Predictions for 2012……. The word “credit” is derived from the Latin “credere” meaning “to trust” – and this is the root of all the problems that face the world for 2012, and beyond. The world is awash in debt – and as you remember, debt is the other side of the of the credit coin. [...]
End of Week Wrap-Up on the French Sewer Project……… Friday December 6th, and the end of the week. Progress has been made. The workers worked today right up to lunch, and then sealed off the area carefully again. They came back after lunch and completed their work for the week. They must have been exhausted [...]
Sewers, sewers, sewers…… Thursday, 5 January – and the same trucks come back and dig, and take more dirt out, and dig and the chartreuse workers yell kind words to each other – fun on the street. I did one of my daily inspection trips to the hole during one of the lulls – about [...]
Work on the French Sewers……… I can now continue with the progress being made by the French State on the sewer problem in my street. When I left you last, the workers had left for the day, and for the year it turns out, and left the sewer continuing to bubble up through the sidewalk [...]
In this edition, I will be comparing the actual 2011 results to my predictions for the year made in January of 2011. This is a very humbling exercise, yet it provides insight into not only what happened, but what moved the markets during the year – and that is very educational for future market movements. [...]
From reader Franz in Luxemburg re last EconomyGuy.com issue: ‘Life in France’ “You perfectly described the reason why the French (and probably all the Europeans) are economically and financially going down the drain. The described sewer cleaning activity is exactly what they are doing to get rid of the common currency stink: lots of noise [...]
Life in France……. Today I feel the urge to talk about the French sewer system. As background, you should know that I live in the old, old, old section of Antibes, and the building where we have our apartment was built (on top of old rubble that was Roman) in 1640. Well, right across the [...]
News From Europe…… The news continues to pour in about Europe and its attempts to stem the crisis of European sovereign debt. Here are some of this week’s headlines: The Italian bond sale went very well as the 6 month notes went for below 4%, a major fall in interest rates. However, the 10 year [...]
Merry Christmas……. This is to wish all the readers of EconomyGuy a very Merry Christmas from all the people at EconomyGuy (that’s Cyrus and Tom). It has been a decidedly amazing year in the economics of the world, and 2012 promises to be even more interesting. We are in the final days of 2011 – [...]
The US Budget explained……. Here is a great explanation of the US Federal Government’s Budget sent in by Cyrus Uible – it’s size, it’s income, its debt – and it relates it to the average American family. While the total debt is now well over $15.1 TRILLION – so these numbers are a little old, [...]
