I can not help but wonder if Friedman takes delight in the predicament of the Young and Baby Boomers as he writes about Druckenmiller excursions on to college campuses . I envision a bit of Schadenfreude as evidenced by his choice of titles for his latest column. October 15, 2013, Tom Friedman writes in the […]
by Dale Coberly TOM FRIEDMAN LIES THROUGH HIS GREAT BIG TEETH TELLS KIDS “KILL GRANDMA” You see, the Wolf (his friends call him Tom) had no reason to disguise himself as Grandmother. He had already met Little Red Riding Hood and talked to her like a friend. She saw him as the nice man in […]
One thing that several people have requested (including Mrs. Rdan) is more easily read material more accessible to non-finance readers, or with our AB audience also people well versed in finance and macro, without dumbing down the issues into ideas that have no context nor links to what actually happens in the world. We […]
Lifted from reader rjs’s newsletter when comparing the Ryan outline and the Dem budget issues to be resolved: but this year, like each of the past three, that budget responsibility was again shirked, leaving us with government by “continuing resolution” which has resulted in as many as seven such short term funding bills in one […]
I just want to pass along a great show by the Renegade Economist, which is its pilot show in the United Kingdom. If we only had a show like this in the United States.
Damon Silvers appears to have his wheels on correctly answering two CNN talking heads on their version of Social Security. Kelly Evans: “Of course people want to make sure that our citizens are taken care of. But that’s almost not the point.” (It’s not?) Evans proceeds to assail Silvers and the AFL-CIO for refusing to […]
This post continues the exploration into the Cobra equation, which measures the profitability of utilizing labor and capital as a function of labor share. Now it looks as though the Cobra equation is implying a natural rate of unemployment. The simplified Cobra equation is now… Measure of profitability in the aggregate = (x + y) […]
Joe Scarborough just wrote Republicans were licking their wounds around this time last year after being blindsided by a presidential election whose outcome they should have seen coming a mile away. But ignorance was bliss as conservative politicians and talkers pushed bogus polls and political fairy tales to angry voters who were once again on […]
In the morning I posted about the Cobra equation and included some graphs using past data. The graphs showed how capital utilization and employment of labor would increase up to the profit maximization line and then fall back into a recession. But I did not include a graph for the years before the 2001 recession, […]
The new Global Wealth Report and Global Wealth Databook from Credit Suisse were released last week. According to the Report (p. 3), Global wealth has reached a new all-time high of USD 241 trillion, up 4.9% since last year and 68% since 2003, with the USA accounting for 72% of the latest increase. Average [mean] […]