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Sightings of ”green shoots” of recovery were as common during the Great Depression as they are now — and just as pathetic. Benjamin Roth recorded the economic roller coaster ride for posterity in a diary that was the subject of a New York Times article published over the weekend. “How it was all over by 1930 — but it wasn’t. How everyone was giddy from all the government stimulus in 1935 and 1936 — and the sudden and dramatic reversal in 1937 and 1938. It resonates, especially at a time when all the mainstream economists focus so intently over the latest tick in the regional manufacturing indices or jobless claims or inventory-sales ratios. You have to go beyond the confines of Wall Street to see what is really going on beyond the trees — this was not a recession brought on by excessive inventories, or by inflationary pressures for that matter.” Click here to access this must-read article.
The New Yorker magazine recently delved into the question of whether Martin Armstrong is a con man, a crook or a genius. Click here to access the article.
Here is Col. Richard Kemp, former commander of British forces in Afghanistan, flatly contradicting the Goldstone Report that accuses Israel of war crimes in Gaza during Operation Cast Lead. “The Israeli Defense Forces did more to safeguard the rights of civilians in a combat zone than any other army in the history of warfare,” Kemp testified before the U.N. Human Rights Council. ”Israel did so while facing an enemy that deliberately positioned its military capability behind the human shield of the civilian population.” Click here to access a short excerpt from Col. Kemp’s presentation.
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Rick Ackerman is the editor of Rick’s Picks and a partner in
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No Recession at Apple
by Rick Ackerman on October 20, 2009 2:32 am GMT · 3 comments
Apple shares took a stealth approach yesterday to achieving a 199.90 rally target that we’d touted last week as a “lead-pipe cinch.” The stock had gyrated gratuitously all day, settling a measly $2 higher at 189.95; then, after the close, it rocketed $15 higher. It’s hard to imagine why every investor on the planet would not have been long AAPL shares when regular-hours trading ceased at 4 p.m. Eastern. Shortly thereafter, Steve Jobs & Co. announced a 47% jump in quarterly profits. This could have surprised no one who has been to the mall lately, since Apple stores are among the very few that teem with activity » Read the full article