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Ghosts and Demons

Franklin @ October 17, 2011 # One Comment

President Obama said today that the OWS shouldn’t demonize the people working at Wall Street. I would agree in general with that, but I suspect that OWS is not against the clerks, analysts, etc. who work in Wall Street, but rather against those who don’t work. Not only those who don’t work, but those who […]

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And yet the data shows a fast recovery

Franklin @ December 31, 2010 # 2 Comments

This is an update to a post published almost two years ago: Some Historical Perspective on the Current Recession.Back then I analyzed data until the third quarter of 2008. The data showed that we weren’t in a depression yet, and that Up to the 3rd quarter of 2008, the economic recession was shallower than the […]

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Despite Risks, Workers Guzzle Company Stock – WSJ.com

Franklin @ August 12, 2009 # 2 Comments

Image via Wikipedia What can I say? Companies found the ultimate bag holder? Next week I will write an article about when the Obama administration will finally stop talking down the economy. Hint, it won’t be before we all are crying uncle. I think I understand the cunning ways of this administration. I may even […]

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Some Historical Perspective on the Current Recession

Franklin @ January 2, 2009 # 7 Comments

Image via Wikipedia Back in 2007, a simple device allowed me to pin-point the start of the current recession on the fourth quarter of 2007. Instead of relying on massaged data, I simply looked at what was the real situation of American corporations. For doing so, with the Bureau of Economic Analysis data on GDP […]

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Being Independent On Election Day

Franklin @ November 2, 2008 # 3 Comments

We independents face this same problem with every election: neither candidate reflects our thoughts, views, or aspirations. If you asked me whom I would be happy to vote for, I would say: maybe a Denis Kucinich – Ron Paul formula. You see, I don’t see the divisions across party lines, and there are some issues […]

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It’s the History, Stupid

Franklin @ October 18, 2008 # 4 Comments

Image by Tony the Misfit via Flickr McCain decided to attack Obama’s tax plan with the catchy phrase “America did not become the greatest country on earth by spreading the wealth around.” Unfortunately for Mr. McCain , that’s exactly the way America became the “greatest country on earth”, whatever that means. You see, there is […]

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The Timing of the "Liquidity Crisis"

Franklin @ September 28, 2008 # 3 Comments

This “liquidity crisis” was patent back in September of 2007. We then discussed whether it was a real liquidity crisis or confidence crisis, but that was just an academic exercise. The point is that what happened last week and prompted the President’ “There is nothing to fear… Fear!!! Panic!!! Oh my god we all are […]

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Congress expected to pass financial rescue package: Getting Ready for a Deeper Recession

Franklin @ September 28, 2008 # 7 Comments

Congress expected to pass financial rescue package: Financial News – Yahoo! Finance So, Wall Street put a gun to the head of the American public two months before the election and got what they wanted. I wrote before that a liquidity crisis in a fiat money system is only possible during hyperinflation. In September of […]

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The Terrible Plot of The American Economy

Franklin @ September 24, 2008 # One Comment

I am so bored with the latest installment of the movie The Big Scam. Not only we have seen it all too many times, but the casting is all wrong. I must admit that the casting of Paulson as the evil terrorist who threatens with the destruction of the American and world economies if he […]

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Most Americans Don’t Like the Republican Party

Franklin @ September 8, 2008 # 2 Comments

Neither the Democratic Party for that matter. The truth of the matter is that America is less a democracy than a indifferencecracy (the power of indifference). Let’s see the numbers from Infoplease: The average turnout from 1960 to 2006 is 47.8 of the eligible population. That is, more than half the people with a right […]

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