China Embraces Gold In Advance Of Post-Dollar Era
Submitted by Koos Jansen via AllChinaReview.com,
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The Keynesian House Of Denial
Submitted by David Stockman via Contra Corner blog,
We use the term “Keynesian” loosely to stand for economic interventionists of all schools. The followers of JM Keynes and Milton Friedman alike fit that category. So do some of the more rabid supply siders who claim the power to stimulate ultra-high economic growth with the tools of tax policy alone.
The common denominator is economic statism. That is, the assumption that the state, including its central banking branch, is indispensable to economic progress and prosperity.
Paul Krugman Is Proof That To Be Successful Even As An “Objective” Academic You Must Serve The One Percent
Paul Krugman Is Proof That To Be Successful Even As An “Objective” Academic You Must Serve The One Percent
Edited Transcript of A Real News Network Interview With Michael Hudson and Bill Black
Pushed Too Far - The Inveitable Costs Of The "Perpetual Money Machine"
Excerpted from Doug Noland's Credit Bubble Bulletin,
Another unsettled week for global markets. Japan’s Nikkei equities index rallied 6.5%. Italian bank stocks surged 10%, with the Europe STOXX 600 Bank Index up 8.1%. Germany’s DAX equities index rallied 4.5%, with Spanish stocks up 5.0% and Italian 4.3%. Hong Kong's Hang Seng Financials index surged 5.9%. The EM market rally continued. U.S. bank stocks jumped 7.0%. A Friday evening Bloomberg headline: “Rough Week for Shorts as Banks Send S&P 500 to Four-Month High.”
The Tragedy Of America's Bull Market Culture
Submtted by C.Jay Engel via The Austrian View blog,
“Like champagne, bull markets remove inhibitions.” –James Grant