The Oil Drum | How to Run an Oil Industry into the Ground

The Oil Drum | How to Run an Oil Industry into the Ground
Oh and we are the 4th largest importor of there oil and with Mexico oil fields failing for the same reason, oil looks to be the best long term play.

Auerback: Where is Huey Long When You Need Him? « naked capitalism

Auerback: Where is Huey Long When You Need Him? « naked capitalism
Let must read. Lite posting to continue for another week

Gonzalo Lira: What Hyperinflation Will Look Like In America

Gonzalo Lira: What Hyperinflation Will Look Like In America

Follow up on the must read

Irish CDS Surges To Record Levels On Potential IMF Intervention, Rumors Of Anglo Irish Default

Irish CDS Surges To Record Levels On Potential IMF Intervention, Rumors Of Anglo Irish Default

Ugly things going down in ireland.

Swiss Trade Unions Make A Politically Shocking Demand: A Two-Tiered Franc

Swiss Trade Unions Make A Politically Shocking Demand: A Two-Tiered Franc

I love the picture cause it only take a spark to set things on fire. Or a snowflake to start an avalachance.

How Hyperinflation Will Happen In America

How Hyperinflation Will Happen In America
Must read of the day

Fed Governor Admits: We're Useless

Fed Governor Admits: We're Useless
Several Random thoughts if the premise of the article is true.

If we accept we have skills mis match and it is not fixable in the short term, is changing how we handle immagration the answer? What if instead of H1 visas we gave all educated people (BS or approve) a green card would we increase the demand down range? Ie more people living here would mean more housing, service industry, more money flowing in the system. H1 is bad for both employees as you can be sent home at the whim of the employer and my drive wages down. While a green card makes you more of a protected class and should translate to a higher pay.

Two if we want to drive more manufacturing back to the USA we need to change the tax code which encourages it.