Tue 2008-09-23 00:00 EDT
naked capitalism: Bernanke Tells Congress Economy Will Contract if Bailout Bill Not Passed (Updated)
Bailout bill; Bernanke Tells Congress Economy; contraction; naked capitalism; passed; Update.
economy Topic in The Credit Debacle Catalog
Wed 2008-09-03 00:00 EDT
How the Chicago Boyz Wrecked the Economy: An Interview with Michael Hudson
by Mike Whitney; "what they're trying to do is to roll back the Enlightenment, roll back the moral philosophy and social values of classical political economy and its culmination in Progressive Era legislation, as well as the New Deal institutions...So what you find to be a violation of traditional values is a re-assertion of pre-industrial, feudal values. The economy is being set back on the road to debt peonage."
Sun 2008-08-24 00:00 EDT
Guest Commentary
The Great Consumer Crash of 2009, by James Quinn (Prudent Bear); ``the tremendous prosperity that began during the Reagan years of the early 1980s has been a false prosperity built upon easy credit''; ``We have outsourced our savings to the emerging economies, along with our manufacturing jobs.'' ``the gathering storm has arrived. It will be long, painful and destructive.''
Sun 2008-07-06 00:00 EDT
``The System is Broken. We're Entering a Two Economy Society'': An Interview with Michael Hudson
"The System is Broken. We're Entering a Two Economy Society": An Interview with Michael Hudson, by Mike Whitney; democracy precedes oligarchy; reframing tax policy; fraudulent conveyance applied to minimize foreclosure; "Credit is a product that's almost free to create. Its main cost of production is the lobbying expense to buy Congressional support."
broken; Economy Society; enters; interview; Michael Hudson; Systems.
Sun 2008-07-06 00:00 EDT
naked capitalism: On Banks Ignoring Risk Warnings From the Troops
"despite all the talk of economies of scale, it's utter rubbish"
Fri 2008-06-06 00:00 EDT
Jesse's Café Américain: To Restore Our Economy the Banks Must Be Restrained
Jesse's Café Américain: To Restore Our Economy the Banks Must Be Restrained; Bloomberg commentary by Mark Gilbert, "Time to Put Investment Banking Back in Its Box"
Mon 2008-04-28 00:00 EDT
naked capitalism: Planning and Investing in an Uncertain Economy
(advice for young adults)
Fri 2008-04-11 00:00 EDT
naked capitalism: China's Foreign Reserve Increases Accelerate Despite Yuan Appreciation
"Having become a service economy and sent so much manufacturing overseas, a cheap dollar may not produce the benefits the US hoped to achieve."
China's Foreign Reserve Increases Accelerate; naked capitalism; Yuan Appreciation.
Mon 2008-03-31 00:00 EDT
Mish's Global Economic Trend Analysis: Who's Holding The Bag?
Buffett versus Greenspan on derivatives; "the development of credit derivatives has contributed to the stability of the banking system", or "rapidly growing trade in derivatives poses a "mega-catastrophic risk" for the economy"; 2007-07-04
Thu 2007-09-27 00:00 EDT
Winter (Economic & Market) Watch >> Meanwhile the Real Economy
Winter (Economic & Market) Watch >> Meanwhile the Real Economy (working around Ministry of Truth data: cement, rail cars, shipping containers, truck tonnage)
Wed 2007-09-19 00:00 EDT
The Lies of Alan Greenspan
by William Greider; "always spot reasons to stomp on the real economy of work and production, but was utterly blind to the destructive chaos in the financial system"
Fri 2007-09-14 00:00 EDT
Minyanville -
Minyan Mailbag: Has the Fed Added Liquidity to the Markets? "it is not the Fed that creates liquidity in an economy; it is the commercial banking system"
Fri 2007-09-07 00:00 EDT
FT.com print article
Questions and answers on a sadly predictable debt crisis, by Martin Wolf, Financial Times; credit expansion, financial innovation; irresponsibility in the core of the world economy