cristian

Grab Your Shorts, the Tide Has Turned

The roman elites drank leaded wine and were crazed as a consequence. I wonder what excuse the historians will find for the US elites ?

Witnessing the Biggest Transfer of Wealth in History

Whidbey it is not enough to do something about private debt. We are running into a serious error of logic. Private debt is a burden to demand, but ultimately trivial.

The main problem is that we are exporting jobs, which leads to wage stagnation and erosion. Demand and buying power with real money, not debt.

How can somebody who's exporting jobs, moan about a lackluster US demand ? My advice to them: go to China, and find your demand there ;-)