Read more of Ben Bernanke speeches and testimony while he was Fed chairman. He claims easy money was not a major factor in the housing bubble. And that it is very difficult to detect bubbles as they are inflating. Yet, in rereading The Big Short, several 30 somethings were analyzing subprime mortgages and realized they would default while the Fed chairman was oblivious to the bubble.
Archive for February 3rd, 2017
Global Warming is About Destroying Capitalism? | Armstrong Economics
03
Feb
What a surprise! The lefties need a cause to impose a “humane” totalitarianism.
“A shocking statement was made by a United Nations official Christiana Figueres at a news conference in Brussels. Figueres admitted that the Global Warming…”
Source: Global Warming is About Destroying Capitalism? | Armstrong Economics
GE, Boeing, Oracle form coalition to support Republican border tax
03
Feb
Crony capitalists reveal their statism.
“U.S. companies including major exporters General Electric Co (GE.N) and Boeing Co (BA.N) launched a coalition on Thursday to back a House Republican plan to tax all imports, saying the proposal would “support American jobs and American-made products.”
Source: GE, Boeing, Oracle form coalition to support Republican border tax
The coming clash with Iran
03
Feb
Trump needs to diffuse tensions ASAP. Another war in the Middle East will destroy his presidency.
“When Gen. Michael Flynn marched into the White House Briefing Room to declare that “we are officially putting Iran on notice,” he drew a red line for President Trump. In tweeting the threat, Trump agreed. His credibility is now on the line. And what triggered this virtual ultimatum? Iran-backed Houthi rebels, said Flynn, attacked a […]”
Source: The coming clash with Iran