Recall that the stated purpose behind the reason why Mario Draghi's ECB is about to launch a European government debt monetization program ranging between EUR500 and 1000 billion is to halt deflation, spark credit creation and rekindle inflation. Alas, if that is indeed the case, then as Deutsche Bank said has already determined apriori, it will be a failure. Here's why from the biggest German bank. First, a broad strokes preview of what the world's most confused Central bank will do this week:
This post Lessons from The Forgotten Depression appeared first on Daily Reckoning.
[“History, n. An account, mostly false, of events mostly unimportant, which are brought about by rulers mostly knaves and soldiers mostly fools.” — Ambrose Bierce, The Devil’s Dictionary]
A host of politicians, world leaders, non-profit powerhouses, and creative minds call the nation's capital home. It's where global change takes shape, and history is made. But those changemakers still eat, drink, and shop like the rest of us — and local businesses serve up all they could want and more.
This is an unedited version of my article that appeared in Sunday Independent, January 6, 2013.Basking in West Florida’s sunshine, downtown Venice is a sleepy affair – a quaint and quiet boulevard full of historic trees, if not historic buildings, leading beaches free of crowds and full of sea birds. An unlikely mirror to the US economy, in many ways, it nonetheless shares in the dynamics of the country’s leading economic indicators.
FORTUNE -- Some people turn to a mentor or maybe even a boss for management insights. Others look to Peter Drucker's books for pearls of business wisdom. Atlanta-area attorney A. Wayne Gill counts on the wisdom of his grandmother. Gill runs a law firm outside Miami; he's bought and sold a few businesses and he is the author of Tales My Grandmother Told Me: A Business Diversity Fable. Despite his considerable business experience, he often recalls lessons he learned while at his grandparents' general store in Jamaica, which he visited in the summers as a child.
After 20 years of success, a popular gastropub located in the small town of Kingsville, Ont. was struggling. So they implemented six easy, community-building marketing tactics and turned to business around
For your Labor Day reading enjoyment, we bring you this guest post by Lawrence B. Glickman, who teaches history at the University of South Carolina and is the author of Buying Power: A History of Consumer Activism in America.