THE REAL ECONOMY VS. THE PAPER ECONOMY The Real Economy . Oil at a record, rice too. Gold hitting $1000 an ounce, silver way up. Corn prices boosted by ethanol demand. Food riots in Haiti, Guatemala, Argentina and more. 24 countries dropping food import tariffs because they are seeing food shortages...
SCAPEGOAT BLAMING . Boy, am I’m getting tired of the carping! Day after day, article after article. All these writers seem to think there’s something to gain in blaming former Federal Reserve Chairman Alan Greenspan for the US housing bubble, the credit crisis, and in fact, all our problems. Listen,...
ECONOMIC VIEW . Three points to think on today: Lucy heard the term on “ stagflation ” on CNBC early Tuesday morning and asked me what it was. I replied that stagflation was when inflation was rising and problematic … and … the economy was almost at stall level or shrinking. And that it happened to the...