Monday, July 04, 2005

4th of July Econo-roundup

Happy Independence Day everyone. As it is a holiday, I have been trying to avoid any original thinking, but I did catch some interesting economic stories. The Warren Buffett Bankruptcy Watch continues, see the earlier posts here and here. Although US markets are closed for the holiday, the Euro is now down to nearly $1.19.

It looks like all those $1.20 sell orders are kicking in. Robert Musil has an interesting update on the legendary Warren Buffett from a couple of days ago.

Scrivener also has a good post on more bad economics reporting from the New York Times. Apparently we have moved beyond Keynesian or supply side economics, to an economics system based purely on the envy of people who have money. Well except for those politically correct upper west side liberal and Hollywood types, the good rich people