Daily Archives: June 4, 2009
“Huh?”…asked the terminator
June 2 (Bloomberg) — Imagine a novel of more than a thousand pages, published half a century ago. The author doesn’t have a talk-radio show and has been dead for 27 years. As for the storyline, it is beyond dated: … Continue reading
if you didn’t see it then…why should I believe that you see it now?
Given the almost monolithic failure on the part of economists to predict our present economic malaise, more than a few commentators have taken to asking why we rely on economists at all. Recent statements by economists Gregory Mankiw and Kenneth … Continue reading
Deficits & Inflation
Do Grinnells Have Seat Warmers? Wikipedia lists nearly 600 defunct American automobile manufacturers, many of which boasted the top innovations of their day. How would auto development have occurred if the government had nationalized each one, as they have now … Continue reading
indicators show the economy turning around…..but
The signs of a V-Shaped economic recovery are all around, for anyone willing to see. New claims for unemployment insurance have been trending down, despite unprecedented layoffs in the auto sector. Home sales have started to climb from the lows … Continue reading
As the markets move higher, the charts suggest that there’s still upside for stocks
LAST WEEK WAS PIVOTAL for the stock market as the major indexes ignored preliminary technical breakdowns and shrugged off bad news. Indeed, even for a bear such as me, the writing was on the wall as bearish reversal patterns changed … Continue reading
