via: Freedom 4um The “great hope” that has lifted asset prices and inflation expectations over the past week, sent the Dow Jones and the Russell to all time highs,
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“There is no work, to my knowledge, that establishes a link from QE to the ultimate goals of the Fed inflation and real economic activity. Indeed, casual evidence suggests that
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“Prior to Colonel Gaddafi, King Idris let Standard Oil essentially write Libya’s petroleum laws. Mr. Gaddafi put an end to all of that. Money from oil proceeds was deposited directly
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Obamanomics. WASHINGTON — The U.S. economy contracted at a worse pace than previously estimated in the first quarter, marking its sharpest pullback since the recession ended five years ago. Source:
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Source: David Stockmans Contra Corner In light of second quarter GDP’s imminent release and the explosion of commentary it will undoubtedly create, I thought it useful to promote a better
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Source: Lew Rockwell One of the evils of massive over-financialization is that it enables Wall Street to scalp vast “rents” from the Main Street economy. These zero sum extractions not only bloat the
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