Tag Archives: QE3
Economic Dependency and Looming Disaster
By the end of the day we should all know the winner of the 2012 Presidential Election. Of course, there’s always the possibility that it’s too close to call. Perhaps a recount of dangling, hanging, dimpled, and pregnant chads will … Continue reading
When the Gravy Train Jumps the Tracks
The future consequences of all that has been done to the financial system and the economy over the last four years – from late 2008 to the present – are largely not understood. There seems to be some broad impression … Continue reading
Helping the World Ruin Itself
“Iacta alea est.” – Suetonius to Julius Caesar, upon crossing the Rubicon, January 10, 49 BC Yielding to Political Will Yesterday brought forth new evidence that man, despite his better judgment, will nearly always yield to political will. Several months … Continue reading
Within the Vice-like Grip of the Secular Bear
The Labor Department released the August jobs report last Friday. The median estimate of economists surveyed by Bloomberg was for a gain of 130,000 jobs. The actual number of new jobs created was just 96,000. This means several things. First … Continue reading
