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Tag Archives: Uncategorized

No Justice, No Peace

These days I’m often reminded of this paragraph from what I think is Glenn Greenwald’s best book: “Those with political and financial clout are routinely allowed to break the law with no legal repercussions whatsoever. Often they need not even exploit their access to superior lawyers because they don’t see the inside of a courtroom […]

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Draghi Says ECB’s Bond-Buying Plan Working Better Than Expected (Really Mario?)

(Bloomberg) — Mario Draghi said the European Central Bank’s quantitative-easing program is working better than expected, even though the institution will take longer than intended to reach its inflation goal. “We are satisfied with QE, as it has met and even surpassed our initial expectations,” the ECB president said in an interview with Greece’s Kathimerini […]

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Bartenders And Wait Staff Dominate Jobs Added, Manufacturing Jobs Decline (Fed’s Fischer See No Bubbles)

A government shutdown would force Congress to address fiscal issues before they reach unmanageable levels, a former Reagan administration official contended Wednesday. “We’re on the fiscal Titanic and we’re going to hit something hard and immovable one of these days,” said David Stockman, director of the Office of Management and Budget from 1981 to 1985,… Read on→

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Thomas Woodrow Wilson Obama——Another Presidential Liar To The World

A government shutdown would force Congress to address fiscal issues before they reach unmanageable levels, a former Reagan administration official contended Wednesday. “We’re on the fiscal Titanic and we’re going to hit something hard and immovable one of these days,” said David Stockman, director of the Office of Management and Budget from 1981 to 1985,… Read on→

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Efficient Malpractice

Take the notion of the efficient market. What does that mean? Today, hordes of people are coming out of economics and finance majors believing an absurdity. Yes, I said absurdity. They think that, if the market is efficient, it’s impossible to beat the average investor. This is based on the premise that stock prices (or commodity prices, bond prices, etc.) always incorporate all relevant information. This means that it’s impossible to know something that others don’t know. If that were...

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Open Borders True and False

This has been the summer of immigration. And it’s not a good thing. The violence in Syria alone has caused millions of people to seek refuge in Europe. And Europe, in old fashioned style, is trying its very hardest to turn them away. I don’t buy that I am responsible for what my fellow nationals do or say. Nevertheless, I am embarrassed. When I tell people I am in favor of open borders, they often bring up cases like this. But what, they snicker, about things like the European refugee...

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