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The PDF files below will open in new windows.
Each transition from a great financial mania to
consequent contraction has been a methodical disaster. Our disaster was
expected to become undeniable as the inverted yield curve reversed to
steepening in May-June, 2007. This had worked out well enough by that
fateful July to prompt the observation: “This is likely the biggest train
wreck in financial history.” (Pivotal
Events July 26/07)
Beyond tracking the path to contraction in our regular weekly
publications, there have been opportunities for studies or editorials that
we knew would be controversial. The point was to outline two failures: One
in financial markets, the other in policymaking.
From time to time, these will be retrieved and posted in this new section.
(See Latest Addition)
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"Global Warming"
Latest Addition
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AUTHORITARIAN AUDACITY IS GOING TO CRASH
OCT 2009 8 Page PDF
Under various
compelling arguments the state has imposed its authority in a
manner unseen in four hundred years. Since the early 1900s the main
pitch has been that economic central planning has been needed for
the public good. Eastern Europe got Marx. The Western World got
Keynes. However, as marked by the fall of the Berlin Wall in 1989,
folks who had suffered from too much central planning began throw
it off. Political reform swept the world and in the 1990s many
hardline socialists slipped into the environmental movement. Within
this, man-caused global warming has been a powerful ploy in
imposing authority and in academe – harvesting grant money.
Climate Change
SEP 2009
5 Page PDF
"Deep Solar Minimum Continues"
The sun is in the pits of the deepest solar minimum in nearly a
century. Weeks and sometimes whole months go by without even a
single tiny sunspot.
Climate Change
AUG 2009
4 Page PDF
The "Climate Change" movement continues
to push the new meaning of political science to the limits of
absurdity.
Climate
Change JUL 2009
4 Page PDF
"Gore's Hometown Nashville Breaks 1877 Cold Temp
Record"
The headline is from a report by Associated Press that July 21
recorded the lowest low temperature for that date since 1877. The
irony is exquisite.
Climate
Change Charts APR
2008 5 Page PDF
The included charts illustrate actual climate history, as well as the
contrived one as promoted by IPCC. An independent site worth visiting
is
www.friendsofscience.org which contains real science, not
political science.
Update “Global Warming w/Charts”
APR 2008
7 Page PDF
Mother Nature has been expected to be indifferent to the promotion
of man-caused global warming. The "bear market" in sunspots, and
increase in volcanic activity are forcing a significant decline in
global temperatures.
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Ropespinner Conspiracy
SEP
2007 2 Page PDF
The Ropespinner Conspiracy is a novel by Michael M. Thomas, a former
investment banker who writes enjoyable novels about high finance. The
title relates to Lenin’s observation that “Capitalism will sell us
the rope with which we hang it”. Published in 1987 the story is about
a brilliant but insidious Soviet conspiracy to infiltrate the U.S.
banking system and corrupt it to its own destruction.
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