It’s Time To Tax
The following story appeared in Reuters and made my stomach turn.Some U.S. firms paid more to CEOs than taxes: study Here's an excerpt:"Compensation for the 25 CEOs with pay surpassing corporate taxes averaged $16.7 million, according to the stu...
The Eurozone: A Family Snapshot
Given what is going on in the eurozone at the moment, I thought it would be nice to have a snapshot picture of it, circa 2010. Data: Eurostat (2010)Ninety percent of the Eurozone's GDP is produced by just seven countriesBefore you reach Greece, nu...
Sudden Debt Redux: Where Are We Now?
Sudden Debt was started five years ago warning of excess in debt, asset bubbles and the end of the "Permagrowth" model. Today, some of the most egregious excesses have been reversed or at least arrested after wrenching and painful adjustments to ...
Gold vs. Debt and GDP
Continuing a bit from the last post's subject, here's another comparison between gold and US debt: The value of the entire amount of gold in existence in the world vs. total debt of the USA (a proxy for global debt), and global GDP. According to ...
They Are Scared Witless..
In this post's title "they" are speculators/investors (are there any true investors left in this world, I wonder?) and "witless" means exactly that: they have taken leave of their wits (assuming they had any to begin with, of course).Proof? The followi...
As The World Burns
Well, now it's official: The Debt Crisis is global. But what lies at the heart of it? What are the economic fundamentals which have created it?In a word, "China". Oh, I don't mean that China as a nation is at fault, that it is to be b...
L’Affaire Strauss-Kahn
Il n'y a aucune coincidence dans la (haute) finance (pronounce in French for maximum rhyming effect).Well, well, well... the prosecution is furiously back-pedalling on its charges against Mr. Strauss-Kahn. It seems the chambermaid is not exactly ...
L’Affaire Strauss-Kahn
Il n'y a aucune coincidence dans la (haute) finance (pronounce in French for maximum rhyming effect).Well, well, well... the prosecution is furiously back-pedalling on its charges against Mr. Strauss-Kahn. It seems the chambermaid is not exactly ...
L’Affaire Strauss-Kahn
Il n'y a aucune coincidence dans la (haute) finance (pronounce in French for maximum rhyming effect).Well, well, well... the prosecution is furiously back-pedalling on its charges against Mr. Strauss-Kahn. It seems the chambermaid is not exactly ...
L’Affaire Strauss-Kahn
Il n'y a aucune coincidence dans la (haute) finance (pronounce in French for maximum rhyming effect).Well, well, well... the prosecution is furiously back-pedalling on its charges against Mr. Strauss-Kahn. It seems the chambermaid is not exactly ...
A Blast From The Past
I have been re-reading Gustave LeBon's The Crowd, the 1895 classic on the psychology of herd ("crowd") behavior. The French social psychologist was the first to scientifically and methodically study crowd behavior outside the criminal classes.Her...
A Blast From The Past
I have been re-reading Gustave LeBon's The Crowd, the 1895 classic on the psychology of herd ("crowd") behavior. The French social psychologist was the first to scientifically and methodically study crowd behavior outside the criminal classes.Her...
