Not pretty scenarios. Government spending has thrown free market mechanism’s into distortion and disarray. So it should shape up to be an interesting year.
There are various takes on how everything will pan out. The MSM (main-stream media) paints everything as a rosy picture: we’re coming out of the recession and things will only get better, [...]
Posts Tagged ‘Mish’
Economic Predictions for 2010
Hussman: Fed Engaging in Unconstitutional Abuse of Power
Excerpt from this article found on Mish’s blog:
The policy of the Fed and Treasury amounts to little more than obligating the public to defend the bondholders of mismanaged financial companies, and to absorb losses that should have been borne by irresponsible lenders. From my perspective, this is nothing short of an unconstitutional abuse of power, [...]
They Blinded Us, With “Science”
Pertaining to the hacked servers (possibly the hack/leak of the century IMO) at the University of East Anglia’s Climate Research Unit, in which many many emails and files were obtained and distributed around the internet, is this from the Wall Street Journal:
“This is horrible,” said Pat Michaels, a climate scientist at the Cato Institute in [...]
Discussion of a Financial Coup D’Etat on our Economy … on PBS
http://www.pbs.org/moyers/journal/10092009/watch.html
(For the record, I do not necessarily agree with every view in this interview. As far as Moore is concerned, I agree with him concerning the assessment of the problems, that bankers (though I would add the government intertwined with the bankers) have created the problems. But I do not agree with his assessment that [...]
Dumping the Dollar in the Middle East, Russia, China, Japan, and France?
From the Independent: The demise of the dollar:
“In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and [...]
