When people find themselves in a situation where they feel they don’t have a decent grip on the risks they face, or where a great deal of critical information is hidden from view, emotions can easily overwhelm rational decision-making. Is it so farfetched to think that a sudden loss of confidence in the United States’ ability to manage its finances could evoke similar fears about just how large and widespread the fallout might be? Words: 1026
April 14th, 2010 | Posted in Debts/Deficits | Read More »
Here are [6 of my 11] my prognostications in the areas of the economy, domestic politics, global geopolitics, and the investment markets: The US Dollar will fall to record low; house prices will fall a further 10%; interest rates will rise; unemployment rate will rise to 11%; oil prices will exceed $100; the stock market will drop 30%. Let’s hope I’m wrong! Words: 681
March 15th, 2010 | Posted in 2011-12 Forecasts,Economy | Read More »
The ‘Money Industry’ bought control of America and, as such, bought control of the American political system and, in the process, betrayed America’s trust in them. They are still in control and there is no end in sight. Words: 1611
March 12th, 2010 | Posted in Banking | Read More »
What did the investment bankers at Bear Stearns ever do to earn their millions of dollars in bonuses? Where were the regulators when traders at Bear and other Wall Street firms peddled trillions of dollars in mortgage-backed bonds and derivatives, only to realize, too late, that no one had a clue what they were worth? The author keeps the you-are-there factor high much like a Shakespeare play, complete with three acts and characters dialoguing their way on and off stage. Words: 689
March 1st, 2010 | Posted in Economy | Read More »
You’ve probably heard that the economy is recovering, that consumers are more optimistic, and that companies might soon begin hiring more workers than they’re firing. Hooray. The only problem with such an upbeat prognosis is that large chunks of the U.S. economy remain addicted to financial painkillers. Words: 845
January 15th, 2010 | Posted in Economy | Read More »