Workbook PDF at: https://dl.dropbox.com/u/32961642/EconomicCollapseWorkbook.pdfPart Six Topics:Credit Default Swaps ContinuedRepos and Reverse ReposWhy are These Exotic Products Being Traded So Widely?Review of 90 Day T-Bill Rates 2007-2012
Archive for the ‘inflation’ Category
Consumer confidence falls unexpectedly in May
My Grandmother, a feisty old broad, had a saying for this, “Like a cat trying to cover up on linoleum.” Ever seen it? The Lame Stream Media are trying (very), but don’t you agree the word “unexpectedly is just about worn out?
And this is unexpected?
“Consumers are considerably more apprehensive about future business and labor market conditions as well as their income prospects,” said Lynn Franco, director of The Conference Board Consumer Research Center. She said fears over inflation picked up again in May.
A love song for economist F. A. Hayek?
But, “The Road to Serfdom” was #1 on Amazon for a few weeks this summer and is still above Obummer’s books despite being over 50 years old. It’s encouaging to see the young people getting interested in things that will actually make a difference in their lives after their parents just kicked the can down the road.
Original song by Dorian Electra.Filmed by Clara Lee, Madeline Scholl, and Ciaran Finlayson.
Hey there Freidrich Hayek, ya lookin really niceYour methodology is oh so preciseYou break down social science to the fundamentalsRules and social order are the essentials
Chorus:The use of knowledge in societyby each of us we make the economyIt’s not magic that somehow our plans all alignThe result of human action, not of human design
Tell me your thoughts on resource misallocationDistorted price signals and misinformationInterest rates that are made artificially lowTelling producers where resources should go
Since these low interest rates, like you said, are liesMalinvestments come as no surpriseSoon these mistakes will all be revealedand then corrected, unless they’re concealed
Sometimes I dream all day ’bout bein’ Mrs. HayekWe’d share milkshakes, watch sunsets, and kayakWe’d work together on that business cycle theoryOh darlin’ you’ve been workin’ hard, you must be weary
Come to my couch, on which you can restI’ll make tea, we’ll talk credit and interestThen I can talk about my interest in youOf course we’ll talk ’bout the economy, too
Just me and you (x2)Me and YouOh, ohMe and You