by Henry Oliner | Dec 31, 2009 | Business, Random
In the American Metal Market magazine Commercial Metals Company’s (CMC) metal fabrication division noted a drop in earnings to a $’17.3 million LOSS in the most recent fiscal quarter (three months ending Nov 30) from a profit of $66.6 million in the...
by Henry Oliner | Dec 31, 2009 | Uncategorized
1. blaming economic crises on “greed” is like blaming plane crashes on gravity.- Thomas Sowell 2. “crony capitalism” is to capitalism what National Socialism (Nazism) is to socialism- hko 3. ‘Those who hammer their guns...
by Henry Oliner | Dec 30, 2009 | Economics
Ludwig von Mises “They have all sold their souls to the devil of easy money. It’s a great comfort to every administration to be able to make its citizens happy by spending. For public opinion will then attribute the spending boom to its current rulers....
by Henry Oliner | Dec 29, 2009 | Business, Politics
The quasi-governmental institutions Fannie Mae and Freddie Mac guaranteed mortgages, which Wall Street happily securitized once the credit rating agencies- which had been given a legally protected oligopoly by the government-declared them to be safe investments. ...
by Henry Oliner | Dec 27, 2009 | Obama, Uncategorized
a comment on my article at American Thinker : Then there is the “expert” assumption of academic economists who are fond of saying things like “assume a perfect economy.” A joke written in reply to this conceited habit a tale of three men washed...
