I like Kedrosky’s inflation chart primarily because it extols the “neatness” of the Zimbabwe inflation rate for November, 2008 at 98% daily. Considering Hungary’s rate, it’s no stretch to round up to a simple 100%. But how does this apply to ”Week One- Zimbabwe Style” for America, in practical terms? OK, on Monday a loaf of bread is $1.49 [...]
Archive for August, 2009
Kedrosky’s Inflation Chart
Fed must disclose – but will they?
In an announcement today exemplifying the agonizingly slow oiling of the squeeky wheels of justice when applied to Crony Capitalism, the ruling upholding the Bloomberg Freedom of Information Act regarding FED disclosure has been handed down. Now, more than 10 months after being filed, the question is: will the Fed comply? In those ten months FASB accounting rules have [...]
OK Muffy, what’s wrong with this picture?
OK, so help me out here…Todd says there’s something wrong with this picture. Could a 9 trillion dollar projected deficit be mutually exclusive of “end-of-recession scenario” or “upbeat signs for the economy”? Not if Muffy’s slammin’ green shooters for St. Patty (put a little more creme de menthe in that shot of Everclear why don’cha?). Besides, the [...]
IMF Royalist Asserts Role as Master of Monetary Austerity
As you read between the lines of Olivier Blanchard’s forgone conclusions, you witness the prose of a key figurehead in the coming regime of global fascism. Among other scoldings, you are warned that the working class job destruction tax will not abate; in fact, it will not “crest” until 2010. Become more comfortable with the [...]
GMP: The Greatest Management Principle in the World
Despite having managed work teams at Fortune 100 and Fortune 500 companies, where I was mentored by Harvard PHD’s, being introduced to world class, intreractive Leadership Development Programs at Dodgertown and similar retreats, AND despite having worked for 3 multi-billion dollar start-ups when money was flowing into the technology bubble like Niagra Falls (each with it’s own proud, signature [...]
Globalization does not mean Global Fascism
In earlier posts, one might suspect that I am a devout nationalist, whose BUY AMERICAN stickers are proudly displayed across the bumper of his Dodge Truck. Not so. In a world populated by sovereign nation states, who maintain their independence, their freedoms and liberties, who freely trade their unique goods and services with one another, and who [...]
Obama’s Job Destruction Tax
A nation’s economy is organic. It is not composed of bits and pieces, like “supply”, and “demand”, and ”labor”, and “interest rates” – each in it’s own separate vacuume. If you topple one domino, others will fall. When we warned about the affect that the multi-TRILLION dollar bailouts would have on the economy, our first concern was the necessary taxation [...]
