Eloquently stated .
The General Motors Reorganization and the Federal Government – Richard A. Posner.
Fascinating conversation. The monetarists (aka Friedman and Greenspan) just don’t get it. All this ideological pissing between the LSE, Austrian School and the Chicago School and unfortunately the Chicago School won.
One part of me is surprised this isn’t getting more MSM attention. The other part of me knows why.
This is a fascinating comparative history of US and Argentina, and a provocative historical counter-factual hypothetical. I can’t wait until Beattie’s book is published.
FT.com / Weekend / Reportage – Argentina: The superpower that never was.
It’s long, but worth the read. The other Oracle in Omaha, Charlie Munger, offers some piquant views on the severity of our economic crisis, Madoff, and many other relevant topics.
Are the Chinese so disabused with the Fed’s QE policies they’re actually going to move from rhetoric to action? I hope not…
China warns Federal Reserve over printing money – Telegraph.
It isn’t going to be easy to disabuse most people of the belief that the U.S. cannot lose it’s hegemonic position, but this article illustrates some very alarming trends.
Is the U.S. Dollar Headed for a Mighty Crash? Part I — Seeking Alpha.
He nails it. The worst is yet to come
Chrysler yesterday, GM today. Not a good week for the auto industry. But this is no surprise. I believe this is not the last we’ll hear of dealer closings.
GM Is Said to Plan Shutdowns for 1,100 U.S. Dealers (Update2) – Bloomberg.com.