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Alhambra Investment Partners’ Dr. John Chapman discusses the current malaise: Recent data on the U.S. economy are not encouraging, and calls for a recession have risen in recent months. But there is after all a big difference between an economy growing at 1-2%, and one not growing, or shrinking, as in Europe at [...] In the spring of 2003 then-Fed Governor Ben Bernanke travelled to Tokyo as the guest of the Bank of Japan’s Tokiko Shimizu, who arranged meetings for him with the then newly-independent BoJ, as well as the Ministry of Finance and Financial Services Agency (Japan’s analogs to the U.S. Treasury and SEC, respectively). During his visit [...] Despots and democratic majorities are drunk with power. They must reluctantly admit that they are subject to the laws of nature. But they reject the very notion of economic law … economic history is a long record of government policies that failed because they were designed with a bold disregard for the laws of [...] We gather tonight knowing that this generation of heroes has made the United States safer and more respected around the world. (Applause.) For the first time in nine years, there are no Americans fighting in Iraq. (Applause.) For the first time in two decades, Osama bin Laden is not a threat to this country. [...] This week several millions of holiday revellers head to places far from home to be with friends, family, and loved ones. And these are indeed cherished moments in a life all too brief for most (a fate which met our Beltway acquaintance Christopher Hitchens this past week), and too grim for many. Indeed, the latter [...] The Daily Capitalist is pleased to welcome John L. Chapman, Ph.D., an Austrian economic theory economist, as a regular contributor to our growing site. Dr. Chapman will publish articles on the economy and markets. He is Chief Economist with Alhambra Investment Partners, an investment advisory firm in Florida. He is also a researcher affiliated with [...] |
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