Why The Rich Deserve More

An Economy Driven By Rich People? Imagine a world in which those who work — or try to work— are given mere scraps. Imagine an economy that is driven purely by speculation by the wealthy, the gains of which are then spent in high-end stores, the source of employment for those lucky enough to have… Continue reading Why The Rich Deserve More

Priceactionlab Bad Analysis

Wrong again Thus, I am not too optimistic about the future of this market if the geopolitical conflict is not resolved fast and financial conditions do not start to improve, especially as far as putting an end to an accelerating wealth inequality Thanks, pert, for listing the two exact things Wall St. DOESN’T care about.… Continue reading Priceactionlab Bad Analysis

Speaking Too Soon Again

Everyone does it – speaking too soon, calling the top too early, predicting a bubble or crisis where none exists, etc. Josh Brown is the latest. Let’s see…on the very week he wrote this blog post, Air B&B secured a funding at a mind-blowing $10 billion valuation. So I guess the bursting of the rich… Continue reading Speaking Too Soon Again

More Evidence Bigger is Better

More evidence big business, not small business, is the driver of the U.S. economy : American Dream Peddlers Lax federal oversight allowed lenders to repeatedly make bad loans to small businesses under a government program that has cost taxpayers $1.3 billion since 2000 on defaulted loans, a Dayton Daily News investigation found. Since the beginning… Continue reading More Evidence Bigger is Better

IQ and SAT Scores as a Solution to the Student Loan Crisis

From the WSJ: Job Hunting? Dig Up Those Old SAT Scores In the smartist era -an era of perpetually rising stocks, of a hyper-meritocracy, of hyper-globalization, of hyper-capitalism, of super-productivity and super-efficiency- never before have the economic premiums of being smart been so great, or the disadvantages of being average been so grave and intractable.… Continue reading IQ and SAT Scores as a Solution to the Student Loan Crisis

A Case Against Secular Stagnation

The secular stagnation theory has gained a lot of attention in the past few years. From Wikipedia: Economists have asked whether the low economic growth rate in the developed world leading up to and following the subprime mortgage crisis of 2007-2008 was due to secular stagnation. For example, economist Paul Krugman wrote in September 2013:… Continue reading A Case Against Secular Stagnation

In Praise of the Contrarian Blogging Movement

As we explain in the intro page, the contrarian blogging movement gained momentum following the financial crisis and the election of Obama in retaliation to the perceived incompetence and political correctness of the prevailing political and media hegemony. Contrarian blogging and journalism covers the entire political spectrum and consists of a combination of a rejection… Continue reading In Praise of the Contrarian Blogging Movement