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Tag Archives: Great Depression 2.0
Paul Krugman’s Advice to Italy and Spain: Inflate and Stimulate
Paul Krugman continues to think that what’s going on in Greece, Italy, and Spain says nothing—nothing!—about the political culture surrounding welfare statism in Europe and everything about the way the euro ties the hands of those making monetary policy: Japan is much more deeply … Continue reading
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Tagged 2012, economics, economy, europe, Great Depression 2.0, Greece, Italy, Paul Krugman, predictions, spain
2 Comments
“Inside Job” documentary: a must see
If you haven’t seen Inside Job yet, it’s a must see. I’ve watched it on DVD three times over the past week. It’s one of the most powerful documentaries I’ve ever encountered (and I’m a longtime follower of documentaries). Liberal or conservative, … Continue reading
Posted in Uncategorized
Tagged America, banks, corruption, economics, finance, fraud, goldman sachs, Great Depression 2.0, inside job, lehman brothers, wall street
4 Comments
The Global Financial Crisis 101
Perhaps the most honest, clear, and perceptive take on the international financial crisis to date:
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Tagged bankers, comedy, economics, finance, fraud, Great Depression 2.0, humor, life
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California is Spain: A Debt Crisis Looms for the Golden State
This is front page news in the New York Times today, and, as a California resident, it’s alarming: [M]any state and local governments have so much debt — several trillion dollars’ worth, with much of it off the books and largely … Continue reading
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Tagged America, California, debt, debt crisis, economics, economy, gold, Great Depression 2.0, illinois, jerry brown, new jersey, Sarah Palin
3 Comments
While you were sleeping, Europe’s Greece crisis was deepening
This at the UK’s Guardian: “The crisis in Greece could pose as big a risk to the global economy and financial markets as the collapse of Lehman Brothers did in September 2008”, said Julian Jessop, of Capital Economics. He added: … Continue reading
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Tagged debt, economics, global economy, gold, Great Depression 2.0, niall ferguson, panic, recession, silver
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From Liberty Bonds to Bailout Bonds?
The NY Times says that Barack Obama is contemplating letting small individual investors in on the bank bailout—wedding Main Street to Wall Street. Like a mutual or bond fund, you would buy shares, perhaps for as little as a few … Continue reading
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Tagged bailout, economy, Great Depression, Great Depression 2.0, main street, recession, Russia, The Great Gatsby, wall street
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Don’t Question or Mock Authority? Jeff Zucker Responds to Jon Stewart by Sounding Like the Pope
Speak truth to power. NBC’s Chief Executive, Jeff Zucker, is pissed at Jon Stewart for mocking CNBC “authority” on matters of business. So reports Reuters: “Just because someone who mocks authority says something doesn’t make it so,” Zucker said, describing the … Continue reading
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Tagged America, business, economics, economy, Great Depression 2.0, jim cramer, Jon Stewart, recession, rich, wall street
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Conservative David Frum Calls Out Glenn Beck of Fox News for Passing Out Conspiracy Literature to His In-Studio Audience
Conservative David Frum, of New Majority, notes that Glenn Beck (of Fox News) has been promoting ONE WORLD ILLUMINATI conspiracy theories: The audience for Beck’s Friday night special were each given copies of two books. One of them was Cleon Skousen’s Five Thousand … Continue reading
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Tagged authoritarianism, conservatism, conspiracies, David Frum, fascism, Fox News, glenn beck, Great Depression 2.0, Illuminati, Politics, religion
5 Comments
Fareed Zakaria’s GPS is the Best Political Talk Show on Television
I’m blown away by the consistently high quality of Fareed Zakaria’s CNN Sunday show, “Fareed Zakaria’s GPS.” He always seems to find, for his show, the super smart among the super smart, and they always seem to have a thought provoking, … Continue reading
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Tagged economics, economy, fareed zakaria, foreign policy, Great Depression 2.0, nobel prize, Politics, recession, wall street
1 Comment
Jon Stewart Takes Down Jim Cramer and Other Fatuous CNBC Business Show Prognosticators
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Tagged banks, business, economics, finance, Great Depression, Great Depression 2.0, jim cramer, Jon Stewart, Politics, recession, social psychology, wall street
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“I’m Still Falling”: A Russian Joke and the Global Economy
There is a Russian joke that I like, and that bears upon the global economy. It goes like this: Ivan sees his friend, Dmitri, fall into an old well. Ivan runs up to the rim of the well and calls down, “Oh my God, … Continue reading
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Tagged comedy, economics, economy, Great Depression 2.0, humor, wall street
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Don’t Buy Yet?: Yale Economist Robert Shiller Thinks the Housing Market is Only Halfway to Its Bottom
Yale economist, Robert Shiller, thinks we are only halfway to the bottom of the housing market, and, in consequence, that the economy’s general recovery is still 3-5 years off. See a five minute interview with Shiller, and a chart that he … Continue reading
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Tagged depression 2.0, economy, Great Depression 2.0, housing, markets, real estate, robert shiller, wall street
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Prometheus Unbound 