Did union workers simply get their ‘Just Desserts’ for backing Hostess into a corner with too many unreasonable demands? Consider the evidence. Union workers have now completed their mission. 18,500 jobs are gone forever. The national labor bosses stood firm. Labor leaders are proud they stood up to those nasty ‘suits’ [see Entourage for definition]… Read More »
Economics and National Security Lecture and Q&A Dec 7th 2010 Pentagon City, VA – Mr. James G. Rickards The Johns Hopkins University / Applied Physics Laboratory Sponsored : Rethinking the Future International Security Environment Seminar
Bernanke’s statement that unemployment is the biggest impediment to economic recovery is ironic, given that Bernanke’s policies have increased unemployment. See this and this. Harry Blodget notes that Bernanke implied that inequality is destroying America. Tyler Durden hones in on Bernanke’s statements that the economic recovery may not be self-sustaining, and that the Fed may… Read More »
“The Fed has spent much of the last 15 years manipulating the stock market.”
On this edition of Peter Lavelle’s CrossTalk, he asks his guests about the chances of a double-dip recession.
Kai Ryssdal talks to Harvard Professor Niall Ferguson about the unsustainable debt load of the United States: Kai Ryssdal: The economic conversation that’s happening in Washington right now, and that is likely to flavor this fall’s elections, pretty much revolves around one word: Debt. How much money the country owes — which is a lot.… Read More »
While some forecasters aim to continue their winning streaks, others hope to salvage their reputations in 2010. Yet from Goldman’s giant interest rate call to Marc Faber’s ultimate contrarian bet, competitive market forecasting is really just a giant game of chicken. Key prognosticators are paid to take their stand, then defend it incessantly without blinking.… Read More »
In-depth on the biggest theft in world history in this 1.5 hour long interview by William Black the person who brought down the Keating 5 in the S&L crisis. Absolutely amazing. Actually this video covers a LOT more than merely what’s going on at GS. Perhaps the speaker’s most telling point is that there was… Read More »
The global economy is experiencing the deepest downturn in the post-World War II period, as the financial crisis rapidly spreads around the world. A large number of advanced economies have fallen into recession, and economies in the rest of the world have slowed abruptly. Global trade and financial flows are shrinking, while output and employment… Read More »
Here it is, the I.O.U.S.A. movie on Google Video. Enjoy!