24 November 2009
An Optimist’s Version of Apocalypse Now
An Optimist’s Version of Apocalypse Now Tuesday, November 24, 2009 John Rubino sees a financial apocalypse in our near future. For him, the catalyst that triggers the process is rising interest rates accompanied by a falling dollar. In his post entitled Long-Term Bonds and the End of Our World...
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24 November 2009
Algunas Consideraciones sobre el Conflicto Colombia Venezuela
por Gustavo Abello - Periodista - Barranquilla, Colombia Chávez no le tiene miedo ni a los estadounidenses, ni a Uribe, ni a un golpe de estado, ni a la prensa, ni a Vicky Dávila. Si algo tengo algo claro es que Chávez es un cobarde. Cada vez que alguien se le enfrenta pasa de león...
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24 November 2009
Cómo conquistar la pobreza
Por John Chamberlain. (Publicado el 5 de octubre de 2009) Traducido del inglés. El artículo original se encuentra aquí: http://mises.org/daily/3877 . [ The Freeman , 1973] El mensaje de The Conquest of Poverty, de Henry Hazlitt es que se debería haber ocupado de este asunto...
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24 November 2009
La Gran Depresión del siglo XIV
Por Murray N. Rothbard. (Publicado el 6 de noviembre de 2009) Traducido del inglés. El artículo original se encuentra aquí: http://mises.org/daily/3861 . [Este artículo está extraído de Historia del pensamiento económico, vol. 1, El pensamiento económico...
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24 November 2009
A View from the Trenches, November 24th 2009: "Introducing Thesis No. 3"
Please, click here to read this article in pdf format: www.sibileau.com The widespread impression that the US deficit will continue set all non-money assets on a rally yesterday. Gold reached $1,174/oz. As we said many, many times over, it is as simple as that. Interestingly enough, with the 10am announcement...
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23 November 2009
Enron was an Ethical Angel compared to our Government
Fannie Mae reports third quarter loss of $18.9 billion and requests another $15 billion in taxpayer funds. Another government enterprise comes back to the well for more, with no end in sight. Bloomberg has a summary of the results here . FNM was the organization that couldn’t do accounting properly...
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23 November 2009
Neo-Sexism and the Twilight of America
Twilight Eclipse . We've all heard about it by now. The Vampire love story by Stephanie Meyer as retold on the silver screen, smashing all records with a take of over $140 million on its opening weekend. And not only is it wooing middle school girls in bows and lipgloss, but apparently their silicon...
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23 November 2009
A View from the Trenches, November 23rd, 2009: "Rates, Keynes and Bayesian probability"
Although the past week did not seem to show a fair amount of important trading or direction, I think that it was a relevant week nevertheless. Monetary authorities and government have made it very clear, if there ever were any hesitations, that at least in the US the accommodating policies will stay...
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23 November 2009
Los libros de La casa de la pradera: Una crónica de una pionera
Por Robert M. Thornton. (Publicado el 23 de noviembre de 2009) Traducido del inglés. El artículo original se encuentra aquí: http://mises.org/daily/3875 . [The Freeman. 1972] Estos libros se publicaron por primera vez hace casi cuarenta años cuando Laura Ingalls Wilder estaba...
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23 November 2009
Why Obamanomics Will Not Improve The Economy
“The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.” Friedrich Hayek The economic programs and policies currently in place are truly astounding. I don’t think I have ever seen a more harmful economic environment...
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22 November 2009
Big Government Means Poorer People
“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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22 November 2009
Political Turnaround Specialists Needed
“We stand on the brink of a financial challenge of unprecedented magnitude in the history of this state,” he added. “This is a historic moment. We’re going to have to make historic decisions.” This language could have come from the most of the leaders of state and/or local...
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22 November 2009
Unemployment 12 - 13%
David Rosenberg posted on unemployment, estimating it going up to 12 – 13%, as measured by U3. It is currently 10.2%. Another rate, more reflective of actual unemployment is U6. It is currently at 17.5%. A third measurement, offered by John Williams at Shadowstats.com , comes in around 22%. (As...
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22 November 2009
Stocks Down About 80% from Peak
Stocks are off about 80% from their peak, at least as measured in ounces of gold. This chart shows the Dow priced in ounces of gold. Currently, it takes just under 10 ounces of gold to “buy” the Dow. Over time, this ratio has ranged from 1 to over 40. Some investors use this relationship...
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22 November 2009
Hyperinflation Redux
My recent post on the US Hyperinflation Coming ties in nicely with the note provided below by Chris Coyne. He quotes Beaulier and Boettke who argue (along with Adam Smith ) that facing up to our debt problems now is the proper course. In effect, they argue for the Zimbabwe solution now as opposed to...
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