Sun 2008-07-06 00:00 EDT

Jesse's Café Américain: Lessons from the Panic of 1907

Jesse's Café Américain: Lessons from the Panic of 1907: "almost all panics and crashes are preceded by sustained periods of artificial growth, not based on improvements in productivity, but by a false expansion in the money system, aided and abetted by speculators and financiers." "almost all panics and crashes involves relatively small groups of people who seem to be at the heart of the matter, and are closely interlinked into small cartels of corrupted self-dealing, involving the accumulation of enormous personal fortunes." "always the overextension of credit and excessive leverage" "A free and just society is not a prize to be won or a gift that can be bestowed; it is a recurring commitment, an enduring obligation."

1907; Jesse's Café Américain; Lessons; panic.

Thu 2008-07-03 00:00 EDT

Faustian economics:

Hell hath no limits--By Wendell Berry (Harper's Magazine); "Our true religion is a sort of autistic industrialism"; "our 'identity' is located not in the impulse of selfhood but in deliberately maintained connections"; "in the phrase 'free market,' the word 'free' has come to mean unlimited economic power for some, with the necessary consequence of economic powerlessness for others"; "we confuse limits with confinement...our human and earthly limits, properly understood, are not confinements but rather inducements to formal elaboration and elegance, to _fullness_ of relationship and meaning"; "we want to make our economic landscapes sustainably and abundantly productive, we must do so by maintaining in them a living formal complexity something like that of natural ecosystems. We can do this only by raising to the highest level our mastery of the arts of agriculture, animal husbandry, forestry, and, ultimately, the art of living."

Faustian economics.

Thu 2008-06-12 00:00 EDT

naked capitalism: So Much For Free Markets: Federally Sponsored Mortgages at 90% Share

90; Federally Sponsored Mortgages; free market; naked capitalism; shares.

Wed 2008-05-28 00:00 EDT

Economist's View: "The Predator State: How Conservatives Abandoned the Free Market and Why Liberals Should Too"

review of Jamie Galbraith's "The Predator State" by L. Randall Wray; "market solutions are designed to enrich a favored oligarchy through a spoils system administered through the states structure"

Conservatives Abandoned; Economist's View; free market; liberalism; Predator state.

Wed 2008-04-09 00:00 EDT

Sudden Debt: Free Markets vs. Cronyism

"Free markets...without tight regulation...rapidly deteriorate towards crony capitalism"; "excellence in market regulation leads to better and freer markets"

cronyism; free market; Sudden Debt.

Wed 2008-03-26 00:00 EDT

naked capitalism: Wolf: Free Market Capitalism Just Passed Its Peak

"Bear Stearns bailout as the high water mark of free market capitalist ideology."

Free Market Capitalism Just Passed; naked capitalism; peak; Wolf.

Sat 2008-03-22 00:00 EDT

The Wall Street Journal's Web site is already (secretly) free - Machinist - Salon.com

com; free; Machinists; Salon; secret; Wall Street Journal's Web site.

Sun 2008-01-27 00:00 EST

Electric Politics | Bubbles, Bailouts, and Free Money

by Werther; "Fascism is a business strategy whose simple, consistent, bludgeoning rationale is, privatize the profits and socialize the losses."

Bailout; bubble; Electric Politics; free Money.

Thu 2008-01-17 00:00 EST

naked capitalism: Banks and Auditors Get a Free Pass From Supreme Court

"If there was any pretense that this country was anything other than a plutocracy, today's Supreme Court decision should have dispelled that illusion." Stoneridge v. Scientific-Atlanta

auditors; bank; free pass; naked capitalism; Supreme Court.

Mon 2008-01-07 00:00 EST

Hussman Funds - Weekly Market Comment: Minding the Hinges on Pandora's Box - January 7, 2008

"increasingly enthusiastic about the emerging 'dispersion' in valuations"; distinguish alpha, beta, risk free returns; alpha responsible for majority of the returns in the Strategic Growth Fund over time

2008; hinges; Hussman Funds; January 7; mind; Pandora's Box; weekly market comments.

Thu 2007-12-27 00:00 EST

Money Matters: Free Trade Rammed Down Our Throats

by Elaine Meinel Supkis; Japanese carry trade "flood of money exiting Japan is the root cause of the coming equity collapse"

Free Trade Rammed; money matters; throat.

Tue 2007-10-02 00:00 EDT

naked capitalism: The Rise of the Free Trade Heretics

2007-04-14; Ralph Gomory; divergence of interests between multinational firms and their home country

Free Trade Heretics; naked capitalism; rising.

Thu 2007-09-13 00:00 EDT

US Heads for Recession as Foreign Investors Rush for the Exit from US Dollar Holdings :: The Market Oracle :: Financial Markets Forecasting & Analysis Free Website

US Heads for Recession as Foreign Investors Rush for the Exit from US Dollar Holdings, by Mike Whitney; The Market Oracle

Analysis Free Website; dollar holdings; exit; Financial Markets Forecasts; Foreign Investors Rushing; Head; Market Oracle; Recession.

Tue 2007-08-28 00:00 EDT

Hussman Funds - Weekly Market Comment: August 27, 2007 - Knowing What Ain't True

"Since 1999, the stock market has essentially gone nowhere in an interesting way, compared with risk-free Treasury bills." "One can go some distance in a mine field without anything blowing up it's just that the overall odds aren't good"

2007; ain't true; August 27; Hussman Funds; know; weekly market comments.

Tue 2007-03-20 00:00 EDT

RGE - Who is to Blame for the Mortgage Carnage and Coming Financial Disaster? Unregulated Free Market Fundamentalism Zealotry

by Nouriel Roubini

blames; Coming Financial Disaster; Mortgage Carnage; RGE; Unregulated Free Market Fundamentalism Zealotry.

Mon 2007-03-19 00:00 EDT

RGE - Who is to Blame for the Mortgage Carnage and Coming Financial Disaster? Unregulated Free Market Fundamentalism Zealotry

blames; Coming Financial Disaster; Mortgage Carnage; RGE; Unregulated Free Market Fundamentalism Zealotry.