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The 99.9 Percent

Credit: Odysseas Gp Creative Commons BY NC SA   By John Richardson WHEN the Fed launched its third round of quantitative easing (QE3), a Perth Australia-based investment analyst said: “I get the feeling that people are waking up to the fact that the Fed has lost all ability to improve the real economy. “The balance […]

Beware The Motives of Optimists

By John Richardson IT is always useful to make a note of both what economists are saying and where they are coming from. To give you an example, I was at a conference last year when I heard a ridiculously rosy outlook for both emerging and developed economies, delivered by an economist working for a […]

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