Kartik Athreya: Leave It to the “Experts”? Seriously??

Kartik Athreya’s article deriding the unwashed, mouth-breathing public for presumptuously daring to have an opinion about his area of expertise is making the rounds, predictably being slammed by those of us with the audacity to hold an opinion about some subject in which we lack a PhD. I list reasons why professional “expert” economists are […]

Goldman’s Blankfein before Congress

And it came to pass, that Goldman’s then-chief overlord was order’d to parade full 7 days and 7 nights through the streets of lower Manhattan, clad in naught save his drawers, bearing tether’d to heavy chains every SEC filing that Goldman hath wrought for 10 years previous; while the peasants of the borough were to […]

Death of the Euro? Soros calls a Gold Bubble in Davos

George Soros called an “ultimate bubble” in gold at Davos today, inflated by the ultra-low interest rates. I can’t say I disagree. The general economic malaise and uncertainty has pumped gold up bigtime, and it will steadily deflate as confidence returns (not to mention whatever machinations the central banks and IMF have going on in […]