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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Joe Btfsplk who wrote (753776)	11/20/2013 4:11:47 PM
From: FJB	1 Recommendation Recommended By joseffy Read Replies (1) \| Respond to of 1578336

ANALYSIS: 50 to 100 million insurance cancellations coming... A new and independent analysis of ObamaCare warns of a ticking time bomb, predicting a second wave of 50 million to 100 million insurance policy cancellations next fall -- right before the mid-term elections.

To: Joe Btfsplk who wrote (753776)	11/20/2013 4:19:44 PM
From: FJB	1 Recommendation Recommended By joseffy Respond to of 1578336

EU BANK MAY MOVE TO NEGATIVE DEPOSIT RATE... The euro slid against most peers with the European Central Bank said to weigh a negative deposit rate to ward off deflation. UNCHARTED TERRITORY...

To: Joe Btfsplk who wrote (753776)	11/25/2013 10:28:59 PM
From: FJB	2 Recommendations Recommended By joseffy mel221 Read Replies (1) \| Respond to of 1578336

Guest Post: Paul Krugman's Fallacies Submitted by Tyler Durden on 11/25/2013 - 21:28A great many long refuted Keynesian shibboleths keep being resurrected in Krugman's fantasy-land, where economic laws are magically suspended, virtue becomes vice and bubbles and the expropriation of savers the best ways to grow the economy. According to Paul Krugman, saving is evil and savers should therefore be forcibly deprived of positive interest returns. This echoes the 'euthanasia of the rentier' demanded by Keynes, who is the most prominent source of the erroneous underconsumption theory Krugman is propagating. Similar to John Law and scores of inflationists since then, he believes that economic growth is driven by 'spending' and consumption. This is putting the cart before the horse. We don't deny that inflation and deficit spending can create a temporary illusory sense of prosperity by diverting scarce resources from wealth-generating toward wealth-consuming activities. It should however be obvious that this can only lead to severe long term economic problems. Finally it should be pointed out that the idea that economic laws are somehow 'different' in periods of economic contraction is a cop-out mainly designed to prevent people from asking an obvious question: if deficit spending and inflation are so great, why not always pursue them?