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Day: August 5, 2011
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George Rebane [This is the transcript of my regular bi-weekly KVMR-FM 89.5 commentary aired on 5 August 2011. It was recorded on the morning of 4 August 2011 before the markets took their 6% historic swoon. As has been reported for some considerable time on RR, this market reaction is expected and reflects how the…
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George Rebane For the last years I have been telling RR readers that California was heading toward becoming a ward of the federal government – in short, federalized (e.g. here). As with many major and momentous changes, I believe this was apparent to anyone who had a facility with arithmetic, and understood the basics of…
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