Posted in 9500 on April 28, 2008 | No Comments »
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From the excellent Calculated Risk
Roubini writes:
[On CNBC] I fleshed out my arguments on why the US recession will be severe and protracted, lasting four to six quarters.… later in the CNBC program Nobel Prize winner Joe Stiglitz explicitly agreed with my view that this will be the worst U.S. recession since the Great [...]
Posted in 9500 on April 26, 2008 | No Comments »
Many of us have thought that Bush ill stat a war with Iran in order to saddle the country with a dangerous situation in November, and create a condition where McCain seems like the candidate who need to win to save the country. Imagine at that time a McCain-Patreus campaign to win the “war” and [...]
Posted in 9500 on April 22, 2008 | No Comments »
Finances dominate reality: the election is open because we don’t know how either candidate will respond to mind breaking challenges.
From Asian Times http://atimes.com/atimes/Global_Economy/JD22Dj02.html
There are certainly indications that the over-liquefied global system is not well situated today to handle more dollar liquidity (akin to throwing gas on a fire). Inflation and its consequences have quickly become [...]
Posted in 9500 on April 22, 2008 | No Comments »
Back from Costa Rica. Trips to other places always worth while, but maybe not the energy used to get there. The future of air travel is difficult. Cost will lead the way, as in so many things, making the world more comfortable to the rich and less accessible to the rest of us.
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A big world [...]
Posted in 9500 on April 21, 2008 | No Comments »
Talked with an oil and hydrology engineer. He said that the big guys, the ones with money and connections, are so far ahead of others in getting control of the land and starting projects, that with increasing demand and having control, they will become a lot richer. I am always surprised by the way such [...]
Posted in 9500 on April 9, 2008 | No Comments »
In Costa Rica. The country is almost beautiful. Many small farms laid in large luscious landscapes. The local culture is relatively poor but people have families and the children are involved in their activities. But what used to be a comfortable and efficient distance of homes from the highway has become embarrassingly uncomfortable as the [...]
Posted in 9500 on April 2, 2008 | No Comments »
on Asia Times
Iran torpedoes US plans for Iraqi oilWith the Iranian Revolutionary Guards Corps showing how much control it has over the killing fields of Iraq, by stopping the fighting in the southern city of Basra, Iran has made both the Iraqi and United States governments look very foolish. Far beyond that, Iran has frustrated [...]
