Jim Rogers : The faster numbers will be in economies that are well managed and that have commodities because commodities are in a bull market. Indonesia is doing much better this decade than it did in the 1990s because there was a commodity bear market in those days. Australia is going to do better than Belgium. […]
Tag: Economy
There was a ton of press about the horrors of JP Morgan about 2B in losses but here is California misunderestimating their budget shortfalls by 7B in the last 4 minutes California’s budget deficit has swelled to $16 billion after tax collections trailed projections amid the tepid economic recovery, Governor Jerry Brown said in a comment on […]
Obama: killer of jobs
Here are two perspectives: Obama’s record on job creation: The current occupant of the White House claims to know how to create jobs. He claims jobs have been created. But so far the score is Great Obama Depression 2.2 million lost jobs, Obama 0 — a blowout. The always perceptive Ambrose Evans-Pritchard on the feeling […]
US will soon be unable to rely on the kindness of strangers
The rest of the world will apply the fiscal discipline to us that we can’t develop on our own. eventually people get tired of giving the drunk money, and he either gets clean out of necessity or turns to a life of crime. Higher taxes, or reduced federal benefits and services – or a combination […]
Holding auditions for the role of Nero in our latest farce
The verdict is finally in and it is clear that the Socialists have won this round in the battle for our economic future. Despite decades of rhetoric to the contrary, when push came to shove, leaders of both parties revealed their true colors by mortgaging our future and the future of our children for the sake […]