Jeff Rubin, economist and winner of the 2010 National Business Book Award for his titleWhy Your World is About to Get a Whole Lot Smaller, speaks at the Toronto Reference Library May 14, 2012. With CBC’s Michael Hlinka.
Jeff Rubin – Part 1
Jeff Rubin – Part 2
Jeff Rubin – Part 2
A national business known as the ‘Walmart of Weed’ for selling products that help medical pot growers is launching a store close to the White House.
The company called weGrow will open the doors of its first East Coast location Friday in Washington, DC.
The store’s presence comes at the same time officials of the United States capital are expected to announce who is allowed to apply for permits to grow and sell [...]
Earlier this week we have had data from both existing home sales and new home sales. Both have been abysmal…. and I’m not speaking in hyperbole. As I often say, focus on existing home sales because it is generally around 90% of the market – but currently up to 95% since new homes are simply so uncompetitive with so much distressed inventory on [...]
We saved the world! Ben Bernanke Aug 2009
The recession is likely over, Bernanke Sep 09
I see nothing in the present situation that is either menacing or warrants pessimism… I have every confidence that there will be a revival of activity in the spring, and that during this coming year the country will make steady progress.”
- Andrew W. Mellon, U.S. Secretary of the Treasury December 31, 1929
“I am convinced that through [...]
“The spring of 1930 marks the end of a period of grave concern…American business is steadily coming back to a normal level of prosperity.”
- Julius Barnes, head of Hoover’s National Business Survey Conference, Mar 16, 1930
Ã¢â‚¬Å“What the market is doing is going through a correction, which it really needed. ItÃ¢â‚¬â„¢s getting down to where itÃ¢â‚¬â„¢s reasonable.”
- Ted Martinez, representative to the National Homebuilders Association
“I am convinced that through these measures [...]
Tuesday, May 4. 2010
Posted by Karl Denninger in Macro Economics at 12:45
In 1930 there were all sorts of statements about how it was “all under control” and “prosperity was returning.” Some examples of the 1929 and 1930 idiocy:
“Financial storm definitely passed.” – Bernard Baruch, cablegram to Winston Churchill, November 15, 1929
“I see nothing in the present situation that is either menacing or warrants pessimism… I have every confidence that [...]