‘Interesting Links’ Category
Very well, it’s all China’s fault
After accusing China being responsible for the housing bubble, Bear Stearns, Lehman Brother, Merrill Lynch, AIG, Goldman Sachs, Bernie Madoff and the Fed’s stinking balance sheet, Fed Chairman Bernanke now says China is the reason why the U.S. has almost double-digit unemployment, distressed housing prices, unAmerican consumers and unacceptably low inflation. Keep it up, Ben!
The Wicked Economist
In its new cover story, the outdated British newspaper THE ECONOMIST produced the same old BS it has been manufacturing since the Cold War. Xi Jinping is not an emperor, and the Chinese people are not serfs or slaves. As much as you wish it so, the CCP has little to do with Communism. Presidential [...]
The Achilles’ Heel of Economics
is that this is a study that has little forecasting power. Theories are formulated post-fact. According to the classic economics theory, quantitative easing should lead inflation to go up and the country’s currency to depreciate in value. Though that is certainly not the case in the 21 century globalized economy we are in today. US [...]
Mr. T’s Bling Bling
Always wondered what kind a conversation it would be when the two extremes meet:
Meredith Whitney Watch
For people who make a living by offering predictions, it is worthwhile to track how well their crystal ball work on the long-term. The famous once-analyst Meredith Whitney is currently forecasting impending crisis for the 50 states in the U.S. “Crippling debts and deficits are about to make individual states the next casualty of the [...]
Brilliant Mundell Talks about the Euro and RMB
with Bloomberg.
Google’s Being Evil…And Irrational
After sleeping with the devil (read: Chinese government) for a number of years, Google woke up one day and decided it had enough. “I’m going to leave you now,” said Google. “The world knows you are evil. And you see, my philosophy is ‘Don’t Be Evil.” Thanks for the &^%&*(&…Hey, it was never good, you [...]
Obama Is Not An Economist
Sometimes you find a glimpse of humor in dreary Bloomberg stories: Keeping the yuan pegged to the dollar has been “a great source of stability” for China and the world, the Columbia University professor told reporters in Hong Kong today. While U.S. President Barack Obama welcomed the move, “he is not an economist,” Mundell said.
