Archive for March 2010
more “boom and bust” cycles coming
Here’s a quick video from my buddy Aaron Task interviewing Lakshman Achuthan, on why buy and hold is dead. There are more more “boom and bust” cycles coming. Those of us who adhere to the Austrian, free market school of economics, understand this as well.
He addresses the symptoms that as more debt is piled on the economy, the subsequent economic recoveries get weaker and weaker from the debt load. It’s not a “Bush” or “Obama” political management issue. It’s a decades long trend, that doesn’t end well once we enter debt saturation.
Auto-anthropogenic economic asphixiation
Basic physics show that the atmospheric mechanism describing how “greenhouse” gases are thought to warm the earth is flat out wrong. Period. Physically Impossible. Do not pass ‘go’ and do not collect billions in taxes.