Daily Archives: February 25, 2013

U$ breaks out

As the Canadian dollar continues to tumble this morning (the consensus was so confident in its strength, what happened?) and the Euro turns south on news that the Italian elections may have resulted in the mayhem of a hung parliament, … Continue reading

Posted in Main Page | Leave a comment

Tesla’s Musk on NY Times’ review and outlook

Elon Musk, chief executive officer of Tesla Motors Inc., talks about the outlook for growth, the impact of a U.S. government subsidy on sales and his dispute with the New York Times over a review of a test drive of … Continue reading

Posted in Main Page | Leave a comment

The ripple effects of the sequester are real

The stock market has ignored the real economy over the past few months and so far, has ignored the impact of the upcoming sequester. But the ripple effect of budget cuts going into effect March 1 will compound to hurt … Continue reading

Posted in Main Page | Leave a comment

James Grant on the erroneous PHD standard in central banking

I agree with Grant’s take that Central Banking has now gone completely rogue as PHD’s believe their theories can perpetually outsmart and thwart free market forces. Such hubris is destined to end the hard way. I see no practical way … Continue reading

Posted in Main Page | Leave a comment