economics

Great column by Friedman about the $25B Big Three bailout.

Quoted: Somebody ought to call Steve Jobs and ask him if he’d like to run a car company for a year. It wouldn’t take him long to come up with the G.M. iCar.

Peter Schiff's predictions regarding the collapse have been right on, although his investment strategies have not yet panned out.

Quoted: On October 28th 2008, Schiff stated in an interview on Bloomberg TV that the investment strategies outlined in both books currently "are NOT working" due to the collapse of foreign currencies, foreign stocks and the failure of gold prices to go up significantly as most of the world entered an economic recession and foreign investors flee to cash. Schiff, however, remained optimistic on his theories and stated this was a good opportunity to buy foreign stocks trading at yearly lows.

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@buggia recommended that I read Peter Schiff's books. Peter Schiff was totally on base when *everybody else* was ridiculing him.

Quoted: Ben Stein: Subprime is a tiny tiny blip.
Peter Schiff: Subprime is not tiny.

Tom Friedman was talking about this book on The Daily Show. However, he said that the financial boom bubble doesn't qualify. Specifically, "The real tragedy of this moment is that this financial boom bubble and bust has left us with a bunch of empty condos in Florida and a bunch of dead, derivative contracts that no-one understands."

Quoted: Amazon.com: Pop!: Why Bubbles Are Great For The Economy: Daniel Gross: Books

A great map showing cities in recession and cities still growing.

analysis on the so-called bailout for the scam that it is.

Do you think that money is the root of all evil. Well, look what happened. We know that people who seem to be evil have an elevated greed factor. Look at what's happened in the past 2 presidential terms in the US, people have become rich, greedy, and d...

You can enjoy yourself, now is official: the cool swedish Volvo V70 comes with three new versions of engines! The price starts from29 900 euro.

The design is untouched and not modified. The engines are all of them with 2,0 liter capacity, and h...

With the advent of internet hair replacement
companies the hair wearer has a veritable smorgasbord of options when it comes
to buying hair and supplies.
With the advent of internet hair replacement companies the
hair wearer has a veritable smorgasbo...