Entries Tagged as 'doom'

Sunday, November 28th, 2010

How Fiat Dies: 22,727 Golden Geese

The total value of all US public companies is about $13.4 trillion with a P/E of 28 which means total earnings of about $0.5 trillion.  Bernanke’s printing presses make about twice as much money each year as the total earnings of all US public companies. via howfiatdies.blogspot.com

Wednesday, April 21st, 2010

The Fiscal Singularity is Near

I don’t think we will get much past 2020 along our current policy path. I need to work out scenarios more carefully, but the interest cost of the debt as a percent of GDP is the debt times the nominal interest rate. If the nominal interest rate were 10 percent in 2020, then the interest [...]

Thursday, June 18th, 2009

What’s a browser?

Sometimes I forget how self-selected my social circle is… Via mhat.

Monday, March 9th, 2009

I *heart* Jim Rogers

Via gwendally.

Tuesday, January 6th, 2009

LJ cans 12 of 28 employees

[Edit: number of employees fired has been downgraded from 20 to 12.] Awww, this sucks. Better back up your livejournal: LiveJournal, the San Francisco-based arm of Sup, a Russian Internet startup, has cut about 12 of 28 employees — and offered them no severance, we’re told. It’s a good idea anyway (if you care about [...]