[frithguild]

Approaching Maunder minimum...

[tcostell]

As an economist and someone who's made his living in the institutional financial services industry for over 20 years, I agree with this assessment 100%.

If the next president does even 1/10th of what Barak Obama says he's going to do (even if that president is John McCain) , it will mean hyper inflation, soaring unemployment, and an economy controlled by global warming and environmental bureaucrats. In fact I would estimate that roughly $1.50 of the current price per gallon of gasoline is related ot investors anticipation of the coming political disaster.

[TheThinker]

Oh, sure, it sounds good to say we're going to stop global warming. But global warming is just a theory. And even if the theory is true, it's just another theory that capping emissions will stop global warming. And even if that theory is true, it's yet another theory that the cost of stopping it will be less than the cost of not stopping it.

Economists are scientists in their own way. This is an example of classical scientific thinking.

[Red Dog #1]

Two thoughts: 1) Full bellies make for empty minds (I wish I remember who to credit for that wonderful quote). and 2) The second coming of Ronald Reagan is coming, but unfortunately we’ve got 4, 8 or 12 years of terrible presidents to live through before it happens.

[RightWhale]

The whole house of cards is floating on oil. 25 years of pain ahead and it was unnecessary.

[rabscuttle385]

Just a month ago the consensus agreed that the economy is already in recession — now the consensus says it's not, and that we won't fall into recession from here.

"Consensus" can be a very dangerous thing.

[r-q-tek86]

ping

[Christopher Lincoln]

Luskin has good news and bad news. I believe the bad news; I'm doubtful about the good news.