The housing market will remain crippled until we eliminate perverse incentives to financialization and speculation, Fed/Federal intervention and all subsidies/giveaways.
If there is one goal that the financial cartels, their politico apparatchiks …
The euro system was doomed from inception for fundamental reasons; trying to conjure up “something for nothing” solutions will fail catastrophically, and soon.
As Europe flails helplessly in the waves of insolvency, its leadership has tossed it a life…
Does anyone take the Merkel-Sarkozy dog and pony show seriously any more? Perception management is not a solution.
For the past 18 months, every time reality threatens to intrude in Europe, Merkel and Sarkozy rush onto the global stage for a repeat…
Interesting anal-anthropological(?) analysis of the Germans, amongst other things.
It’s the conomy, Dummkopf!
If Greece defaults on its debt, the E.C.B. will not only lose a pile on its holdings of Greek bonds but must return the bonds to the Europ…
Flightless birds were not well evolutionarily adapted to kicking the can, whereas can kicking is exactly what eurocrats aspire to…….although these 17 oddly cobbled together countries definitely do have their share of problems to deal with…..not t…
Two major trends are reversing, and trust in centralized institutions is eroding.
I tend to be years early on identifying trends, but three that will make a difference going forward are what I call “The Three Ds”: Delegitimization, Definancializat…
Sure is a lot of folk becoming disabled. Thinks its a racket?
Insolvency Looms as States Drain U.S. Disability Fund
In 2005, SSDI (Social Security Disability Insurance program) began spending more money than it brought in through tax receipts. A h…
Despite the many strengths of Japanese society and culture, and the tremendous reserves of talent, dedication and self-sacrifice of its people, my gut feeling is that this series of devastating earthquakes will have more enduring consequences on the …
Everybody’s Subprime
New York State Seizes Finances of Nassau County
A state oversight board on Wednesday seized control of Nassau County’s finances, saying the county, one of the nation’s wealthiest and most heavily taxed, had nonetheless fa…
March ’08 Cable – Systemic Insolvency Is Now The Problem, Global Bank Bailout Needed – Bank of England’s call for a sovereign consortium to manage the collapse
I have some questions with regard to King’s suggestion about how the crisis should b…
