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Boom And Bust
Time Running Out To Deal With Debt, Private Equity Issues
2/05/10 3:00 AM
By Michael E. Lewitt
"It is perfectly true, as philosophers say, that life must be understood backwards. But they forgot the other proposition, that it must be lived forwards."
Soren Kierkegaard1
It is now abundantly clear that the United States economy - and therefore the entire global economy - is trapped in a cycle of boom and bust as a result of fiscal and monetary policies from which there is no easy escape.[More]
| Blueprint For Reform
The Social Cost Of Misallocating Trillions Makes Issue Urgent
2/05/10 1:00 AM
By John P. Hussman
Note - The reprieve of recent quarters may create a misleading impression that there is no urgency to the issues faced by the U.S. economy, but as noted below, the likelihood of fresh mortgage losses and credit difficulties is high. Few reforms have been enacted that would make a second wave of difficulties any different from the first.[More]
| The Train To Nowhere
Economics of Chicago-St. Louis Bullet Train Just Don’t Compute
2/05/10
By Chris Bloomstran
The $4 billion high-speed rail link proposal by the White House for a bullet train system between Chicago and St. Louis is an utter waste of taxpayer money. The proper course of action by our elected officials should not be to move forward with the project, but rather, to turn down the federal handout on principle.[More]
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