“Buy this because it is extraordinarily cheap. The owner must sell right now because…” This is the opening line of a thousand confidence games. Stories told by well-dressed, smooth-talking grifters. Like many of those sent out to sell the Paulson Plan (which is not dead, as Congress will certainly reconsider some form of it later this …
Summary:  The government’s solutions to our financial crisis is creeping nationalization, as becomes more obvious wth every new step. This is history in the making, a major change in America.’s economic system — biggest since the New Deal — taking place with little public debate or consideration of the long-term effects.  That this happens during an election, …
Treasury Secretary Paulson leads us across the Rubicon Read More »
History shows the difficulty of predicting the short-term path of economic or political events. However, we can often see the medium-term with greater clarity. In January 1942 none could forecast the events of the next 44 months, but it did not take an expert to see that the US would defeat Japan. So it is with the …
A happy ending to the current economic recession Read More »
