If It Works, It Won’t
Saturday, 21 February 2009 | 1:48 pm
As the world ponders market interventionist bail outs and mass nationalizations we risk abandoning the free market which has created the prosperity of the last 100 years. Yet even the experts, and that champion of free markets himself Alan Greenspan advocates a temporary detour from free markets to save the current situation. The first priority
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Where is the S&P500 Going? An Unscientific Look.
Thursday, 19 February 2009 | 8:07 am
Measure with a micrometer, mark with a chalk, cut with an axe. So much for the scientific and quantitative analysis. I am going to simply eyeball a chart and draw a straight line through it. The chart in question is the S&P500 since 1928 to Feb 2009. I have plot it on a log scale and
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Fixing the US Banks. A Recipe For Disaster
Wednesday, 18 February 2009 | 3:38 pm
When a champion of the free market like Alan Greenspan starts to advocate the nationalization of banks, you know you are in trouble. Since we have his blessing, let’s cook up our very own Recipe For Disaster.
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Nationalization: A slight detour from the Free Market
Wednesday, 18 February 2009 | 3:22 pm
Certain industries simply need to be nationalized. But for different reasons. Industries such as the auto industry, which is dominated by a handful of large companies and which employ large numbers of people, need to be nationalized simply to stem the lay offs. These industries are no longer viable in size but an instantaneous downsizing
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Fixing the US Banks. A Recipe For Disaster.
Wednesday, 18 February 2009 | 1:18 pm
When a champion of the free market like Alan Greenspan starts to advocate the nationalization of banks, you know you are in trouble. Since we have his blessing, let’s cook up our very own Recipe For Disaster. 1. Create a bad bank. This entity will buy the non performing assets from the banks. 2. Create
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