What do you do when flood waters threaten the dam? If you’re the Federal Reserve, you close the floodgates and let the water rise.
Metaphors have an uncanny ability to capture the essence of complex situations. Here is one dam metaphor that dist…
Book website
How Hamilton fixed the Euro (and gave his banker buddies a 6X payoff in the process)
After the Revolution, several states had huge debts. Govt IOUs issued to veterans were selling for 5 cents on the dollar (Woodard), and Pennsylvania ou…
UK Daily Mail link (British govt’s Osbourne called this the “Most radical reform of banking in decades…”, yet the NYTimes didn’t think the ‘news was fit to print’ until a day later, and then page 2 of the business section below the fold) LOL
When Gr…
Nov 10, 2011
China looks at life after euro
By Antoaneta Becker
BEIJING – If Chinese detractors of liberal democracy and unbridled market development ever needed more fodder for their attacks on the West, then last week’s Greek farce provided plent…
“Don’t envy the super-rich, they are miserable,” writes the Wall Street Journal’s Robert Frank, author of “Richistan.”
Seriously, even if the American dream is dying for the vast majority of A…
Here’s the letter from one of Mauldin’s readers. Click on the link for Mauldin’s response…
“…. I would like to get something off my chest. I would like to know why you seem to side with those analysts who keep telling us that the only way we …
