Saturday, October 24, 2015

Thanks to the ECB’s Mario Draghi, Spanish billionaire Amancio Ortega Topples Bill Gates as Richest Man of the World

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Bill Gates is out (for now). Spanish Billionaire Zara owner Amancio Ortega has been crowned as Forbes’ richest man, writes the Busine...
Friday, October 23, 2015

Breaking: MOOOAAARR Monetary Narcotics: China's PBOC Panics Cuts Interest Rates for the 6th Time this year!

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Stock markets went wild on ECB's promise last night. Now, the Chinese government delivers the real stuff...  From Bloomberg : Ch...

Belated 'Back to the Future' Day! (October 21, 2015)

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Remember the 1985 Scifi comedy movie series Back to the Future ? In one of the series, protagonists Marty McFly (Michael J Fox) tand Dr...

Headline of the Day: Pavlov's Dogs Rampage on ECB Promises for MOOOOAAARRR Monetary Narcotics!

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And people have been made to think that stocks are about fundamentals (earnings or economic growth).... The above headline and repo...
Thursday, October 22, 2015

Quote of the Day: Slash Taxes to Restrain Government

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This is the problem with taxation. Major public corporations can move their tax domicile offshore to avoid taxes legally. The average pe...
Wednesday, October 21, 2015

Quote of the Day: Why Health Care Is Not a Right

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The problem with his statement is that rights aren't the government's to give. John Locke, the 17th century English philosopher...

US Stocks Soar as Credit Dynamics Erode

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Last weekend I wrote , It has been a fascination to see global stocks race back to old highs in the face of a stream of bad news. It see...

Economic Myth Busted: In the US, Savings from Lower Gas Prices was Spent on even More Gas!

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Remember the popular mantra/incantation “low oil prices equals more consumer spending”? (this applies not only to the US but elsewhere incl...

Infographics: The Internet of Things and Our Mobile Future, Lessons from the Matrix

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The internet of things will likely be one of the major technological advances from the information age that will have significant influe...
Tuesday, October 20, 2015

Quote of the Day: The Worst Thing That Can Happen to a Socialist

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This is from Ludwig von Mises's Marxism Unmasked . (Hat tip EPJ )

Nobel Price Winner Angus Deaton on Mao’s Great Leap Forward to Famine

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Excerpted from the book,  The Great Escape: Health, Wealth, and the Origins of Inequality , authored by the winner of 2015 Nobel Prize for ...
Sunday, October 18, 2015

Phisix 7,550: Sorry Folks, But Declining Growth Rates of OFW Remittances Represents An Established TREND!

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“We have Dodd-Frank and we’re in a bubble right now anyway,” Trump said, alluding to social media companies that he says have initial publi...