Hey, remember that pivot?
Didn’t happen. I guess it was a 360 pivot rather than a 180.
Continue reading →Category Archives: Finance and economics
The welfare state’s dirty little secret is out
And it’s simple: with low birth rates, the young end up working to support the old, and then the state is likely to run out of money before their time comes to benefit. It’s starting to happen all over the … Continue reading →
Bye-bye to the euro?
Are reports of the euro’s imminent demise greatly exaggerated? Or will we see its end in the not-too-distant future, because the life support system its richer members are trying to construct is doomed to failure? Jeff Randall thinks it’s the … Continue reading →
Churchill and the EU
Timothy Garton Ash says that Europe needs a new Churchill to add “dynamism” to the moribund EU: The European Union is still the world’s largest economy. It has enormous resources of hard and soft power, at present much bigger than … Continue reading →
Another domino theory: Europe and the global economy
There are frightening financial rumblings from Europe. It’s not just about Greece, either, nor even limited to Europe. The last few decades have intertwined the economies of the entire world more tightly than ever. This seemed like a good idea … Continue reading →
The 2010 US election: as Europe goes…
…so goes the 2010 US election?: …[I]t does appear to many that within the Obama administration and the Democratic congressional leadership there is the sentiment that America would be a better place if it were more to resemble Western Europe… … Continue reading →
Wall Street mystery
Do we yet have any idea what actually happened that day the market fell so precipitously? [NOTE: This guy says he knows why it happened. But to me, his explanation sounds like “it happened because it happened.” Why did it … Continue reading →
Jobs added, unemployment up
Seems like a oxymoron, no? But not really: Beyond government jobs, the report showed that the private sector created 231,000 jobs. Manufacturing continued to trend up, rising by 44,000. The industry, which is leading the economy’s recovery, has added 101,000 … Continue reading →
Venezuela and the failure of socialism
It’s no surprise that Hugo Chavez’s socialist state of Venezuela has fallen on hard times. They are well-deserved; Chavez had to work hard to achieve the decline in a nation that has rich natural resources on which to draw. The … Continue reading →
Obama and Sowell: who can tell when people have made enough money?
Remember Barack Obama, Joe the Plumber, and “spreading the wealth?” It seemed a surprising revelation at the time. But Obama’s income redistributive tendencies have become an old and familiar story, if hardly a ho-hum one. Now Obama has done it … Continue reading →
Will the Republican Charlie Browns…
…ever catch on to the Democrats’ Lucy and the football?
Continue reading →Feeding at the public sector trough…
…will bankrupt us. The powerful public sector unions have obtained unsustainable benefits for their retired members, and the bills are coming due.
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