Archives for “Economy”

This great little graph from CR shows where all that apparent 'wealth' of the last decade came from.. mortgage equity withdraw.

Now I actually like Sheila Bair better than just about anyone else at the Treasury, FED and FDIC combined, but the talking points on this ...

Time machine posts come from my cache of articles related to the Great Unwind, and are pretty fascinating look back at where we've been during ...

Via WallStreetWatch.org: The financial sector invested more than $5 billion in political influence purchasing in Washington over the past decade, with as many as 3,000 lobbyists ...

Decent summary of the major pieces of the credit crunch.  Unfortunately, not much mention of ratings agencies, monoline insurers, ABS complexity or macro-level monetary theory, ...

In a sign of what may be the future for more than one former Eastern Block nation, Latvia has defaulted after a week of rumors ...

The meme that Social Security is bankrupting the United States is beginning to rear its ugly head again as those opposed to entitlement programs are ...

Joseph Stieglitz to World Economic Forum in Davos: Any decision by President Obama to establish a 'bad bank' to buy up toxic assets would amount ...

As the crisis in the US deepens, we hear frighteningly little analysis of the geopolitical fallout of credit destruction. Naked Capitalism's Yves Smith reminds ...

Please check out this video compilation of Peter Schiff predicting the severe credit crunch consequences as we are now beginning to feel in the real ...

Does anyone else find this shameful? In a speech this morning, Paulson laid out his priorities for some $350 billion of the bailout fund that remains ...

Here's a great article from Minyanville's Kevin Depew on the Potential for a hyper-inflationary scenario, versus our present deflationary trajectory. A lot of people ...

This great article from Housing Wire brings attention to some early action unfolding in the Alt-A mortgage wave. As discussed in an earlier post, ...

Just a quick plug for this excellent film (Via Big Picture).  Shot mostly in 2006, the film starts as an expose on credit card usury, ...

First, I'll start with a must read macro-perspective from the inestimable Noam Chomsky: The United States effectively has a one-party system, the business party, with two ...

Another bloodbath day for the DOW, which is off 20% from its pre-bailout peak, along with the S&P 500, which is off 40% (and Gold ...

This morning I watched this excellent panel discussion with Nouriel Roubini, Brad Setser and Benn Steil. A can't miss macro-discussion of the current ...

While the din of fear and panic over the Bailout legislation drowned out the voice of the American public, we learned this week that acting ...

At $45 trillion, the notional amount of CDS in existence is now fast approaching the total amount of credit market debt outstanding in the entire ...

From Calculated Risk: It now looks like the National Debt will be over $10 Trillion tomorrow. As of Sept 29th, the debt was $9,945,578,231,981.59 The surge in the ...

Wow, just wow!  Hopefully they will stay in Washington and implement a plan that has a chance in hell of working. This is a rare victory ...

It is getting difficult to find this picture anymore: From a press conference held on June 3, 2003 — Pictured are Bush Administration officials from ...

We are at a critical juncture in our country's history.  Congress is being pressured to pass a bailout package that will cost the taxpayers trillions ...

Please read this, Petition: Economists against the Paulson Bailout Plan.