Sunday, February 1, 2009

Are we on the brink of a new dark age?

http://www.telegraph.co.uk/scienceandtechnology/technology/google/4413065/Millions-hit-by-Google-breakdown.html Millions hit by Google 'breakdown'

To avoid oppressive civic obligations, the wealthy fled from cities to establish self-sufficient rural estates. http://dieoff.org/page134.htm

"A Dark Age of Macroeconomics"

Quoting an email [from Paul Krugman], economists who "have spent their entire careers on equilibrium business cycle theory are now discovering that, in effect, they invested their savings with Bernie Madoff." I think that's right, and as they come to this realization, we can expect these economists to flail about defending the indefensible, they will be quite vicious at times, and in their panic to defend the work they have spent their lives on, they may not be very careful about the arguments they make.        http://economistsview.typepad.com/economistsview/2009/01/a-dark-age-of-macroeconomics.html

What Are The People Who Predicted the Financial Crisis Predicting Now?

There are only a handful of people who predicted this financial crisis, or at least its severity. http://georgewashington2.blogspot.com/2008/12/what-do-people-who-predicted-financial.html

http://www.nytimes.com/2009/02/01/world/europe/01russia.html?hp MOSCOW — Protesters held demonstrations throughout Russia on Saturday, offering largely subdued, but pointed criticism of the government's economic policies as the country continues to sink deeper into an economic morass.

http://www.guardian.co.uk/business/2009/jan/31/global-recession-europe-protests

Governments across Europe tremble as angry people take to the streets

http://www.marketoracle.co.uk/Article8593.html Economic & Financial Markets Forecast 2009: Collapsing Global Financial System Ponzi Scheme