Hard hitting global and local news
With the Fed forcing interest rates low, commercial and industrial lending has picked up. That may sound like a good thing, but is it? I suggest it’s not.
Inquiring minds note the growth slowdown in China: China’s economy stumbles in May, growth seen sliding in Q2 . China’s economy grew at its slowest pace for 13 years in 2012 and so far this year economic data has surprised on the downside, bringing warnings from some analysts that the country could miss its growth target of 7.5 percent for this year. “Growth remains unconvincing and the momentum seems to have lost pace in May,” Louis Kuijs, an economist at RBS, said in a note
Even though I trust Obama far more than Bush, I don’t trust him or the hundreds of other people with access to total information about everything (slight exaggeration) to use it sparingly and only for good. And while I don’t like to assume facts for which we have no evidence, the recent disclosures of government spying seem unlikely to be the only spying that’s done on the general public. No abuses of the information have been disclosed, but that doesn’t mean it hasn’t happened, and given enough time and enough people with access to the information, we can assume it will happen at some point
Sunday, June 09, 2013 Posted by EliRabett Rabett Run Subscribe Rabett Run Posts Posts Comments Comments Contributors 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. His colleagues are smart, but they have a curious inability to see the holes that they dig for themselves
Read the article: Florida Repeals Renewable Fuel Standard; Silly Senator, Corn is for Food!
It is extremely hard if not downright impossible to re-blow the last bubble. For case in point look at technology stocks like CSCO, INTC, SEBL, or JDSU. Here is a chart of JDSU, a darling of the internet bubble.
I received still more emails from French and Canadian readers on preserving culture. Since it’s a slow news day, let’s take a look at them. Olivier writes ” Wouldn’t a true conservative pay at least some respect to local cultural norms instead of trying to impose some economic diktat from on down
Read More: Motivated reasoning can be re-motivated