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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
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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NewPopulationBomb 