Harvard’s Rogoff Sees Sovereign Defaults, ‘Painful’ Austerity

Feb. 24 (Bloomberg) -- Ballooning debt is likely to force several countries to default and the U.S. to cut spending, according to Harvard University Professor Kenneth Rogoff, who in 2008 predicted the failure of big American banks.


Harvard University professor and former IMF chief economist Kenneth Rogoff sees U.S. interest rates going higher, and thinks it will send "shockwaves" through global markets. He also thinks we'll see a period of "very painful" tax increases and spending cuts in the U.S.




Bloomberg.com: News

A parable about how one nation came to financial ruin. - By Charles Munger - Slate Magazine

 Charlie Munger, Warren Buffett’s longtime business partner in Berkshire Hathaway, warns that the U.S. economic empire is crumbling before our eyes, thanks to federal debt and poor planning. The article leads with this headline: “Basically, It’s Over.”

A parable about how one nation came to financial ruin. - By Charles Munger - Slate Magazine

Thursday, February 18, 2010

Europe's slow, painful death | Oliver Marc Hartwich | Commentary | Business Spectator

There is something comical about current talk about a potential Greek bankruptcy. No, the state of Greece’s public finances is certainly no laughing matter. But it is funny how politicians and financial markets are getting excited about this as if it were news.



Europe's slow, painful death | Oliver Marc Hartwich | Commentary | Business Spectator

Wall Street's Bailout Hustle : Rolling Stone

Wall Street works a bailout hustle (again) and ....the politicians go for it (again).




Wall Street's Bailout Hustle : Rolling Stone

Economist.com

From the Economist....

Quant number-crunchers get crunched.


Economist.com

Could Ben Bernanke Be a CEO?

Could Ben Bernanke be a CEO?   What experience does he have?

Check out what he brings to the table (here is the link)  

How does this happen?

Washington's "Ten Most Wanted Corrupt Politicians" for 2009

Judicial Watch, the public interest group that investigates and prosecutes government corruption, today released its 2009 list of Washington's "Ten Most Wanted Corrupt Politicians." The list, in alphabetical order, includes:

Senator Christopher Dodd (D-CT)
Senator John Ensign (R-NV)
Rep. Barney Frank (D-MA)
Secretary of Treasury Timothy Geithner
Attorney General Eric Holder

Friday, February 5, 2010

The Failure of the Keynesian State

The Failure of the Keynesian State," the Mises Circle in Houston, sponsored by Jeremy S. Davis. Recorded Saturday, 23 January 2010.