"High birthrates, poor education, a male aversion to manual labor or service roles, social strictures against women working, low wages accepted by foreign labor, and deep structural rigidities in the economy, compounded by pervasive corruption, all have led to a decline in living standards and to the toxic and intransigent unemployment problem among young Saudis."
-From On Saudi Arabia (p. 160)
Just what the world needs right now, a supply shock when it comes to the biggest producer and exporter of its most important commodity.
Broken Money
The subtitle is Why Our Financial System is Failing Us and How We Can Make it Better , and the author is Lyn Alden (2023). I feel like I hav...
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In light of my previous post, here's what I'm thinking: buy some GLD $180 calls that expire 3/16/13. Right now, you can get them fo...
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When it comes to understanding what's going on in the world -- and, by that, I mean the real facts and actual implications, rather than ...
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I came across an interesting post on Paul Krugman's blog presenting a recent speech that he gave in Europe. I have always found him ver...