Yesterday, I wrote an article entitled Why Progressive Austerians do the Greatest Damage. The article was prompted by a column written by Brad Plumer. Plumer commented on my article, expressing his disagreement with my characterization of his position.
Tag Archive for Folly
Bears Chat, Best of the Forums
Quote of the Day…
by Bears Chat at The Wall Street Examiner • • 0 Comments
“The ultimate result of shielding men from the effects of folly is to fill the world with fools.”
Herbert Spencer, English philosopher (c/o Barry Ritholz)
Bears Chat, Best of the Forums
Fed Governors’ Delusions Will Lead to Tragic Failure
by Bears Chat at The Wall Street Examiner • • 0 Comments
The hubris of the Federal Reserve knows no bounds; the Fed Governors’ delusions will lead to tragic failure. In the tragi-comic farce that is the U.S. economy, the Federal Reserve plays the part of the hubris-soaked Hero whose overconfident meddlin…
Bears Chat, Best of the Forums
When Things Fall Apart
by a Wall Street Examiner • • 0 Comments
The latest from Charles Hugh Smith…
Financialization and centrally planned speculative credit bubbles have undermined the real economy: that’s why things are falling apart. There is no pleasure in “I told you so” when things fall apart. Many of us…
Bears Chat, Best of the Forums
Dow 15,000 By Year Ben
by a Wall Street Examiner • • 0 Comments
Dow 15,000 By Year Ben
Submitted by Barry Ferguson on Sat, 8 Jan 2011
Uh… I mean year end
And….., we’re off! The New Year is off and …
Bears Chat, Best of the Forums
Insanity on the Potomac – Treasury Investors Recoiling in Horror!
by a Wall Street Examiner • • 0 Comments
The 3-Way Collusion Is Obvious …
Congress passes a groundbreaking bill to gut the budget.
The president promptly signs it into law.
And the Fed prints the paper money to finance the folly.
But there’s a problem: America’s creditors are…
Bears Chat, Best of the Forums
Ignore Experts, Prophets and Economists
by a Wall Street Examiner • • 0 Comments
Free advice is worth everything you pay for it. This article looks at the folly of putting all your investment decisions in the hands of the so-called experts. One of the prime examples of how someone supposedly in-the-know can be completely off-base…
Liquidity Trader, Professional Edition
The Point of No Returns? Professional Edition
by Lee Adler • • 0 Comments
Last week the Fed bought over $10 billion of the $32 billion in Treasury purchases it is aiming for this month. FCBs were also net buyers, but were selling GSE paper. Their reductions in GSE holdings have now reached $100 billion since mid August. This is bad news, and has gone unreported in the mainstream…
