Relevant and even prescient commentary on news, politics and the economy.

Call in today WKRS

http://www.extremewisdom.com/?p=1358 Any interest in putting it on the Bear? I’ll be doing a fill-in on someone else’s slot today from 3-5P CST atwww.wkrs.com. I’d love to have your readers call in. Bruno BehrendHost – Extreme Wisdom Radio ShowWeekdays 10 AM-Noon on 1220 WKRSwww.extremewisdom.comListen Live – http://1220wkrs.com/pages/93518.php

Real interest rates are negative

OSO tacks another tack: What’s up? Summary: Real negative interest rates rob people. The US has enduredfive periods of real negative interest rates since 1954 – two of whichhave occurred since 2002. It was the 2002-2005 period of negativeinterest rates which saw the expansion of the housing bubble. Now thatit has popped, is the current […]

Real interest rates are high

Global Economic Analysis makes a case for interest rates being high based on a different definition of a mainstream definition of increase in money supply and inflation. Mish uses a ‘basket of goods’ explanation and housing. Maybe someone can pick this up. Of course, Noni’s post makes a simpler statement but clear for non-experts.

Bruno says yes for Illinois

Bruno Behrend at WKRS updates us: Since we were last in contact, the campaign to get a Constitutional Convention in IL is basically consuming my life. I’ve gotten my first book out (co-written), and I’m working to get a “yes” vote to reform this horribly corrupt state. The reason I’m taking the time to tell […]

Palin’s military command experience

Notice the comments at the end of the video by CNN’s Campbell Brown. Palin has military command experience? McCain has reportedly cancelled Larry King Live and future CNN appearances. Anyone know anything?

Threads and fire engines

Main posters have the capacity to edit their own post threads, but will identify themselves when they do. Rdan’s little red fire engine will identify itself appropriately as well, so is not to blame for everything unless identified. Site owner id remains his.

Texas Railroad Commission

The Republicans actually have the audacity to have the Chairman of the Texas Railroad Commission as a speaker. I can not imagine a single institution in the US that is more anti-free market than the Texas Railroad Commission.

Trickle-Down in Action?

The Yahoo! headline says most of it: GMAC slashing workforce; reducing mortgage lending. I discussed the GMAC problems at Marginal Utility almost eighteen months ago. Things haven’t gotten much better since then. But some of the Mortgage Industry players have changed partners: Lender GMAC Financial Services said Wednesday it will close all of its 200 […]

The Paradoxes of Mr. Pond

G.K.Chesterton The Paradoxes of Mr Pond “The next man with whom Pond fell into any sort of conversation, in a cafe, was much more vigorous and vigilant, and belonged to a younger world. But he also was very serious; a dark, strenuous young man who was a Government official actually believing in the Government; or […]

Minimum wage and a regular citizen can create this

by Noni Mousa Hmmm. $13 per hour minimum wage? I am CERTAIN that those dollars wouldn’t go into savings — instead they would go into paying bills and buying stuff, probably more pricey stuff than dollar store gimcrackery. Certainly it appears to be hard on employers. But I wonder how much of this is a […]