Pull-n0-punches, Phil Town. Wow, this guy doesn’t mince words. Posted on 8/13/2011. =========== I recently mentioned that I got out because of technical signals and what I call “Bad Macro”. Here’s what Bad Macro looks like and why it matters: 1. Unemployment officially at 9%. Unofficially at 18%. Unemployed people may vote for more entitlements instead of for a candidate who wants to... Read more
Archive for the ‘Economics’ Category
More Failed Government Investment Isn’t the Answer
August 17 | Posted by mrossol | American Thought, Economics, Obama, Socialism, The LeftSome letters to the WSJ. Some great points! ============= “How to Close the Skills Gap” by Sens. Mary L. Landrieu and Patty Murray (op-ed, Aug. 10) highlights the troubling misconception that skills are not present in the American work force. The senators would score some high marks with roughly 40,000 literate, skilled, unemployed or under-employed ironworkers if they were to let us know... Read more
Lesson From Europe Take 2
August 17 | Posted by mrossol | American Thought, Economics, SocialismThe options and choices before Americans seem to become clearer and clearer. ==================== The real lesson from Europe,” wrote Paul Krugman in January 2010, “is actually the opposite of what conservatives claim: Europe is an economic success, and that success shows that social democracy works.” [Oh?] Here are some postcards from the social democracy that works. • In Britain, 239 patients died of... Read more
Tale of Three Thefts: China, Russia, and the US
August 9 | Posted by mrossol | Economics, Obama, Party Politics, Socialism, US CourtsRussia 2006 In December of 2006, Gazprom, the Russian energy monopoly, “accepted” control of Sakhalin-2 from Royal Dutch Shell. Sakhalin-2 is a drilling venture off Sakhalin Island in Russia’s North Pacific. Shell negotiated the offshore drilling rights with the Russian government to be Sakhalin-2’s owner and operator along with its two Japanese partners. In return, Shell agreed to invest $8 billion.... Read more
The Road to a Downgrade
July 28 | Posted by mrossol | American Thought, Economics, SocialismEven without a debt default, it looks increasingly possible that the world’s credit rating agencies will soon downgrade U.S. debt from the AAA standing it has enjoyed for decades. A downgrade isn’t catastrophic because global financial markets decide the creditworthiness of U.S. securities, not Moody’s and Standard & Poor’s. The good news is that investors still regard Treasury bonds, which carry... Read more
Poverty in America…
July 27 | Posted by mrossol | American Thought, Economics, Politically correct, SocialismRobert Rector of the Heritage Foundation writing at nationalreview.com, July 26: The Census Bureau reported last fall that 43 million Americans—one in seven of us—were poor. But what is poverty in America today? The most recent government data show that more than half of the families defined as poor by the Census Bureau have a computer in the home. More than... Read more
