Economic Growth – is it possible?
A lot of debate currently going on reducing the deficit and it is being shown as a problem that is orthogonal to economic growth, which…
Economy
Jesse’s Take is Identical to Mine (Or, is it the other Way Round?)
First, futures update: Dow futures are down 289 and S&P futures are down about 32. I would say, it is not as bad as many…
McGraw-Hill vs. Goldman: The Redux
On April 18th, I posted this note about Goldman’s take on S&P’s outlook change on US debt. There is a saying in Telugu, “dongalu dongalu…
S & P Downgrades US Debt. Now What?
On Friday, Aug 5 2011 at 8:01 PM when all financial markets (ex ForEx) in all western countries have closed for trading, Standard and Poor’s…
Uh, Oh. This Can’t be Good, if True!
Sorry to spoil your morning. CNBC’s Larry Kudlow tweeted this last night. Bank runs in Italy. This cannot be good.
Debt Burden of Nations
As I mentioned several times, India with only 128% of debt burden (sovereign + consumer debt) and huge population, is the right place to be…
Product Driven vs. ‘Driven’ Driven Economy
Yes, it is not a typo that you see ‘Driven Driven’ in the title. What is the ailment of the current economy and…
The Real Reason for Economic Drag: Huge Drop in Consumer Spending
The American economy is 2/3rd consumer spending. In the 1990, cheap credit boosted consumer spending via revolving. In the 2000s, the meteoric rise in home…
New York Mag: Obama’s Original Sin
“The president’s failure to demand a reckoning from the moneyed interests who brought the economy down has cursed his first term, and could prevent a…
Barry Ritholtz: Not the Greeks, But Their Creditors Get Bailed Out
Says Barry: Ahhh, the Greeks! Long considered the cradle of Western civilization, Greece is the birthplace of democracy, the founders of Western philosophical thought. The…
Greek Austerity Now: Bankster Cartel’s Another Victory Over the People
Once again, the bankster cartel wins. The Greek Parliament just voted for more austerity measures. Don’t get me wrong, austerity is a good thing. It…
What Brings a Revolution? Can it Happen in US?
I began writing this piece In February 2011, during the revolution in Egypt. Everybody who is following the current turmoil in Greece or who had…
Give the Banks What they Want, or there Will be “Tanks In The Streets, Mass Suicides”
This via Zero-Hedge With just days left until the crucial vote on passing the Greek mid-term austerity package, the assured destruction rhetoric used by the…
Lies are Lies – in English or in Greek
A little over a year ago the pronouncement that Greek was rescued from the brink was a big fat Greek lie. Anybody who paid a…
Watch the Cult Leader
Mohan garu calls Yaron Brook the leader of a cult. Watch him debate on the role of government. You may disagree with Yaron, but can’t…