Category Archives: Politics
Economic Panacea Unveiled
According to Standard & Poor’s Ratings Service, California’s credit rating is at a “crossroads.” The new fiscal year will begin one week from today and there’s still no budget in place. “If a budget is not adopted in time for … Continue reading
Give Default A Chance
“Jove does not give all men their heart’s desire.” – Homer, The Iliad The Measures Are Killing Us Last week, following several shots of ouzo, the Greeks took to the streets of Athens. There, while attempting to surround Parliament, they … Continue reading
On Savages and Perpetual Infancy
Last Tuesday Federal Reserve Chairman Ben Bernanke said the economic recovery was “frustratingly slow.” By Wednesday the yield on the 10-Year Treasury Note had dropped below 3 percent. At the same time, stocks, oil, and gold were shellacked in unison. … Continue reading
Let the Fun Begin
Last week Wall Street finally realized something that everyone else has known for some time…this economy stinks worse than rotten tomatoes. After rising 14 points on Tuesday, the S&P500 dropped 45 points to close out the week. Then, yesterday, it … Continue reading
