Monthly Archives: February 2014

A New Bubble?

What are the signs of a bubble? After a 30% rise in the S&P last year, without any huge surge of economic growth in the US or Europe and slowdowns in China, Brazil, and other major economies, one might expect … Continue reading

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Angry protests of the Middle Classes

Bosnia, Thailand, Ukraine, Venezuala: Troubled Transitions of the Angry Middle Class “He’s run away himself, his guards have run away, his personnel have scattered. A sad end for a president.” – Tweet by Alexei Pushkov, head of the Russian Duma’s … Continue reading

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So glad for so little

So this is what is has come to: anything other than outright recession is cause for rejoicing! Here is one triumphant quote: “The eurozone’s recovery has moved up a gear,” said Chris Williamson, chief economist of Markit. “Not only has … Continue reading

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A magical place

The picture above, of a large village on an otherwise barren sand-spit, is Dubai as it was roughly when I was born, in the early 1950s.  As you can see, there is not much there.  At that point, the United … Continue reading

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And the jobs report is …. (ugh, don’t ask)

As I expected, the jobs report released by the BLS today was terrible — at least terrible for those clinging to the belief that America’s economy is roaring back, and not great either for workers seeking jobs.  Yes, unemployment went … Continue reading

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