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Archive of posts published in the tag: Andrew Cuomo

Covid Thoughts 2020 04 18

Shuttering large swaths of the economy is a huge unquantifiable cost we would only consider in such a dire health care scenario.  It appears that new information reflects a significant overestimation of the mortality.  When we referred to the mortality, we compared the number of deaths to the number of DIAGNOSED cases and compared that rate to the last flu which measures the number of deaths to the number of ESTIMATED cases, understanding that many who have the flu that never see a doctor. 

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Creation of Destructive Demand

In 1993, under Andrew Cuomo (currently governor of New York), the Department of Housing and Urban Development (HUD) announced that it would “encourage” Freddie Mac and Fannie Mae to have half their loan portfolios in affordable-housing (subprime) loans. Freddie and

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Rewarding Failure with Power

“When businesspeople and senior executives do a bad job they are -eventually at any rate- thrown out on their ear.  As Fed Governor, Ben Bernanke convinced his colleagues to pump up an inflationary bubble to avoid a crisis; as U.S

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