A MarketPlace of Ideas                        

Presented by Mike "Mish" Shedlock.

Mike "Mish" Shedlock is author of one of the most read economics blogs on the Internet: Mish’s Global Economic Trend Analysis [http://globaleconomicanalysis.blogspot. com/].

Mish gave an @Google talk, sharing his perspective on the state of the global economy (housing, the stock market, commodities, etc.) He also provides his interesting story about how he started blogging, and the impact that it has had on his life personally and professionally.

In January, Time.com ranked his site the #1 based on a rounded set of criteria [http://www.time.com/time/business/artic le/0,8599,1873144-3,00.html]. From the article:

"Although Mish is not an economist by training, he adroitly gets into the thick of economic data. Mish uses observations made by those in major media, so-called experts and government officials and serves up analysis based on his impression of their relevance and validity. The author is not afraid to attack conventional wisdom."

We are accustomed to thinking of Germany as the bad guy as afterall this is the country that brought us Hitler. A tyrant and a lout. 

However turnabout is fairplay and now we have Angela Merkel acting in the name of freedom and the small guy everwhere.  She is holding firm against a third wave of stimulus.   This appears to have the lefties in a tizzy as it stands to make Obama look bad.  Germany by taking its knocks stands to recover sooner than the USA.  In addition the huge wave of inflation that will hit the USA when the economy finally does recover will not hit europe as hard.  I grieve for what Obama and the left are doing to the republic.   It is clear after the boy-king with sagging man boobs our country will never be the same.

I am however proud of the USA in one respect.   We successfully turned Germany into a country with a leader that is confronting Obama’s tyranny of the money printing press.   This printing press is taking us into slavery and corroding the bonds of interpersonal trust that make us a cohesive society.  Obama is the American Robert Mugabe complete with dellusions of grandeur.

Since we are in the depression of 2008 it is time to recycle a phrase used during the great depression of the 1930′s.  When people are really stretched financially they are said to be doing the following:

   Jack off the dog to feed the cat