What do you do with a Social Revolutionary, once the Revolution brings only adverse Social Conditioning, rather a new Way of Life? Ahmadinejad and his Iranian government is rapidly pushing to disenfranchise Opposition elements within Iran. The Natural Gas shortage may be the President’s downfall, but not through the simple discomfort; it consisting of having lost the mandate of Allah. One must keep the mantle of God, when One professes a religious State.
James Hamilton is an honest journeyman who leads Us to a solid assessment of the state of the economy. Things are literally not as bad as originally Reported, and there certainly exists little Need for a Stimulus Package, but remember this is an Election Year; the Politicians expect the same level of Corruption in Voters, as is resident within themselves. This may indeed be true of Business personnel, who are insistent on the additional $150 billion of Deficit Spending, they already prepared with enhanced Price Schedules to absorb the flow of Dollars; what does this say for the Fed’s adamant stance against Inflation? Everyone is telegraphing their Punch, and there will be no impact except in inflated Prices.
I agree with Joe Stiglitz so rarely, that I feel compelled to note my basic concurrence with him, whenever I can in clear conscience do so; remember that he is a Nobel Prize Winner, while I–well, never mind! American Bankers and Bank Regulators sold American Investors a bill of Goods, and they believe they should keep their bonuses for doing so, in well-rehearsed Recitals. Now, I disagree strongly with his Call for central bank activism, though I do believe risk management theory should be codified into law, with active Penalties for violation of those Principles, especially when there is great loss associated with the said violation; cutting their Bonuses will not work, but doing Time is a Country-Club prison and preclusion from further Work within the Banking sector works Wonders. We should at least think about Community Service! lgl
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