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Economic Errors

That the discipline called economics is in a bit of a mess is beyond dispute. That is has taken this long for many of its leading lights to come down from their respective mountain tops and admit so is, frankly, a scandal, but not surprising given the enormous prestige and ego reinforcing power attaching to […]

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GDP Revised Down

Watch this space. One of the reasons we all should ignore the puffery in the markets about the nature of the recovery is that the economy is still subject to significant risks. We all know and talk about the high level of unemployment, almost accepting it now as part of our near term fate. What […]

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Parenthetically

I am tired of all this nonsense about “banker bashing”. What a bunch of losers. What is wrong with beating up on the group who single handedly undermined the world economy? Nothing. They deserve all the opprobrium they get. And more. In fact they don’t get anywhere near enough. The temerity of this self regarding […]

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