Albert Edwards: Market Still Deluding Itself That It Can Escape The Inevitable Denouement

Normally, I don’t reproduce or excerpt from John Mauldin’s popular e-newsletters, but today he features a writer I particularly like, uber bear Albert Edwards of Societe Generale. To repurpose an old saw about pessimists, bears are bulls who have all the facts. Some of Edwards’ arguments, while well documented, aren’t new: employment stinks, the forward-looking […]

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Hoisted From Comments: Has Neo-Liberalism Failed to Deliver the Goods?

Reader Juan provided a well-argued and provocatively-worded critique of so-called market fundamentalism yesterday that I thought would provide grist for thought and discussion. The main argument in favor of less regulated commerce, both domestically, in the form of deregulation, and internationally, via more liberal trade regimes, is that it generates higher growth. Juan argues that […]

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Coffee Break: The Future and Follies of Science and AI as Automation, for Better or Worse

Part the First: Who Will Supplant the United States in Scientific Research?  Before going any further in answer to The Rev Kev’s suggestion from last week, it is important to note that while the US currently remains the acknowledged leader in scientific research, this is a matter of quantity as much as quality.  Other countries […]

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