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Retired software engineer, grandfather, lover of beer and whiskey, not necessarily in that order.

joined 27 Feb 2014   United States   40 links   190 posts   292 comments   ignore (0)   befriend (1)   following 0   1 followers   follow darlag

darlag's Posts

Deflation Rearing its Ugly Head Around the Globe
by darlag   ↑ like (1)   ↓ dislike (1)   201 comments, latest 2 years ago
According to the latest figures, deflation is now perched on China’s doorstep. In September, China’s consumer price index was up 1.6%, but its producer price index fell 1.8%. The CPI...
New Greek government already making good on its anti-austerity promises
by darlag   ↑ like (2)   ↓ dislike (1)   159 comments, latest 2 years ago
As promised, the new Prime Minister, Alexis Tsipras and his SYRIZA government are rolling back fees, raising the minimum wage, re-hiring some of the public workers who were laid-off by...
It's different this time
by darlag   ↑ like (4)   ↓ dislike (1)   147 comments, latest 3 years ago
In 1929, Irving Fischer notably said "the stock market has reached a permanently high plateau". Translation: "It's different this time." Well, guess what? It wasn't. We are all part of...
Would libertarian Howard Buffett be disappointed with his Billionaire son?
by darlag   ↑ like (1)   ↓ dislike (4)   103 comments, latest 2 years ago
Seventy years ago the father of Warren Buffett penned the excerpts cited below. Howard Buffett was a true libertarian, a believer in sound money, a gold standard and the Austrian...
David Stockman on the global economy: "...all hell is going to break loose."
by darlag   ↑ like (2)   ↓ dislike   102 comments, latest 2 years ago
Stockman was interviewed by Eric King the other day. The former director of the OMB issued a dire warning about the imminent future of global economics. “Train wreck is a...
Shiller sees a housing bubble and a stock market collapse
by darlag in #housing   ↑ like (1)   ↓ dislike   83 comments, latest 2 years ago
Video from Yahoo! Finance predicts problems for housing and stock market again. He got it right the first time. Doubting him this time probably isn't a good idea. #housing...
Blowback! EU upset that Russia would dare fight back over Ukraine sanctions
by darlag   ↑ like (2)   ↓ dislike (1)   80 comments, latest 2 years ago
"...exactly why the European Union has allowed itself to be coerced by the United States to expose itself to such potentially damaging economic turmoil with such an important economic partner...
Alan Greenspan was once an Austrian School economist and gold standard believer?
by darlag   ↑ like   ↓ dislike   69 comments, latest 3 years ago
Yes, he really was. In his own words, “In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe...
25% of Atlantic City casinos gone -gambling becoming a thing of the past in NJ
by darlag   ↑ like (1)   ↓ dislike   69 comments, latest 10 months ago
No buyers could qualify for the bankruptcy sale of Atlantic City’s newest luxury casino, the Revel. It will shutter its doors in September joining other once famous names like Trump...
Jaguar Inflation -- A Layman's Explanation of Government Intervention
by darlag   ↑ like (3)   ↓ dislike   66 comments, latest 2 years ago
EWI Editorial I am tired of hearing people insist that the Fed can expand credit all it wants. Sometimes an analogy clarifies a subject, so let’s try one. It may...
Treasury prices are on the verge of collapse - Yields getting ready to skyrocket
by darlag   ↑ like (2)   ↓ dislike   38 comments, latest 2 years ago
U.S, Treasury yields are about to rise to completely unexpected levels. This rise will probably happen quite quickly and will come as a total surprise to most investors, traders, and...
Another $Trillion in debt in just 12 months as Jefferson says
by darlag   ↑ like (1)   ↓ dislike   38 comments, latest 2 years ago
"The principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale" — Thomas Jefferson In the past 12...
Libertarian Ron Paul accuses Congress of Declaring War on Russia
by darlag   ↑ like (2)   ↓ dislike (1)   30 comments, latest 2 years ago
Former House Representative, Ron Paul, is one of the few members of Congress, past or present, that stays true to his beliefs and to the United States Constitution. It’s safe...
U.S. National Debt clock just keeps on ticking...
by darlag   ↑ like   ↓ dislike   29 comments, latest 3 years ago
Until this clock starts ticking backwards the economic abyss just keeps getting deeper... Debt clock...
U.S. Dollar nearing point of correction - EW update for week ending 1/16/2015
by darlag   ↑ like   ↓ dislike   28 comments, latest 2 years ago
The U.S. Dollar Index is stretched and approaching the point where it will take a rest for a while. Dollar bulls are at an extreme which is a pretty good...
More blowback!! Poland relents, halts reverse supply of Russian gas to Ukraine
by darlag   ↑ like (1)   ↓ dislike   24 comments, latest 2 years ago
In a move that should have been expected but apparently wasn’t, Russia’s gas monopoly, Gazprom, has cut supplies to Poland just before the winter season hits. Why? Poland was caught...
S&P 500 Index -- Elliott Wave update for week ending 2/27/2015
by darlag   ↑ like   ↓ dislike (1)   23 comments, latest 2 years ago
The S&P 500 Index climbed slightly higher, fulfilling last week’s primary projection to complete Minute degree wave [v]. Both the Dow and the S&P 500 closed lower on the week,...
People's Bank of China should have listened to Von Mises instead of Keynes
by darlag in #housing   ↑ like (1)   ↓ dislike (1)   22 comments, latest 2 years ago
“The essence of a credit-expansion boom is not overinvestment, but investment in wrong lines, i.e., malinvestment.” -- Ludwig von Mises Empty housing developments, including whole cities, demonstrate quite effectively that...
Midieval spikes thwart London homeless from sleeping in apartment doorways
by darlag   ↑ like   ↓ dislike (1)   19 comments, latest 3 years ago
The London mayor calls it "stupid" and urges businesses and apartment owners to remove the spikes. Social media outrage says the spikes treat the destitute like "vermin". Disparity between rich...
The Largest Homeless Camp in the U.S. is in Silicon Valley
by darlag   ↑ like   ↓ dislike   18 comments, latest 2 years ago
One would think that one of the richest cities in the United States, San Jose, California, would have very few homeless people. One might also assume that a city, full...

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