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Many people perhaps dream of an executive position in a wealthy, well-to-do business. To manage and direct people! to be the boss. But few people are. The reason should be obvious: it takes a certain kind of skill and talent to successfully direct the fortunes of a business that captures a certain sector...
Posted to
Apropos Austrian Aphorisms
by
thedo
on
Thu, May 22 2008
Filed under:
Filed under: ron paul, government intervention, oil execs, airlines, excessive profits, Kathie Lee Gifford, skyway robbery, energy, inflation, The Today Show, foreign policy
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The Fed is being urged to be more aggressive in controlling future asset bubbles. Fed governor, Frederic Mishkin, gave a speech May 15th suggesting the Fed should use its regulatory powers "aggressively and pro-actively to limit the threat from future asset price bubbles." The Fed could eliminate...
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For spring break, I decided to go to Mexico again (and mind you, not to Cancun or any beach place like that), but since it was cheaper, I had to go through NYC. Anyways, I visited the Museum of American Finance in NYC (as recommended by Dr. Tucker ) and the Museo Interactico de Economica in Mexico City...
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The New York Times has an article titled For Bernanke, a Question of Toughness . Here is an excerpt: Is the Federal Reserve’s chairman, Ben S. Bernanke, too nice for the job? That’s the view of many on Wall Street, who argue that with the stock market falling, unemployment rising and the economy flirting...
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CNN/Money reports: Venezuela launched a new currency with the new year, lopping off three zeros from denominations in a bid to simplify finances and boost confidence in a money that has been losing value due to high inflation... "We're ending a historical cycle of ... instability in prices,"...
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In this article from Fortune, the author tries to make the case that you don't know you're in a recession until months after it starts. The author writes: Investing successfully is about looking ahead, while determining whether we're in a recession involves looking behind. Way behind. We...
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From CNNMoney : European Central Bank president Jean-Claude Trichet warned Wednesday that the euro area's inflation surge was likely to last longer than expected - a remark suggesting the bank will stick to its tough stance on interest rates even amid the subprime crisis. Trichet repeated that the...
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CNN/Money reports : "One day after disappointing Wall Street with a quarter-point rate cut, the Federal Reserve announced a plan to inject billions of dollars into the financial system." The fact that the Fed is working together with central banks from around the world indicates that the situation...
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Banking system has not always been like it is now. This is perhaps no surprise. However the fact that it seems now to be more sophisticated does not necessarily signifies progress. In fact it’s something else. What do we really know about banks? In the previous part there has been considered an initial...
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I found a very interesting article today that I feel contains a good analysis of the US current economic situation http://www.realclearpolitics.com/articles/2007/11/the_crash_of_2008.html The author correctly analyzes the situation right, but I completely disagree with him when he says that the failing...
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Banking system has not always been like it is now. This is perhaps no surprise. However the fact that it seems now to be more sophisticated does not necessarily signifies progress. In fact it’s something else. What do we really know about banks? This article is also available in Spanish in the translation...
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Just stumbled upon this article on Yahoo! News... Somalia was named and shamed Tuesday as the worst-governed country in sub-Saharan Africa in a survey of political performance across the continent... The foundation uses those measures to rank countries on five factors: safety and security; rule of law...