Brilliant economists agree with me, we’re screwed:The Man Who Called the Last Two Bubbles doesn’t blur his opinions. He believes the United States is stuck in a period of plodding growth that will end only with either a massive stimulus program or a …
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RedBedHead: When The Ex-Mossad Chief Thinks You’re Crazy…
This article in the New York Times is interesting. The recently retired head of the Israeli Mossad (i.e. CIA) is using his newfound civilian freedoms to run around and say that Prime Minister Netanyahu and Defence Minister Ehud Barak are, basically, f*…
Continue readingRedBedHead: Today’s U.S. Economic News: This Parrot Is Dead
The jobs report is out and like all of the other economic indicators, it shows that the US economy is going nowhere fast. The whole of this year has been about watching the optimism that started the year turn sour bit by bit as the remaining effects fr…
Continue readingRedBedHead: Cold Fusion Zombie Returns From The Grave Eats Fossil Fuel Capitalists’ Brains Then Solves World Energy Problems
I’ve been following this story in the geek-singularity press for a little while about the development of a new form of cold fusion out of Italy that is, apparently, on the verge of commercialization. Cold fusion, you may remember, had a brief and humil…
Continue readingRedBedHead: The Tories’ Bankrupt Brains
“I see, said the blind man to the deaf dog, who wasn’t listening anyway” is a phrase that comes to mind reading reports of federal Finance Minister Jim Flaherty’s press conference on the economy. Generally speaking we expect governments to do more to s…
Continue readingRedBedHead: The Return Of Stagflation?
Those of us around in the 1970s will remember the term stagflation – a combination of economic stagnation and inflation that created a conundrum for bourgeois economists: do you move to rein in inflation by tightening credit and imposing wage and price…
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