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Economics and thermodynamics

Franklin @ October 16, 2007 # 3 Comments

Doing a perfunctory search on google about Economics and Thermodynamics I found a bunch of articles about the second and third laws of thermodynamics as they apply to economics. Don’t worry, I will not talk about chaos or entropy, I will talk about the first law of thermodynamics: “The increase in the internal energy of […]

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Official Reports Confirm Economy Worse Than in 2000

Franklin @ October 11, 2007 # One Comment

The Dow Jones’ new high is a numeric illusion The Personal Savings Rate is at the same level it was during the last recession Economic growth (GDP) is lower than inflation growth (i.e., the economy is not growing) Even after adjusting for inflation, cost of living is 17% higher than it was in 2000 The […]

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Banks Drive to Grab Land

Franklin @ October 8, 2007 # 2 Comments

When writing articles about foreclosure, the mantra seems to be “the banks want your money“, they are willing to negotiate and help you keep your home. The pesky reality, however, is pointing in another direction. According to a recent AP article, US July Foreclosures Rates were Up 93% from a year ago. So, if the […]

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The real economy

Franklin @ October 8, 2007 # 31 Comments

I wrote previously that, in constant dollars, the Dow Jones is far from a new high (actually, some 8% away). Those constant dollars, however, were based only on inflation data, which is statistical data and not actual market data. The following table shows the 2000 and 2007 prices in terms of different commodities. The calculation […]

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President Bush, support our troops!

Franklin @ October 5, 2007 # 2 Comments

As a Commander in Chief, G.W. Bush managed to combine, all in one, the shortsightedness of Harry S. Truman with the incompetence of Lyndon B. Johnson and the dishonesty of Richard M. Nixon. When the First General of the Nation has no clear compass, moral or military, he needs to resort to political tactics to […]

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I have $ 100,000,000,000 and yet I can’t retire

Franklin @ September 29, 2007 # 12 Comments

The past week you certainly have (and in the next few weeks you will) read a lot about the dollar and its relation to other currencies. Most of the articles fail to explain what the real value of money is. In some cases, I think, economists just ignore out of convenience what the impact of […]

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Let the party begin. We will be dead tomorrow

Franklin @ September 28, 2007 # 3 Comments

The current administration is creating the conditions for runaway inflation in the near future in order to support the war efforts

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How to survive hyperinflation

Franklin @ September 21, 2007 # 8 Comments

Avoid, to the extent it is possible, selling goods at a fixed price to be paid in the future Remember that if you work for somebody you are selling your work at a price set in the past and you will be paid in the future, so, during hyperinflation, you will be robbed daily Do […]

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At a financial crossroads

Franklin @ September 19, 2007 # 6 Comments

With gold about to retest the previous high and the Dow Jones average at less than 200 points from the previous high, I will look at two different scenarios and their possible implications for the consumer market. As I pointed out before, Bernanke’s solution to the “liquidity crisis” is utterly destructive because it implies more […]

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