Exceptionally important point noted by PIMCO and brought to our attention by Mish: Our modern era of capitalism over the past several centuries has never known a period of time in which population declined or grew less than 1% a year. Currently, the globe is adding over 77 million people a year at a pace [...]
From the Wall Street Journal: Dour predictions about the housing market aren’t the norm anymore, as many economists have grown optimistic that home prices will begin rebounding strongly next year. But International Monetary Fund economists Prakash Loungani has found plenty of reasons to remain glum. Loungani, at a National Economists Club luncheon in Washington Thursday, [...]
If you have to call yourself “a pretty darn conservative guy”, then I immediately doubt that you are conservative, at all. It should be natural – known, easy to spot. As the Nevada GOP hashes out its destiny, I think I’d prefer guys who didn’t have to assert conservatism – people who’s records just are [...]