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Monthly Archives: February 2009
Man I wish I could get a Carnegie Melon sponsorship to talk about bullshit extrapolations. Jeesh you would have thought econometric modeling based on the past trend rate of growth to make a prediction about the future trend rate of … Continue reading
This is just bizzaro land. The government is to blame because the markets got it so wrong?
I had no idea that in the US private media was able to openly advocate sedition and civil war. I had to laugh when the number two indicator of tyranny was wait for it: “All banks have been nationalized.” This … Continue reading
Robert Waldmann over at Angry Bear hits the ball right out of the park with “Price Revelation” is Mysticism. The post covers so much ground with implications so counter to the grain (too bad he does not take them beyond … Continue reading
Well they may not use the word but they are on the train to, de-facto, doing so. Nationalization of the Big American banks. Discuss amongst yourselves.
Like most of the classic tombs *tomes* in philosophy, and later political economy and sociology Capital is a challenging read. One must have some background in philosophy and some background in classical economics to even begin to penetrate this text. … Continue reading
Then In the Bank’s January Monetary Policy Report Update, we projected that global economic growth will be tepid this year – just 1.1 per cent – before rebounding mildly to a below-trend rate of 3.7 per cent in 2010. Now … Continue reading
There are lots of rosy forecasts flirting around predicting a quick turnaround in the Canadian economy. They all rely on some notion that global effective demand is going to raise commodity prices and thus restore growth in Canada. So much … Continue reading