Be Careful for What You Wish GDP = C + I + G + (X-M) The View From Europe Under the Tuscan Sun "Everyone" is upset with the level of fiscal deficits being run by nearly every developed country. And with much justification. The levels of fiscal deficits are unsustainable and threaten to bring...
Europe Throws a Hail Mary Pass It's More Than Just Government Debt The Grand Misallocation New York, LA, and Italy In a 1975 playoff game, the Dallas Cowboys were nearly out of time and facing elimination from the playoffs, down 14-10 against a very good Minnesota Vikings team. The Cowboys future...
The Statistical Recovery has Arrived This Time Is Different A Crisis of Confidence Greeks Bearing Gifts Biotech, Conversations and Babies "Our immersion in the details of crises that have arisen over the past eight centuries and in data on them has led us to conclude that the most commonly repeated...
IN THIS ISSUE: 3Q GDP Report - Was It Really Better Than Expected? What Else Was Missing in the 3Q GDP Report? Worker Productivity Surges to Six-Year High Latest Unemployment Numbers Not Encouraging Roubini - Too Many People Are "Short" the Dollar Introduction When the government announced...
Killing the Goose What Were We Thinking? Let's Play Turn It Around Detroit, the Red Sox and the Yankees, and Traveling Too Much Peggy Noonan, maybe the most gifted essayist of our time, wrote a few weeks ago about the vague concern that many of us have that the monster looming up ahead of us has...
IN THIS ISSUE: Economic Signs of Improvement Fed Vows to Keep Rates Low Market Comments from John P. Hussman, Ph.D. Conclusions Introduction We have seen some encouraging economic news in recent weeks, and President Obama and his cronies in the mainstream media have declared that the worst recession...
IN THIS ISSUE: Obama's Government Takeover Continues Editorial: "Too Big to Fail, Or Succeed" Americans More Concerned About Deficits Economy May Have Seen the Worst of It Conclusions Introduction The more I think about it, I believe that last week's E-Letter which revealed President...