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Author Archives: Mark
Preaching to the Choir
The video below shows Republican Congressman Mike Pence of Indiana speaking at the Values Voter Summit on the weekend. Since by my own admission my political views generally lean towards being conservative, I guess I’m ‘supposed to’ be impressed. But… … Continue reading
Posted in Republicans
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The US is Bankrupt – Kotlikoff
Bloomberg ran an article last month in which Boston University economics professor Laurence Kotlikoff makes what appears to be a hugely important argument. In his words, the US is bankrupt. To be perhaps a little more literal but no less … Continue reading
Posted in Economics
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Why You Shouldn’t Blindly Trust Experts
If you’ve read my “About Me” page linked over on the right hand side, you might recall me writing this – …I am wholly unimpressed by those who try to dismiss others’ views simply on the basis of a supposed … Continue reading
Posted in Economics
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More on Payroll Tax from Roubini
Nouriel Roubini followed up the comments at Zeitgeist that I referred to on Thursday with an article yesterday in the Washington Post, again advocating a temporary (two year) cut in payroll tax. Part of his argument is that some of … Continue reading
Posted in Economics
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Increasing the Current Account Deficit Will Not Heal the US Economy
Christopher Rugaber of AP had an article published in a number of outlets yesterday noting that some economic indicators seem to have stabilized in the past month and deflation seems to be less of a danger. However, what caught my … Continue reading
Posted in Economics
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Wolfensohn and Roubini at Zeitgeist 2010
I’ve been watching a video of a couple of interesting presentations by Jim Wolfensohn and Nouriel Roubini at the US Zeitgeist Conference. Here are some of the key points they made – Wolfensohn His main point was that global economic … Continue reading
Posted in Economics
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America’s Young People
I’m in the process of writing a summary of a recent presentation this week by Nouriel Roubini that I hope to be able to post here shortly. However, there is one observation he made that I thought was so striking … Continue reading
Posted in Society
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Causes of the Financial Crisis
In his Friday press conference, President Obama made some comments about the causes of the recession, both in his opening remarks and in response to the first question from the press. You can see it here – Starting at … Continue reading
Posted in Economics
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Gareth Morgan on NZ Property
Interesting article today in the NZ Herald by Gareth Morgan, particularly in light of my observations yesterday about NZ property prices… He expresses the view that the recent collapse of South Canterbury Finance is a reflection in part of the … Continue reading
Posted in Economics, New Zealand, Property
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Interesting Property Statistics
Some interesting statistics on US residential mortgages in the Wall St Journal… 23% of all mortgages in the US are underwater – the owners owe more than the homes are worth. The worst state is Nevada where 68.1% are underwater … Continue reading
Posted in Economics, Property
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