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What The Heck Just Happened?!?

Prepare for more bruising days ahead in the markets
Tuesday, August 25, 2015, 12:37 AM

Okay... time to take a deep breath.

Today was an historic market day.  First for the computer driven plunge that was seemingly unstoppable, and then for the heroic rescue that at one point brought the whole mess back to green (Nasdaq) or close to it (S&P and Dow). » Read more

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Why Our Current Way of Living Has No Future

Rampant malinvestment is creating scarcity of capital, energ
Wednesday, March 6, 2013, 2:25 PM

All of the sordid and spellbinding rackets working their hoodoo on the financial scene have obscured a whole other dimension of the fiasco that America finds itself in, namely the way we have arranged the logistics of everyday life on our landscape – the tragedy of Suburbia.

I call it a tragedy because it represents a sequence of extremely unfortunate choices made by our society over several generations. History will not forgive the excuses we make for ourselves, nor will it shed a tear for the tribulations we will induce for ourselves by living this way. History may, however, draw attention to our remarkable lack of a sense of consequence in transforming this lovely, beckoning New World continent into a wilderness of free parking. In any case, we’re stuck with what we’ve done, and the question naturally arises: What will we do now? » Read more