off topic economics

In case some of you are still not too bored about economic discussion, here is a very good article about how we got into the mess we are in. The combination of low interest rates, outsourcing, and deficit spending both in government and industry has created a witches brew that is expected to

Re: off topic economics

Thanks Ed for posting the Bill Bonner writing on Greenspan. Don Rumsfield recently commented on the US Govt debt.. saying.. " deficits don't matter". He is correct.. they don't matter anymore! Anybody that don't see the huge chasm in the middle of the road about June of this year

RE: off topic economics

I find it particularly disturbing whenever I read something like this: Our own Fed chairman, guardian of the nation's money...custodian of its economy...night watchman of its wealth... How could he do such a thing? And yet he has done it. He turned a financial bubble into an economic