There is no better way to accumulate wealth than the stock market. It is a miracle wealth, creating machine, but you have to know how to be involved.

Videos A National Energy Guarantee Warmer homes, lower emissions, cheaper bills By Alex Chapman 10 May 2023 A film about the National Energy Guarantee, made by our friends at The Social Guarantee. Alex Chapman outlines a new energy system that...

Open Thread April 29, 2023, Angry Bear, angrybearblog.com Tags: open thread

In an effort to slow down the severe recession as well as the persistently high unemployment rate following the 2007-08 Financial Crisis, the government increased federal spending. As a result, the federal debt reached its limit on multiple occasions from 2008 to 2011 which led to a series of increases of the debt limit. In 2011, the Treasury asked for its borrowing capacity to be extended. The 2011 U.S. Debt Ceiling Crisis led to a contentious...

Dear friends, this is my last post on this site. Coppola Comment has moved to Substack. You can find the new site here. Why the move? Well, Blogger has become increasingly difficult to use. The code generator is buggy and I constantly have to mess around with the HTML to make posts look half decent. I don't have the time for this nonsense. I just need a nice straightforward CMS that doesn't make my life difficult. Also, those of you who subscribed by email will know that for some time now...

Η συζήτηση (;) ανάμεσα στα συστημικά κόμματα ποτέ δεν ήταν ιδιαίτερα σοβαρή και πόσο μάλλον λογικά και επιστημονικά συγκροτημένη. Τα τελευταία χρόνια όμως έχει πλέον ευτελιστεί πλήρως δικαιώνοντας τον χαρακτηρισμό «χώρα που ανθεί η φαιδρά πορτοκαλέα». Πρόσφατα ο Κ.Μητσοτάκης κατηγόρησε τον Ε.Τσακαλώτο ως «μαρξιστή οικονομολόγο», για να ανταπαντήσει ο δεύτερος με κρύα αστεία από παραμύθι. Ο λαός μας λέει «δύο γάιδαροι μαλώνανε σε ξένο αχυρώνα». Ταιριάζει πλήρως στις διαμειβόμενες...

Among the soft obscurantists some aim at truth, but do not respect the norms for arriving at truth, such as focusing on causality, acting as devil’s advocate, and generating falsifiable hypotheses. Others do not aim at truth, and often scorn the very idea that there is such a thing. By assumption, these non-respecters of truth cannot be reached by argument, only by ridicule … Let me mention who they are, by discipline and by name. Disciplines include deconstructionism,...

This Hill article was up on Naked Capitalism’s Links this morning. More of the Democrats urging extreme caution in pursuing the 14th Amendment as a solution to a debt limit which is an agreement between parties and not a requirement. One could always print more money to resolve the issue also. Meanwhile, citizens having little political power presently are being held hostage and ultimately will pay a price. 14th Amendment talk on debt limit...

.[embedded content]

Credit conditions worsen, and likely to worsen further due to Debt Ceiling Debacle II  – by New Deal democrat The Senior Loan Officer Survey, which measures credit on offer by banks, and the demand for credit by their customers, was released yesterday afternoon for Q1, and the news – unsurprisingly – was not good. Credit conditions not only tightened, but they tightened at a higher rate than they had in previous quarters, as about half of...