Thursday, July 3, 2014

An interesting mini tour of Helsinki and a full blown tour of Eric Saarinen's home and studio on the outskirts of Helsinki plus a coffee stop at     's studio and home.  Saarinen's influence on 20th century architecture was major.  Dinner in suite.




CRONY CAPITALISM IS AN IMPORTANT ISSUE:Question is, where do we go from here?

WHO WOULD PAY ANYTHING TO HEAR WHAT THIS HORRIBLE HARRIDAN HAS TO SAY:Well now we know the fix is ins at both public and private so-called institutions of higher learning. Pathetic.

THIS WILL NOT END WELL:  Question of the day:  What universe do the economists who manipulate our currency live in?

Further to yesterday’s note on “Behind the Levitation” about the Federal Reserve’s easy money policy, Ron Greiss of The Chart Store kindly sent along these four graphs that display the astronomical expansion of the Fed’s balance sheet in the aftermath of the crash of 2008.  These make for sober viewing indeed.  Hard to see how this ends well (click to enlarge any of these):

Ron Greiss notes that correlation does not equal causation, but still: