Economy
Goldman Sachs predicts stronger global economic growth
Jim O’Neill of Goldman Sachs makes some pretty bold predictions concerning the global economy for 2010 and 2011. Who wants to go against Goldman?
End of the recession
U.S. GDP rises 3.5% as stimulus kicks in – MarketWatch.
I think today’s GDP number of 3.5% gain in the 3rd quarter marks the end of the current recession. For background, the economy contracted at a negative 6.4% rate in the first quarter of 2009, shrank 0.7% in the second quarter and now has turned positive.
According [...]
Nixon resigns!
Great video on Nixon before his resignation speech. Too bad that side of the guy did not come across to the public.
What Went Wrong With Economics
I found this quote and link on the site of Otto Rock. It very succinctly puts the worth of the current crop of economic advisors and experts in their place:
It acknowledges that the discipline is subject to three critiques:
1) it helped cause the current economic crisis
2) It failed to see it coming
3) It doesn’t know [...]
Follow the money
Forbes.com: Digital Rules By Rich Karlgaard.
Linked above is a thought provoking article by Forbes’ Rich Karlgaard. His discussion revolves around the following premise:
Wriston said capital (meaning both money and ideas), when freed to travel at the speed of light, “will go where it is wanted, stay where it is well-treated.”
By applying Wriston’s Law of capital [...]
