Category Archives: Uncategorized

Sorry for the long absence — blogging will return May 20.  

Here is a quote from Turkey’s finance minister, regarding their plans to improve education in that country (from THE GLOBALIST).  He is discussing what he sees as the critical issue — bringing the quality of education in the poorest and … Continue reading →

As I am flying out of Madrid today, security is unusually tight — they are running a marathon in the city, and marathons are now high-risk events. The news is usually consumed with details of the Boston bombers and the aftermath.  … Continue reading →

Confronted with the news that the Russians asked the US to look into possible violent activities by Tamerlan Tsarnaev, the elder Boston bomber, you might wonder why he was able to wreak havoc in Boston. The answer is the same … Continue reading →

I lived in Boston for eight years from 1973 to 1981.  It is horrifying to see what happened, even more so on streets I regularly walked, and on a day that Bostonians have always taken as a day of celebration … Continue reading →

Those aren’t my words — they come from a NY Times story this morning: China’s growth is a bit LESS than this time last year. The drop is, of itself, not alarming — but that it comes after a year of effort … Continue reading →

The news this week was good — U.S. national wealth had returned to pre-recession levels. Or was it? Pry into the details and it turns out that wealth in housing — which affects most middle class people (the poor have … Continue reading →

The Dow is setting a record high — and that is rational for two reasons. First, the global middle class is growing fast and will add $3 trillion in new consumption over the next forty years.  Second, corporate profits continue … Continue reading →

Today, I post in its entirely a blog by Julian Lindley-French. I have sometimes had guest bloggers, but I don’t usually reprint entire blogs. But in this case, Julian says things better than I could! 25 February. Italy has gone … Continue reading →

This blog has been reminding people that, despite the irrational exuberance of the stock markets, buoyed by corporations taking axes to their labor costs and faith in the Fed and ECB, underlying growth remains terribly weak. How weak was seen … Continue reading →