Solyndra Just the Tip of the Iceberg
In late October White House Chief of Staff William Daley (left) ordered a complete review of all loan guarantees the Department of Energy has made to various energy projects. The...
About: Bob Adelmann
Posts by Bob Adelmann
U.S. Debt Downgrade by Chinese Rating Agency Is “Inevitable”
A year ago Dagong Global Credit Rating reduced its rating on the sovereign debt of the United States from AA to A+. In August it dropped it another notch...
Keynesians Diss Republican Candidates
CNN’s article by Charles Riley quoted several of the Republican candidates for President out of context and then asked several unknown Keynesian economists — Keynesians believe in growing and...
The Best Way Back to a Gold Standard
In his Forbes magazine article published Thursday, Nathan Lewis makes it sound easy to get back to a gold standard. After all, it has been accomplished numerous times in...
Niall Ferguson Ignores God-given Rights
Niall Ferguson (left), professor at Harvard and the London School of Economics, summarized his latest book, Civilization: The West and the Rest for Newsweek magazine’s The Daily Beast by stating...
Worldwide Recession?
Christine Lagarde, managing director for the International Monetary Fund (IMF), warned that the world faces the risk of a “lost decade” and that “there are dark clouds gathering in...
Jefferson County’s Inevitable Bankruptcy
After three years of trying to solve their self-imposed debt crisis, the Jefferson County, Alabama, commissioners threw in the towel on Wednesday and declared bankruptcy. The bankruptcy, involving over...
A Hard Look at Italy
With yields on Italy’s 10-year government debt rising sharply higher and beyond the seven-percent ceiling deemed unsustainable, Italy is running out of options in finding buyers for its debt....
The Eurozone Continues to Unravel
With Greece’s Prime Minister George Papandreou agreeing to step down in order to secure more bailout funds from the ECB, attention turned immediately to Italy’s financial problems that dwarf...
Obama Is Counting on Myths, Errors, and Ignorance for His Reelection
Nate Silver’s article in the New York Times on President Obama’s reelection chances looked carefully at three major influences that could determine the outcome in November of 2012 and concluded...
Deflation: Good and Bad
Economist Gary Shilling’s claim that the U.S. economy is on the edge of deflation defies the Bureau of Labor Statistics’ recent announcement that inflation is high and increasing. ...
Fed Chairman Bernanke Is on the Defensive
Fed Chairman Ben Bernanke’s news conference on November 2 included the admission that the Fed is depending on hope and patience to see if its continuing strategies of Operation...
The Bankruptcy of MF Global: So Much for Financial Regulation
After spending the entire weekend trying to sell his company, MF Global, Chairman Jon Corzine finally capitulated, and his board declared bankruptcy on Monday morning, October 31. It was during...
The October Jobs Report: Precious Little Good News
There was precious little good news in the latest employment report from the Bureau of Labor Statistics (BLS) for October. Employment rose by 80,000, less than economists expected, and...
Brazil to Replace Great Britain as World’s 6th Largest Economy
With the discovery of huge oil fields off the coast of Brazil in the fall of 2007 came estimates of just what impact they would have on Brazil’s already...