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2010 Will Be Worse By Monty Pelerin , posted January 5th, 2010 http://www.economicnoise.com/2010/01/05/2010-will-be-worse/ Four Horsemen of the Apocalypse Despite the rising stock market, virtually everything else continues to deteriorate in the economy. An earlier post dealt with this anomaly. There...
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Rosenberg is Right-On, Again By Monty Pelerin , posted January 4th, 2010 http://www.economicnoise.com/2010/01/04/rosenberg-is-right-on-again/ Image via Wikipedia Rosenberg is Right-On. Here is his daily email with links to the full piece. The only part that I might take issue with is his contrarian play...
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Ponzi Scheme Unravels By Monty Pelerin , posted December 25th, 2009 http://www.economicnoise.com/2009/12/25/wake-up-santa-is-not-real/ What the Economy Needs “… all Ponzi schemes eventually fail under their own weight. The US debt scheme is no different.” Sprott Asset Management Belief...
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Burning The Furniture and Eating The Seed Corn To Survive By Monty Pelerin , posted December 8th, 2009 http://www.economicnoise.com/2009/12/08/burning-the-furniture-and-eating-the-seed-corn-to-survive/ The public has not yet reached the point indicated in the title. The government reached it years ago...
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By Monty Pelerin , posted December 4th, 2009 http://www.economicnoise.com/2009/12/04/economic-summit-insult-to-the-intelligence-of-citizens-or-revelation-of-obamas/ Any Econ 101 student would flunk the course if he showed the aptitude of this Administration regarding basic economics. It is likely most...
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By Monty Pelerin , posted December 3rd, 2009 http://www.economicnoise.com/2009/12/03/jimmy-stewart-wouldnt-run-these-banks/ Frank Capra’s George Bailey of Bailey Savings and Loan would surely not recognize our banking system or its accounting. However, Mr. Potter, George’s evil competitor...
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Thu, Dec 3 2009
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Filed under: economy, politics, financial system, Government, economics, morality, ethics, insolvency, bankruptcy, credibility, integrity, failing
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“By one measure, the government already plays an outsize role in our so-called free-market economy —and it has little to do with the recession. Economist Gary Shilling has calculated that 58 percent of the population is dependent on the government for “major parts of their income”...
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Highly recommend The King Canute Economy: Governments’ Futile Attempt to Stem the Tide to understand what is happening in our country and around the world. “In the legend of King Canute on the sea shore, it is popularly represented that King Canute was so arrogant that he actually sought...
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Finally. someone is courageous enough to say what everyone else is thinking . There is little doubt that many other companies feel the same way and are taking the same actions as David Farr , Emerson Electric ’s CEO. They choose to keep low profiles by not standing up and speaking out. Not so Farr...
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An earlier version of this article appeared on American Thinker . This version appeared on my site, Monty Pelerin's World . Dr. Alan Blinder , Professor of Economics at Princeton and former vice chairman of the Federal Reserve Board (amongst many other prestigious accomplishments), had an editorial...
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Looking back at my childhood in communist Romania I remember the respect towards authority that was instilled in all of us. Yes, I grew up in a system where the authority was always above everyone else, they were never wrong no matter the circumstance and we had the right to keep our mouth shut and never...
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The Michigan state legislature has avoided another shutdown of the state government by passing a budget resolution that gives them another month to craft a budget that meets the needs of the state. The Republicans are holding firm on not raising taxes while cutting a lot of the social programs that have...
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I loved HALO. The original game. Even with XBox Live, neither HALO 2 nor HALO 3 captured the essence of the original game feel. Not only was it a great game, but it had a great soundtrack. I still listen to the album when driving from time to time. One of the best songs on the HALO soundtrack is The...
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I was looking over my posts the other day and said to myself, "Futbol Guru, you sure have become cynical." So I've been thinking about my attitude and trying to decide if I'm being fair or if I've gotten into a rut. Well it's always possible to focus on doom and gloom. My lovely...
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The defense budget of the United States is the largest on the planet. Our nation pours massive resources into improving, modernizing, and keeping our fighting forces the best trained and best equipped in the world. While it is foolish to assume that we should win every battle because of this, or that...