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Monthly Archives: February 2009
Angry White Men P II: stock boys gone wild
This is just bizzaro land. The government is to blame because the markets got it so wrong?
Posted in Free Markets, Propaganda
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Angry White Men I: Fox News pushes Sedition and Civil War
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
Posted in Propaganda
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And finally an Economist hits it right on the head
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
Posted in Neoclassical, Neoliberalism, Price Mechanism
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The Sword of Damocles hangs over their head
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.
Reading Capital with David Harvey
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
Posted in random commentary
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Carney goes all in: “We dont do spin”
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
Economic Forecasts: Roubini makes the Bear’s Case
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
Mr. Gardner you got some splainin’ to do
Over at the Ottawa Citizen there is worthwhile attempt to keep the economy in perspective. The watch phrase seems to be “do not panic.” The implicit premise being that panic is driving bogus assessments of the extent of the turmoil … Continue reading
Posted in economic crisis, Neoliberalism, unemployment
Tagged Canadian Economy, Capitalism, Neoliberalism, Stats Can, unemployment
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What is making laugh on Friday Night: Robot fantasies
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 →