Economics
–New York Times, September 21, 1998 Last week, the world’s best-known money manager, George Soros, warned that the global capitalist system ”is coming apart at the seams.” Reuters, November 6, 2007 Billionaire investor George Soros forecast on Monday that the U.S. economy is “on the verge of a very serious economic correction†after decades of […]
Continue reading about George Soros and Paul Krugman’s broken clock
…for Democrats… Today, it is a MUCH stronger than expected jobs report, The economy added 166,000 jobs last month, more than twice as many as economists had expected. The report appeared some trader anxiety over the health of the economy. Earlier in the week, 3rd quarter GDP came in at 3.9%. Real gross domestic product […]
Our friend and past guest on Pundit Review Radio Tom Blumer of Bizzyblog got in a little dust up with a certain NY Times Reporter this past week named David Cay Johnston who wrote a very questionable and suspect piece entitled: “Average Incomes Fell for Most of 2000-2005.” Our friend Tom looked a little deeper […]
Continue reading about And the N.Y. Times Wonders Why Circulation Continues to Decline?
The Red Sox owner, John W. Henry, has blown another trade. No, not another Eric Gagme trade. I’m talking about the “carry trade”, Aug. 20 (Bloomberg) — A doubling in currency volatility since June has knocked the “carry trade” off its perch as the most profitable strategy in foreign exchange, hurting investors from John W. […]
Continue reading about Red Sox owner screws up another trade
Pat Toomey of the Club for Growth reminds us that the stock market crash was not the primary culprit for the Great Depression as is often asserted: Though many associate the Great Depression with the stock market crash on Oct. 29, 1929, the market actually rallied during the six months following Black Tuesday, while the […]
Continue reading about Congress Should Reject Smoot-Hawley Like Punitive Trade Tariffs
Out of power for over a decade and impervious to the enormous positive economic benefits of pro-growth-supply side tax cuts, Congressional Democrats, itching to confiscate and redistribute as much individual income as possible have been very busy during the last 6 months proposing a plethora of new tax increases. Here is a partial list compiled […]
Continue reading about They Don’t Call Em Tax and Spend Liberals For Nothing
Amity Shlaes debunks the most common claims of the liberal-Left regarding FDR’s New Deal. Roosevelt did famously well by one measure, the political poll. He flunked by two other meters that we today know are critically important: the unemployment rate and the Dow Jones Industrial Average. In his first inaugural address, Roosevelt spoke of a […]