
…Before starting on the subject of debt I wanted to make a quick reference to something sent to me by Charles Horner, a senior fellow at the Hudson Institute. I am glad to say that the overinvestment thesis is much
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…Before starting on the subject of debt I wanted to make a quick reference to something sent to me by Charles Horner, a senior fellow at the Hudson Institute. I am glad to say that the overinvestment thesis is much
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…Most of the economists – or would I be labeled as ‘sarcastic’? If I say all the top economists from renowned universities disagreed the idea of Ron Paul of restoring the gold standards. None of the experts, not even 1%
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…One of the great constants in the world economy in the past few decades has been the consistently strong growth in the US labour force. This has given American economic performance a demographic head start compared with other developed countries.
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Politicians say we have the most productive workers in the world. They don’t know what they’re talking about.
In 1939, when John Steinbeck completed The Grapes of Wrath…—a heart-wrenching tale of a family of sharecroppers forced out of their
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(…Reuters) – Organized crime has tightened its grip on the Italian economy during the economic crisis, making the Mafia the country’s biggest “bank” and squeezing the life out of thousands of small firms, according to a report on Tuesday.
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TEHRAN (FNA)- Iran and Russia have replaced US Dollar with their own currencies in their trade ties, a senior Iranian diplomat announced on Saturday.
Speaking to FNA, Tehran’s Ambassador to Moscow Seyed Reza Sajjadi said that the proposal for …
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Courtesy of Bill Buckler of The Privateer
The Great Non Debate
…For five years, the writing on the wall has been crystal clear. As 2007 began, the US Foreclosure Market Report for 2006 showed that foreclosures for the year had
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…Hard-hitting U.S. sanctions on Iran’s central bank and new Iranian threats to attack U.S. vessels in a vital oil-shipping route underscore a little-noticed aspect of the growing tensions between Washington and Tehran: Armed conflict may not break out anytime soon,
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Editors note: This is not to inslut anyone in Saudi Arabia. We actually have some friends who lived there or work/ed there.
We personally believe that this will go down as the biggest foreign policy blunder in history.
From an …
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By DavidMerkel
There is little to no fanfare for the release of this report…, (why do they release at such a distracted time of year, where people will ignore it?) which strips away a lot of the malarkey that
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By John P. Hussman, Ph.D.…
In recent weeks, investors have abandoned all material concern about the likelihood of oncoming recession, largely because U.S. economic reports – though very tepid on an absolute basis – have come in persistently “better than
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…Well, my fellow Californians, looks like we’re all pretty much screwed.
The evidence: a new study by theStanford Institute for Economic Policy Research finds that California’s struggles with giant pension obligations for state workers is getting worse. Much worse. The
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By David Merkel of Aleph Blog…
This is not likely to be a popular post. Just warning you.
I have a bias that modernity is more fragile than commonly believed. One aspect of that is income/wealth distributions. Inequality was far
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…Omega Advisors, Inc. I Wall Street Plaza • 88 Pine Street • 31 st Floor | New York, New York 10005 Tel: 212-495-5210 | Fax: 212-495-5236
Leon G. Cooperman, C.F.A. Chairman & Chief Executive Officer
OPEN LETTER TO THE PRESIDENT
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