Silver as an investment

Category Archives: Goolsbee

“There Is No Other End Than A Bad One… It’s A Mathematical Certainty”

Submitted by Thad Beversdorf via, I recently watched a video clip of Bernie Sanders laying the boots to Alan Greenspan back in 2003, for Greenspan’s seemingly out of touch perspective of the average American.  Now while we do have a repentant banker in Greenspan, a rare phenomenon for sure, I found the scolding interesting in that essentially […]

The Unfaithful Departed: Meet The People Who Bailed On The Obama Administration

Friday’s latest resignation of yet another former Obama administration faithful – that of White House press secretary Jay Carney – got us thinking: how many people have jumped off the USS Obamic? The answer is, in short, a lot. Below is a list (by no means complete) of the most prominent officials and advisors who […]

Guest Post: Why Reforms Won’t Work

Submitted by Charles Hugh-Smith of OfTwoMinds blog, Regardless of the need for reform, it isn't going to happen for these structural reasons. The list of public/private institutions that desperately need structural reform is long: the Pentagon, healthcare (a.k.a. sickcare), Social Security, the complex mish-mash of programs that make up the Welfare State, the 73,000 page […]

Frontrunning: January 17

Obama’s Gun Curbs Face a Slog in Congress (BBG) Euro Area Seen Stalling as Draghi’s Pessimism Shared (BBG) China Begins to Lose Edge as World’s Factory Floor (WSJ) EU Car Sales Slump (WSJ) Fed Concerned About Overheated Markets Amid Record Bond-Buying (BBG) Australia Posts Worst Back-to-Back Job Growth Since ’97 (BBG) Abe Currency Policy Stokes […]

Guest Post: Start Your Own Financial Media Channel with This Template

Submitted by Charles Hugh-Smith of OfTwoMinds blog, This secret template enables everyone to launch their own financial "news" channel. You've probably noticed the cookie-cutter format of most financial media "news": a few key "buzz words" (fiscal cliff, Bush tax cuts, etc.) are inserted into conventional contexts, and this is passed off as either "reporting" or […]

Paul Krugman and the New Austerity: Get Used to It

  “American voters are being given a choice between a representative of the public sector and a representative of the financial sector, when they want less of what both groups are doing.”   John Dizard Financial Times July 22, 2012   London – Traveling in the EU in these days of economic crisis is a […]

Is William Cohan Right That Wall Street "Regulation" Has To First And Foremost Curb Greed?

Now that the world is covered in at least $707 trillion in assorted unregulated Over the Counter derivatives (as of June 30, the most recent number is easily tens of trillions greater) and with at least one JPMorgan prop|non-prop trader exposed to having a ~$100 billion notional position in some IG-related index trade, pundits, always […]

While Working as Obama’s Chief Economic Advisor, Austan Goolsbee Didn’t Have Access to

Last night while consuming some adult beverages before bed, I apparently didn’t have a big enough headache, so I watched the beginning of the Obama campaign’s propaganda documentary they just released.
Clearly I was prepared to hear some “i…