Krugman: The so-called oil bubble By Paul Krugman Published: May 12, 2008 ‘The Oil Bubble: Set to Burst?" That was the headline of an October 2004 article in National Review, which argued that oil prices, then $50 a barrel, would soon collapse. Ten months later, oil was selling for $70 a barrel. "It’s a huge bubble," declared […]
Looking at the effect of the DOT.COM and HOUSING bubbles on the Stock Market raised a question for me. Why didn’t the bursting of the HOUSING bubble lead to a fall in the Market? Seems like it should’ve, to me [having become a bubble expert since I found out what a bubble was in September […]
The Real Bill Ayers By WILLIAM AYERS December 5, 2008 In the recently concluded presidential race, I was unwillingly thrust upon the stage and asked to play a role in a profoundly dishonest drama. I refused, and here’s why. Unable to challenge the content of Barack Obama’s campaign, his opponents invented a narrative about a […]
… who is to say that we aren’t exactly where we are supposed to be? … could the Stock Market of the last thirteen years be from the overlapping dot.com and housing bubbles? … only an illusion? … so what kept the Market up for the last two years? … hmmm …
Interior Dept. Changes Rule to Remove Congress Veto In another regulatory action in the waning days of the Bush administration, the Interior Department on Thursday unveiled a new rule that challenges Congress’s authority to prevent mining planned on public lands. Congress has emergency power to stop mineral development, and has used it six times in […]
Bush: I Was Right To Use Non-Existent Link Between Saddam-9/11 To Push For War Today, President Bush defended his foreign policy over the past eight years in an address to the Saban Center for Middle East Policy in Washington, DC. At one point, he acknowledged that there was no link between Saddam Hussein and the […]
Coal Mining Debris Rule Is Approved The White House on Tuesday approved a final rule that will make it easier for coal companies to dump rock and dirt from mountaintop mining operations into nearby streams and valleys. The rule is one of the most contentious of all the regulations emerging from the White House in […]
from MSNBC via Raw Story Federal Prosecutor Is Making Inquiries in the Investigation of the Dismissal of U.S. Attorneys A prosecutor who is investigating the dismissals of nine U.S. attorneys has been meeting with defense lawyers, dispatching subpoenas and seeking information about the events, according to legal sources familiar with the case. Attorney General Michael […]
I thought I’d worn myself out on the financial crisis. I’ve noticed people around me yawning if I bring it up, so I’ve tried to control myself. But this Atlantic article got me going again. It’s written by a former Trader who describes being bitten by the "bubbles" along the way, and about all the […]