobs and stimulate the economy. It is very big and therefore would be effective. It would also be revenue neutral, something that no other plan can claim. What do you think?
The Dubai File: Is Venezuela Headed for a Default?
Submitted by rc whalen on 12/02/2009 - 21:39 default Dubai "We would not be surprised to see more sovereign debtors make unilateral announcement of debt moratoriums and/or restructurings, perhaps including even oil rich Venezuela. We notice in that regard that Venezuela’s lider maximo, Hugo Chavez, is preparing to nationalize the few remaining private banks of that nation, usually a good indicator of an approaching sovereign debt default."
New York Takes a Bite Out of Pensions?
Submitted by Leo Kolivakis on 12/02/2009 - 21:15 $48 billion over 30 years, and it's just the beginning. Don't say I didn't warn you...
Robert Reich Confirms Permanent Destruction of Jobs in America
Submitted by George Washington on 12/02/2009 - 17:27 Robert Reich Heck of a job, Larry, Tim and Ben...
The Big Thinkers: The Brainy Awards
Submitted by Econophile on 12/02/2009 - 15:04 Foreign Policy magazine has just come out with its list, “The FP Top 100 Global Thinkers." They rate the intellectual giants, the Big Thinkers, the Big Brains of our current world. It is the most pompous fluff piece that I have seen in, well, quite a while. It just brims with a lack of intellectual rigor, reason, and good scholarship. It is a kind of Parade magazine feel-good fluff that we see in many of these types of lists. And it is grist for my vitriolic mill. You will be sadly disappointed.
Dubai’s Shot To The Moon
Submitted by Vitaliy Katsenelson on 12/02/2009 - 13:59 Virtually unlimited access to cheap money blurs lines between what makes economic sense and what doesn’t. If it can be financed it will be built. Dubai’s plan to diversify away from petrochemicals made sense. Maybe it is even destined to become the Las Vegas of the Middle East, the Mecca of business travel and luxury. Dubai, however, is like NASA; both have proven that anything is possible when you ignore economic costs.
Obama escalates in Afghanistan
Submitted by Project Mayhem on 12/02/2009 - 13:19 Afghanistan Nobel 'Peace' Prize winner Obama escalates war in Afghanistan in act of Orwellian tragedy.
Breaking News from Broken Media Outlets???
Submitted by Reggie Middleton on 12/02/2009 - 08:38 Hey, CNBC is just as objective as the next news outlet, right???
Will a “Cold / Frost” Full Moon cool off Fiery Hot Gold Futures ???
Submitted by Fibozachi on 12/02/2009 - 04:42 Full Moon In light of an especially noteworthy Full Moon, both gold bugs and those who are particularly 'in tune' with the waves of collective social mood (akin to social tuning forks) ought to remain extra cranky for an additional few days. 02:28:xx, Wednesday morning (12.2.09), marked a Full Moon; we at Fibozachi always reference time in EST, which is universal 'market time' while everything else is just ‘noise,’ though apparently there is something other than just dead 401(k) money scattered across mutual fund sub-accounts domiciled in Manhattan/ Boston (equities), Chicago (commodities) and Newport...
Have You Sold Anything Yet?
Submitted by thetechnicaltake on 12/01/2009 - 22:32 In this year of outlier events, the outlier trade may be realized.Are Public Sector Pensions Better?
Submitted by Leo Kolivakis on 12/01/2009 - 22:29 The Institute for Fiscal Studies said not only did public sector workers have greater access to so-called gold-plated defined benefit schemes than those who worked for private companies, but the schemes themselves were typically more generous.Questions for Bernanke's Senate Confirmation Hearing
Submitted by George Washington on 12/01/2009 - 16:30 Questions for our Esteemed Chairman ...Keynesians Are Wrong: We CAN (And Very Well May) Have Disinflation With Rising Real Interest Rates, Which Could Hasten the Decline of American Power
Submitted by George Washington on 12/01/2009 - 14:59 Real Interest Rates We might get falling inflation (disinflation or deflation) and rising real interest rates, which would hasten the decline of the American empire.