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<p> The highest court in Germany will start "thinking" about the lawsuits tomorrows. This were initiated a year ago before the first money was transferred. Just imagine you know a defrauder, he is caught and one year "nothing" happens. That's the situation of the "greece...
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Addendum to Robert Murphy's Lecture (My 2 Cents) by Alex Merced This is just some comments to add my two cents to Robert Murphys Responses to Critics of Austrian Economics . Critic: How come unemployment wasn't the worst in the states that had the worst housing busts if it's a mal-investment...
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How do you read the Economy? by Alex Merced Many people always ask me, since I'm so critical about using any type of statistics to measure whether the economy is doing well or bad, how would I measure the performance of the economy? I wouldn't, while I believe some economic environments are better...
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I wonder if we see the last tries for the social-democratic parties? Just imagine the following two numbers: 8 700 000 000 000 14 000 000 000 000 That are the debts of the EU and the US. Both are currently riding on "experts" like Krugman, which say Inflation is not a problem I just suggest...
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I always believed and still believe that innovations that make our day to day tasks simpler and easier is the key to raising the standard of life. Although, in making investment more convenient we have sown the seeds of our own destruction. The primary deterrent to anyone saving or investing capital...
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Ok now it's "nearly" done the great Country Pontzi Scheme goes on. The EU will decide (whith high likliness) that 110 MRD new credits will be given to Greece. Germany alone has to "bear" 28 MRD. Interstingly enough the first number has been 8 MRD now within 14 days we get an 350...
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The Economy is Like a Balance Sheet by Alex Merced Everyone Company and Person has a balance sheet. The balance sheet is made up of two sides: One side has all the assets which is all the stuff the entity has ownership (control of) this can be cash, goods, intangiables, etc. More assets is better than...
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Being a first generation American I have an appreciation for the immigration issue and it's complexities. Although at the end of the day I feel that many of problems in immigration isn't immigration but the struggle over remaining resource in a economy that is getting weaker and weaker everyday...
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The Great Recession of 2011-2012 By Monty Pelerin , posted March 8th, 2010 http://www.economicnoise.com/2010/03/08/the-great-recession-of-2011-2012/ A lengthy article focuses on the problems ahead. It appeared in the February American Spectator .
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ObamaCare or Obama Care? By Monty Pelerin , posted March 6th, 2010 http://www.economicnoise.com/2010/03/06/obamacare-or-obama-care/ The title puts the sound of Obamacare into perspective. Orally, it is possible that the speaker means it either way. “Obama care” is the issue that Simon Johnson...
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This time it really gets miserably. The EU is considereing bailing-out Greece. How great is that, the one-eyed should lead the blind Greece is a nepotism, the current "helpers" are on their way to nepotism. Nepotism leads to bancruptcy and so we all are heading towards it. Anything learned...
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An intersting example of farsight of politicians. As some of you may know Greece, has terrible hard times with their deficits. some suggest that it has to be excluced from the EU currency area, however there are not provisions for such a case. And now the others are navigatint along a path which is against...
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I cite from: http://www.time.com/time/health/article/0,8599,1962294,00.html "That's in part because of global warming — hotter air can hold more moisture, so when a storm gathers it can unleash massive amounts of snow." Well it's not that dumb seeing alone, but seeing it together...
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http://crisismaven.wordpress.com/2010/02/08/bloom-of-doom-v-we-have-control-of-the-ship-we-have-a-plan/ Or maybe not? Is doomsday not that far away, the day the slavery through governement will end (for our "politicians")? I guess the answer will be we'll see utterly nonsensical laws. I...
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Wonderful Collection of Forecasts By Monty Pelerin , posted January 6th, 2010 http://www.economicnoise.com/2010/01/06/wonderful-collection-of-forecasts/ Below is a link to a wonderful collection of forecasts for the New Year from The Big Picture. It includes forecasts/commentary from Wall Street Banks...