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I’m Not An Economist

I don’t pretend to offer you advice on how to make money, I’m just an old Boomer who has seen too much for too long not to recognize the reality around me: we are in a recession – been there, done that, still have the check stubs.

The “real economists” will tell you about it in a few months, because their guild rules require that several months of economic pain must past before an official recession may be declared.

The standard prescription for recession is targeted tax cuts, government deficit spending, and Federal Reserve rate cuts. These are supposed to spur the economy and soften the blow…except, the Hedgemony has already done these things, so there’s no relief available.

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January 7, 2008   20 Comments

The Street

My first post at the American Street will be showing up later this morning. I may cross post some of the things, but probably not all. It wasn’t made clear that I would be posting on Mondays and something should appear early in the morning, because neither Monday nor morning are among my favorite things.

Fortunately I know how to deal with those problems and the time difference.

January 7, 2008   4 Comments

Orthodox Christmas

С Рождеством Христовым to my Orthodox friends who are still waiting to see how the calendar reform works out.

January 7, 2008   Comments Off on Orthodox Christmas