Archive for the ‘Economics’ Category

‘Stupid’ and Oil Prices

February 25 | Posted by mrossol | American Thought, Economics, Obama

Worth the read, although there should isn’t anything really that new if you think logically. ===== ‘The American people aren’t stupid,” thundered President Obama yesterday (2/24/2012) in Miami, ridiculing Republicans who are blaming him for rising gasoline prices. Let’s hope he’s right, because not even Forrest Gump could believe the logic of what Mr. Obama is trying to sell. To wit, that a) gasoline... Read more

Greek crisis .. it’s game theory

February 23 | Posted by mrossol | Debt, Economics

By Matthew Lynn LONDON (MarketWatch 2/23/12) — What movie should you watch to try and understand the torturous progress of Europe’s debt crisis? “Zorba the Greek,” maybe? “The Never-Ending Story,” perhaps? In fact, the best thing you could slot into the DVD player would be ‘A Beautiful Mind’, Ron Howard’s well-crafted film about the mathematical genius John Nash. The latest round of... Read more

Record 1.2 Million People Fall Out Of Labor Force

February 3 | Posted by mrossol | Economics, Obama, Socialism

Hmmm. A month ago, we (zerohedge.com)  joked when we said that for Obama to get the unemployment rate to negative by election time, all he has to do is to crush the labor force participation rate to about 55%. Looks like the good folks at the BLS heard us: it appears that the people not in the labor force exploded by... Read more

Europe Now Doubts That Greece Can Embrace Reform

January 16 | Posted by mrossol | Debt, Economics, Socialism

The US is on this same highway, aren’t we?  No one is willing to say, and no one wants to hear the truth. =============== ATHENS — As Greece and its lenders prepare for another week of tense negotiations, European officials now say that the task is less to help the country through its troubles than to avoid the sort of uncontrolled default... Read more

The Death of Europe? – Mauldin

January 15 | Posted by mrossol | American Thought, Debt, Economics, Socialism, The Left

John Mauldin- to whom I was introduced by my son Mark -writes one of the best financial analysis weekly articles I know of .  The unnerving thing about this article is that the USA is on the same “highway” as Europe. And your president keeps wanting to step on the gas.  (I’ll see if I can get the graphs added). ======= One... Read more

How Stimulus Spending Ruined Buffalo

January 15 | Posted by mrossol | Economics, Liberal Press, Party Politics, Socialism, The Left

What? WHAT am I missing? ============ By STEVEN MALANGA Why do cities like Buffalo decline, and what role should government play in promoting recovery? In his State of the State Address this month, New York Gov. Andrew Cuomo announced $1 billion in incentives to attract new investment to the beleaguered city by Lake Erie. “We believe in Buffalo,” he said, “and we’ll put our... Read more

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