Jesse's Café Américain

"what should you do to avoid being an idiot or a swine? Merely this: You should do something great, you should lay aside all the foolishness of a more of less long existence, you should become resigned to the fact that you will seem ridiculous to a race of janitors and bureaucrats if you are to enter the service of Splendor. Then you will know what it means to be the friend of God. The friend of God!"

Léon Bloy

Showing posts with label malinvestment. Show all posts
Showing posts with label malinvestment. Show all posts
27 January 2010

US Cattle Herd Drops to 1958 Levels

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Ranchers are culling the herds as corn prices soar and wholesale prices for beef and milk drop. My personal view is that this is a manifesta...
23 December 2009

The US Bull Market in Smoke, Mirrors and Gullible Investors

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We have given quite a bit of coverage to the somewhat 'thin' veneer of recovery being spun by misleading government econmic statisti...
20 March 2009

The AIG Scandal Is Merely a Symptom of Our National Agony

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The AIG bonuses are a calculated distraction. This is the heart of the problem: We will have no recovery until the system is reformed and br...
25 February 2009

How the Economy Was Lost

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Paul Craig Roberts was Assistant Secretary of the Treasury in the Reagan administration. "How long can the US government protect the do...
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