Monty Pelerin's World

Economic conditions are deteriorating rapidly. Obama, in full campaign mode, continues to spend money as if we have it. He talks about the deficit problem while he continues to make [...]

  Government is 79% of the Economy Welcome to the world of dysfunctional, bloated and insolvent government. CNBC recently reported on delayed income tax refunds: “…  cash-strapped states such as [...]

Image via Wikipedia Image via Wikipedia Fannie Mae reports third quarter loss of $18.9 billion and requests another $15 billion in taxpayer funds. Another government enterprise comes back to the [...]

While we fret about the nationalization of the health care market, the mortgage market has already been nationalized. Thanks to NII for this email: The Federal gov’t– FED, FHA, Fannie, [...]

Image by wallyg via Flickr Doug Noland’s latest post regarding “The Newest Abnormal” tracks many of the past buzzwords applied to the economy. Past terminology applied to economics and markets [...]

Here is a piece by Chris Martenson that details the Federal involvement in housing. As you read this, recall that it was housing that started this economic crisis and that [...]

We have all been made unwilling investors in Fannie and Freddie, courtesy of our government. I’m not sure how many mortgages you or I own, but the following chart isn’t [...]