Tech Policy

Al Jazeera has the best coverage...

It is perhaps befitting that the best news coverage of the crisis in Egypt (or for that matter Tunisia or Algeria) comes from another new agency in the region -- Al Jazeera is covering these events in a manner shows it's undisputed leadership in reporting important political events of our times, far ahead of any news source I have seen.

Brother, can you spare a dime?

Just because I'm in a foul mood tonight. I have always liked this song -- I first heard it when Jesse played it as a background on his website, before he moved to blog. I am grateful that we are currently not as deep a depression as the 1930s, but I have little doubt in my mind that we are deflationary period in the US economy. My personal opinion is that a long hard slog (at least five years) is ahead of us.

Ben Bernanke Blows my mind....

Ben Bernanke just blew my mind by saying that the success of QE2 can be measured by the 20% increase in the S&P since Fed announced its intention to launch the program! I'm sure that when QE2 ends in the summer, and the stock market is even more overvalued than it is now, Bernanke will launch QE3 to take the S&P towards its 2007 high! This will end badly.