Sunday, February 20, 2011

Joseph Stiglitz : we spend too much on prisons and healthcare

Joseph Stiglitz : ".... in some states now we are spending as much on prisons as we do on universities , well that's good for GDP ..." " is not good to have so many people in prison and it is symptom of something dysfunctional , now we can have all discussions about what it is dysfunctional . but it is not positive ...another example is we spend more on healthcare than any other country as a percentage of GDP and our health outcomes are much lower than any other industrial countries and actually lower than many developing countries , well the extra money that we spend on healthcare shows up as a contribution to GDP if we got more efficient our GDP could go down ...

Glenn Beck The Coming Insurrection 2/11/ 2010

From 2010
The Coming Insurrection. What is Coming in Europe and How To Prevent it From Happening in America. Guests Tonight: Authors Niall Ferguson, Brian Doherty and Damon Vickers of Nine Points Capital Partners

Dr. Marc Faber Tomorrow's Gold

Dr. Marc Faber author of the Gloom, Boom and Doom report is a world class Investor, Doctor Faber 's typically controversial and contrarian views have earned him the label of Dr. Doom. Doctor Doom also trades currencies and commodity futures like Gold Natural Gas and Crude Oil.Even his harshest critics must admit that he's been unerringly correct in his market forecasts over the past three decades . Marc Faber is a Swiss investor.He was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, which acts as an investment advisor and fund manager. Faber is publisher of the Gloom Boom & Doom Report newsletter and is the director of Marc Faber Ltd which acts as an investment advisor and fund manager.

Dr Faber studied economics at the University of Zurich and, at the age of 24, obtained a PhD in economics. He publishes a widely read monthly investment newsletter The Gloom, Boom & Doom Report, which highlights unusual investment opportunities, and is the author of several books, including Tomorrow’s Gold – Asia’s Age of Discovery which was first published in 2002 and highlights future investment opportunities around the world. Tomorrow’s Gold was for several weeks on Amazon’s bestseller list and has been translated into Japanese, Korean, Thai and German. A regular speaker at various investment seminars, Dr Faber is well known for his contrarian investment approach. He is also associated with a variety of funds.