Category Archives: Economics & Finance

Austerity: the Banker’s Solution; the People’s Problem

Austerity is the most oft-repeated word on the evening news. It’s the vogue in Europe as Greece and Italy are taken over by economists. [After all, who better to call in to do the dirty work of imposing doom than … Continue reading

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Angela really, really, doesn’t get the Greeks

Angela is determined, and the birth of Economic Democracy now looks less certain. Rather than giving the Greek 99% a choice of whether or not to take further austerity measures upon themselves, the Central Bankers insist that they will decide. … Continue reading

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Greece is still the Cradle of Democracy

When Goldman Sachs restructured Greek debt some years ago, a major portion of their financial problem was concealed with clever accounting. Needless to say, the 99% had nothing to say about the deal struck for the benefit of the 1%. … Continue reading

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Prof Niall Ferguson of Harvard Embarrassed a Lot of Alumni on GPS

It’s sad and embarrassing when a Harvard Professor resorts to obfuscation and irrelevant personal attacks in order to make his point with viewers. The nadir of Ferguson’s contemptable performance came when he sighted China’s move away from government regulation as … Continue reading

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DJIA: Greatest Monthly Rise Since 1987, 24 years ago!

September 24th we observed that the markets made a mistake in responding to the fear campaign which threatened the 10,800 support level we had tracked in our series of posts on the DJIA. We observed: Every so often the market … Continue reading

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You can’t say we didn’t warn you about Herman Cain!

Our May 21st Post was very clear on this point. Herman is no joke. Now that the NY Times / CBS Poll shows him comfortably in the lead we will make our next Herman Cain prediction. Guess who’s coming to … Continue reading

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Too Many in Race Cause Pile-up in Las Vegas

Of course I refer to last night’s debate in which Republican Presidential candidates demonstrated that they share little politically, other than the desire to replace President Obama. As usual the only guy willing to say what he really thinks is … Continue reading

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