The Muddle Through Economy, R.I.P.? [View article]
Great article. Question is: How do we stop the Congress and White House from making the disease worse? I'm at a loss on how any of this can be turned around. The Obamas feel they have a public mandate to destroy the USD.
I'd have to disagree with most of this article and especially George Soros. Bubbles are real. They have happened and will continue to happen because they are built into the DNA of the capitalist infrastructure. We are all trained, as MBAs, to ride a profit margin to it's point of maximum profit (and then bail out). Economists call it, the point of equilibrium where Price = Maximum P.
The Muddle Through Economy, R.I.P.? [View article]
Predicting the Next Great Bubble [View article]
We are all trained, as MBAs, to ride a profit margin to it's point of maximum profit (and then bail out). Economists call it, the point of equilibrium where Price = Maximum P.