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Monthly Archives: November 2012
ECRI: US recession underway months before any “fiscal cliff”
Lakshman Achuthan, chief operations officer of the Economic Cycle Research Institute, did an excellent job this morning reiterating the data supporting the ECRI’s US recession call. In this clip he uses rational metrics to clobber the standard nonsense proffered by … Continue reading
Taleb on why bailouts and rescues gut strength
Nassim Taleb, author of “The Black Swan,” discusses his new book “Antifragile” and explains why stress and failure are essential to financial stability and strength. Here is a direct link.
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Goldman Sachs officially rules the world
Further to my comments about the recent appointment of Bank of Canada head Mark Carney (ex Goldman alumnus) to lead the Bank of England in 2013, Zerohedge offers us this big picture graphic. It is now official that Goldman Sachs, … Continue reading
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