Tue 2008-07-08 00:00 EDT
Mish's Global Economic Trend Analysis: California Proposal To Rename Sewage Plant After Bush
"Perhaps this will start a trend."
Bush; California Proposal; Mish's Global Economic Trend Analysis; Rename Sewage Plant.
s Topic in The Credit Debacle Catalog
Tue 2008-07-08 00:00 EDT
Jesse's Café Américain: Internal Report Urges Gulf States to Rethink Their Dollar Pegs
Jesse's Café Américain: Internal Report Urges Gulf States to Rethink Their Dollar Pegs; dollar losing reserve status
dollars pegged; Internal Report Urges Gulf States; Jesse's Café Américain; rethink.
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."
Sun 2008-07-06 00:00 EDT
Jesse's Café Américain: The Worst of the Credit Crisis Is Yet to Come - Ted Forstmann
Jesse's Café Américain: The Worst of the Credit Crisis Is Yet to Come - Ted Forstmann
comes; credit crisis; Jesse's Café Américain; Ted Forstmann; worst.
Fri 2008-07-04 00:00 EDT
Angry Bear: Who's your daddy?
James K. Galbraith, collapse of monetarism
Angry Bear; Daddy; s.
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."
Thu 2008-07-03 00:00 EDT
naked capitalism: Moody's Sacks Structured Finance Head Over CPDOs
"eems a move designed to mollify critics without admitting to bad practices in bread-and-butter products"
CPDOs; Moody's Sacks Structured Finance Head; naked capitalism.
Thu 2008-07-03 00:00 EDT
naked capitalism: Are Trichet's Rate Hikes 1930 All Over Again?
"rather have the central bankers simply sit tight and do nothing for a quarter and try to get a better handle on the fundamentals."
Thu 2008-07-03 00:00 EDT
The Necessary War by William S. Lind
The Necessary War, by William S. Lind; reviews Pat Buchanan's "Churchill, Hitler, and the Unecessary War"; demolishing Churchill; "n both World Wars, the U.S. came out a winner because it left most of the fighting to others." "Debunking comic-book history and replacing it with the real thing is vital if America is to avoid the dual trap of cultural Marxism and Brave New World."
Thu 2008-07-03 00:00 EDT
Calculated Risk: Oppenheimer's Whitney: Merrill to Write Down $5.8 Billion
Calculated Risk: Oppenheimer's Meredith Whitney: Merrill to Write Down $5.8 Billion
5; 8; Calculated Risk; Merrill; Oppenheimer's Whitney; writes.
Wed 2008-07-02 00:00 EDT
Peak Oil Debunked: 365. MASSIVE DROP IN U.S. DEMAND IN APRIL
"supply outstripping demand theory of the feverish price action since March s emanating an extremely fish-like odor. U.S. demand down by a whopping 0.8mbd year-on-year."