Another of the Fed’s unintended consequences is the freezing of the very credit markets they are trying to stimulate.
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Stockman has a grasp of economic reality. Anderson has a grasp of Austrian economic theory. Together they have produced a simple yet unnerving view of the near future.
What can go wrong? The Fed and the FDIC and FHA and Fannie Mae are all there ready and willing to help. No problem. None that I can see.
When two smart fellas don’t know, and Bernanke doesn’t know, what will happen?
No doubt Maxine got an A in math. If she didn’t she should. At least under the new guidelines anyway.
Buffett’s investment strategy is simple: buy entire companies and hold them forever. Leave the managers alone to operate them and reward them handsomely when they are successful.
Great Britain’s economy is going into its third recession in four years? How could that be? Could it be something they’re doing that isn’t working?
Moody’s is more than a little late to this party. The UK’s spending on its welfare state programs continues apace, hastening the day when it ends altogether.
Higher taxes on the wealthy will hardly impact their lifestyles. The real impact will be on those who won’t be working at jobs that won’t be created, or enjoying the benefits of opportunities forgone.
The real world is about to disrupt standard Keynesian thinking. It’s about time.