A Bull Market In Risk Continues to Rage
Posted in Main Blog (All Posts) on February 28th, 2011 5:31 am by HL
A Bull Market In Risk Continues to Rage
Bill Fleckenstein, MSN Money
2/25/2011 11:53 AM ETBy Bill Fleckenstein, MSN MoneyWhen stocks are driven higher by central bank money-printing, they also get riskier. That's exactly what is happening now, and it's sure to end badly.Related topics: gold, economy, Federal Reserve, China, Bill FleckensteinSpeculative fervor has continued relatively unabated so far this year, such that four of my six previous 2011 columns for this site have dealt with that topic either directly or indirectly. And I'm now making it five out of seven.The message seems to be getting through, to some extent. Even the “Heard on…
Big Labor’s Dilemma
Robert Samuelson, Newsweek
WASHINGTON — What we are witnessing in Wisconsin and elsewhere is the death knell of Big Labor. Once upon a time, most Americans could identify the head of the AFL-CIO. He was George Meany, the cigar-chomping ex-plumber who ran the union federation from 1955 to 1979. He was one of the nation's great power brokers, much quoted and wooed by presidents. It's doubtful that as many Americans can name Meany's present successor. (Answer: Richard Trumka, ex-head of the mine workers' union.) The American labor movement has been in eclipse for decades, but public- sector unions…
Wisconsin Already Rifled the Deep Pockets
Patrick McIlheran, RCP
Wisconsin is $3.6 billion worse than broke next budget, and unions don't much like Gov. Scott Walker's cure, a central part of which is cut their dreamy benefits and restrain their power to bargain them still higher.But the teachers largely went home this past week, leaving the Capitol protests to the harder left — Madison's permanent party of retiree rads with heads full of Chomsky, and mohawked kids there to party against The Man. The Wobblies have a banner up; the “Revolutionary Communist Party” displays its manifesto. The politics were more distilled. Receive…
