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Well, what a swifty the RBA pull today, eh? 100 basis points and Devil take the hindmost. Whack that up yer kilts, all you snake-oil salespersons. Only goes to prove my belief that economists know diddly-squat about what the central bank may or may not do in relation to any given economic...
This post lays the groundwork for, and forms the basis of, what is intended to be the first of a series of discussion threads on issues of global importance. I hope to engage all those who read and wish to discuss or debate at length the pros and cons of each issue. This is not something I would...
Today I saw the teat run dry: 82 year old man in my complex was evicted today. Some people in my complex had seen the letter of eviction posted on his door, so this morning I was outside and I saw two movers moving his stuff out of his apartment while he sat in an old chair outside of his door. I...
It light of our economic problems our country is facing today, I've heard the liberals continually spew that this problem has come about because of the Bush administration. Really? Is that true? I think not and here is an 1999 NYT's article that proves this problem is from the Clinton...
Matt G. speaks his mind.
How The U.S. Government Engineered The Current Economic Crisis by Michael Arrington on September 26, 2008
Got a surprise call from the Good One, a co-worker when I was in Japan with Large multinational automobile manufacturer number 1. He was the Good One, I was The Evil One: More about that in a minute. Caught up on stuff and told him about the blog. He told me that over the years, through e-mails and...
Can a 401(k) loan be a good deal after all? My old pal Paul thinks so. And gets called ridiculous names for it. (Gotta love these here InterWebs!)
I realize I'm just a dumb hick, but when there is problem that was warned about four years ago it can't be a surprise. BUT for some reason those that treat us hicks like 'we don't know nothin' are telling us that we MUST do this thing or Chicken Little will run past us in a big hurry. IF this is as...
Ron Paul gives his take on the bailout to rescue the collapsing global financial markets. 9/24/08 digg it! http://digg.com/world_news/Ron_Paul_on_Fox_Business_News_9_24_08
http://bl105w.blu105.mail.live.com/mail/InboxLight.aspx?FolderID=00000000-0000-0000-0000-000000000001&InboxSortAscending=False&InboxSortBy=Date&n=466853343 The Political Nature of the Economic Crisis September 30, 2008 By George Friedman Classical economists like Adam Smith and David Ricardo...
I needed quarters for laundry, and a walk outside in the pretty morning. I also needed to sate my curiosity. I went to my bank, one block away. This bank usually bustles, even on a weekday morning, because a lot of people in this neighborhood use it. We're probably all enticed by the same reasons--...
A very basic study of capitalism and economics in light of Obama's tax and economic policies
The financial crisis in less than 200 words: The Government created Fannie Mae and Freddie Mac to buy and repackage mortgage loans, as securities. They then sell them on the secondary mortgage market, with a guarantee that the interest and principal will be paid, whether or not the original borrower...
We were told often in the last month or so that the economy was ok. We were told that, while things were slow, the economy would eventually rebound. We were told that government wouldn't need to get into any more firms after brokering the deal with Bear Sterns. Everything was pushing up roses. Now...
I have a take on the "financial crisis" that graces the headlines every day now. It looks to me like the housing dilemma which has caused the bulk of our problems is identical to a crisis I experienced in the early 90s, which I call the Donruss Crisis. It all started in 1986 when Topps, Fleer, and...
Just like JSmooth - I have no idea about what economics is about and now is the time to have faith in the smart guy. So many things are happening with the presidential election right now and the economy and life...it is really overwhelming and should be empowering the public to vote. Do we really...
