Month: August 2013

August 5, 2013 0

Bernanke Wants 2% Inflation in a Deflationary World; Who Pays the Price?

By News Desk

PEW Social Trends research shows a Record 21.6 Million Young Adults Live in Their Parents’ Home Here are some clips from the fascinating PEW study. In 2012, 36% of the nation’s young adults ages 18 to 31 the so-called Millennial generation—were living in their parents’ home, according to a new Pew Research Center analysis of U.S

August 4, 2013 0

Climate Zork II

By News Desk

Eli Rabett Eli Rabett Eli Rabett is a not quite failed professorial techno-bunny, a chair election from retirement, at a wanna be research university that has a lot to be proud of but has swallowed the Kool-Aid. The students are naive but great and the administrators vary day-to-day between homicidal and delusional.

August 3, 2013 0

IMF "Baseline Scenario" Projects Spain Unemployment Will Remain Above 25% for 5 Years with Little Growth

By News Desk

I am normally critical of IMF forecasts, but their baseline unemployment projection for Spain of 25% or more with no more than .6% annual growth through 2017 seems reasonable. The pessimistic scenario is a toxic deleveraging downward spiral that continues right now. The optimistic scenario assumes 2% growth, but that scenario does not start until 2018, and only if labor reforms in Spain and Europe take place

August 3, 2013 0

‘Why a Robert Mugabe victory would be good for Zimbabwe’

By News Desk

President has proved critics at home and abroad wrong with bold policies now yielding economic freedom Robert Mugabe belongs to a dying breed of politicians on the African continent. Molded in the crucible of politics of nationalism, he emerges as the surviving face of African nationalism radicalised through armed resistance to settler colonialism.