Thanks to an old friend from high school (thanks John!), I have found another source of great economic information. This is not easy, as much that is out there is very "surface" and many economists that are in the employ of large financial institutions or the government have a vested interest in not digging deeper, especially if the truth that lies underneath the headlines is hard to stomach.
Mr. Keen seems an exception to this. He has done rigorous analysis on the very questions I have been pondering, such as how GDP has been debt driven for the past decade or so, and what the effects of that on future growth (or contraction in this case) will be.
One of the things I do on this blog is try to make economics understandable to the regular person out there, so I tend to use simpler language and not too much empirical data.
However, if you want the data to back up what I have been saying...you can get it on Keen's site.
http://www.debtdeflation.com/blogs
Happy reading!
Thursday, September 9, 2010
Tuesday, September 7, 2010
I Love Art Cashin
Not LOVE, love, like I love my husband, I mean I love watching him on CNBC.
He is so classy, but doesn't act arrogant like so many of the younger, "slick" traders who haven't been through near what he has.
Also, he is right often, and this clip is no exception. (although I would say 10-15 years, not 7) He is able to see the big picture, and is refreshingly honest.
He is so classy, but doesn't act arrogant like so many of the younger, "slick" traders who haven't been through near what he has.
Also, he is right often, and this clip is no exception. (although I would say 10-15 years, not 7) He is able to see the big picture, and is refreshingly honest.
Rise of Religious Extremeism?
I have been very critical of radical, or extremist Islam. I am going to rant a bit here, but first read this:
http://www.cnn.com/2010/US/09/07/florida.quran.burning/index.html?hpt=T2
Burning the Koran is a TERRIBLE idea. It is hateful, wrong, and just plain stupid. Why on Earth would anyone do such a thing?
Hating others only increases the hate in the world.
You do not fight hate with hate. Extremist "Christians" are just as crazy as extremist Muslims. By extremist I mean those who interpret religious text literally and use the words they find in these text to justify violence against others.
I mean really, at this stage in human evolution haven't we figured out that physically harming our fellow man is wrong?
Are these the same "Christians" that justify beating their children with the "spare the rod spoil the child" thing?
Maybe the reason they are not taking a reasoned approach to countering the ideas of Islamic extremists is that they have much in common. I mean, they both justify violence and hateful acts based on the ancient texts they read. They both think their way is the only way, and envision a world in which everybody believes and does exactly the same things they do.
Do they have a first amendment right to burn whatever they want? Absolutely. Does this make it right? Absolutely not. Sounds like a debate over a certain building being erected in lower Manhattan, doesn't it?
http://www.cnn.com/2010/US/09/07/florida.quran.burning/index.html?hpt=T2
Burning the Koran is a TERRIBLE idea. It is hateful, wrong, and just plain stupid. Why on Earth would anyone do such a thing?
Hating others only increases the hate in the world.
You do not fight hate with hate. Extremist "Christians" are just as crazy as extremist Muslims. By extremist I mean those who interpret religious text literally and use the words they find in these text to justify violence against others.
I mean really, at this stage in human evolution haven't we figured out that physically harming our fellow man is wrong?
Are these the same "Christians" that justify beating their children with the "spare the rod spoil the child" thing?
Maybe the reason they are not taking a reasoned approach to countering the ideas of Islamic extremists is that they have much in common. I mean, they both justify violence and hateful acts based on the ancient texts they read. They both think their way is the only way, and envision a world in which everybody believes and does exactly the same things they do.
Do they have a first amendment right to burn whatever they want? Absolutely. Does this make it right? Absolutely not. Sounds like a debate over a certain building being erected in lower Manhattan, doesn't it?
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