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Tuesday, August 25, 2015

China on the brink....

There is no way to see what is going on in China as anything but a disaster happening. Will it blow into the big one? Probably not. But I remember the Chinese response to the 2008 meltdown. They indicated back then 1) Ha Ha Ha! and 2) the unworkable nature of capitalism and the superiority of the planned economic model.

Come again there Comrade?

The Chinese economy is 22% construction oriented. We were 6% at the height of the bubble popping. And all great calamities have had a simultaneous equity and real estate market unraveling.
Lots of luck Charlie. Now maybe you will stop your bellicosity in the South China Sea?

Sunday, July 26, 2015

The Pope is from Argentina remember........

....and I don't need any lectures on economics from someone from Argentina. It is a jolly good thing the pope is only infallible on ecclesiastical matters (or at least since Vatican II; I guess he was fallible before that), because when he opens his mouth on economics he shows the world, well, that he is from Argentina, i.e., an economic know-nothing. Throwing that clown de Blasio in the mix makes it all the more fitting.
Mayor de Blasio

BTW Argentina was the third wealthiest country in the world in 1900. They picked the Soviet
Model after WWII, just as India did, and continue to wallow in economic backwardness. And it is all self-imposed. No thanks. 

Tuesday, July 21, 2015

A Wall Street Journal quote regarding Uber and Democrats.....

"However open Democrats may be to revolutionary new definitions of marriage, the thought that there might be some nonsexual for-profit contracts between consenting adults keeps progressives up at night."
The stunning beauty of that sentence is incredible.

Monday, June 29, 2015

Welcome home Herbert Stein.....

Ok all you students of history out there, wake up and watch Greece. There is a Great Depression in action happening before your eyes in real time. It will not be pretty. Look at what we have here.... A Prime Minister that is putting a bail out to a referendum and then campaigning against it. That is right....ask the Germans to prolong the bail out and then tell everyone to vote against it. That is nuts.

But far worse is the fact that the people in power are Marxists, Maoists, communists and even a sprinkling of Nazis in there. Throw in a healthy dash of socialists and you have quite a concoction.

Here's a thought, why not pay for all the stuff you want yourself. That is a real novel idea isn't it? Whether you like it or not that is going to be right around the corner.

Mind you, none of this business has anything to do with Greece paying back what they owe, it is about stringing the bail out along. Keep lending to us and we will make our payments...but on our terms and not yours. Here's an answer to that....stick it.

The Greeks deserve everything they got coming. As the late great Herbert Stein said "something that can't go on forever won't." Welcome home Herbert Stein.