This post is older, but classical in its approach to the housing crisis. It sheds light on how the crisis started and grew, and why government intervention will hurt rather than help. It is a good, elementary exercise in understanding economics. Government Intervention Is Needed to Solve the Housing Crisis? It Just Ain’t So! By [...]
Archives for November, 2009
Propaganda and The American Myth
“America is crumbling from the foundation up, and yet we gather around the TV, talking about a fresh paint job and a new screen door, both bought on credit, while handing our grandchildren a bill they’ll never be able to pay. The only way we can live with this lie while perpetrating these despicable acts [...]
Rosenberg’s Morning Post
David Rosenberg’s morning post is always worthwhile. I particularly liked this reminder/warning: “there is still so much debt that is still being supported by questionable collateral.” And this comment: “we currently have a situation that is not consistent with a plain-vanilla recession but with a depression.” To access his full report: Read full article (PDF [...]
A Faith-Based Recovery
The propaganda spewing out of Washington regarding an economic recovery has little basis in fact. This article from the Daily Reckoning shows the improbability of a recovery any time soon. A Faith-Based Recovery By Joel Bowman 11/28/09 Taipei, Taiwan – Today we have something extraordinary for you to ponder. We call it, in the prescribed, [...]
Stansberry: Bankruptcy of the US is Now Certain
This article concludes, as did my recent post Spiraling to Bankruptcy. that the bankruptcy of the United States is now inevitable. Porter Stansberry approaches the topic from a different angle, using cash flows and borrowing capacity, to support his conclusion. Stansberry has a great sense of urgency believing “the odds are very high you’ll be [...]
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