Reports like those that follow help make it clear that the problems we face are structural rather than cyclical. Myriad bad policies and a distorted sense of economic reality -- no doubt fed by ruthlessly self-interested corporate and political interests...
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Author Archive
We Can Only Dream
Not Buying ‘the Light at the End of the Tunnel’ Scenario
I've highlighted news and other reports indicating that conditions on Main Street are far worse than your average Wall Streeter believes they are. Interestingly enough, even those who are ostensibly benefiting from the bullish-Kool-Aid-induced euphoria that's keeping share prices afloat...
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Not Coming Back
The "Money" section of USA Today has a cover story by Adam Shell, "Could Investors Fleeing Stocks Become a Lost Generation?" featuring insights from yours truly. Among other things, I argue that "the lost generation is not coming back" and...
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Another Installment of ‘Scenes from a V-Shaped Recovery’
In honor of today's single-positive-data-point-driven-triple-digit rally, I thought it would be a perfect time for another installment of "Scenes from a V-Shaped Recovery": "Financial Depression Spreads Among Seniors" (Blacklisted News) President Obama has U.S. taxpayers paying billions to meet the...
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‘The Consumer is Totally Wrecked’
Yes, I'm sure it reflects confirmation bias on my part, but it's hard to ignore Howard Davidowitz's thoughts on the state of the economy given that he has in recent years been correctly pessimistic on prospects for a sustainable recovery....
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Wrong Direction
According to USA Today, "Government anti-poverty programs that have grown to meet the needs of recession victims now serve a record one in six Americans and are continuing to expand. Hmmm. Not exactly a V-shaped recovery, is it?
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Interesting Viewing
A documentary on the financial crisis which premiered in May, Overdose: The Next Financial Crisis, is now posted on YouTube. Based on Swedish writer Johan Norberg’s book Financial Fiasco, the film features insights from Peter Schiff, Gerald Celente, and others...
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‘Seeing Things for What They Are’
Although it does a pretty good job of keeping economic reality under wraps, sometimes bubblevision TV -- er, CNBC -- slips up and brings guests on-air who haven't drunk the Kool-Aid that many Wall Streeters and Washington policymakers knock back...
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No Longer a Sacred Cow
Most people would probably agree on many, if not all, of the core services that a municipal government should provide. Arguably, the majority will involve protecting life and property, including upholding the rule of law. Why is it, then, that...
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Growing Concerned Once Again
I've often made fun of the so-called smart money. Among other things, many of those who hold themselves out to be experts on financial matters failed to see the financial crisis coming and totally missed the boat when it came...
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TweetMeme – Finance
- FT.com / Technology - Oracle looks to give Hurd leading roleOracle looks to give Hurd leading role: By Joseph Menn in San Francisco Oracle's board will meet within days to vo... http://bit.ly/9WhXp00 comments […]
- FT.com / Technology - Google warned on China plansGoogle's technological lead over Baidu has eroded, the company's former China head has said, highlighting the increasing challenges western internet companies face in the world's most populous internet market0 comments […]
- Time for retailers to plan for the worst - TelegraphManagement expert John Timpson tackles investment decisions, female board directors, and retirement ages.0 comments […]
- FT.com / Columnists / Lucy Kellaway - Twitter is no way to manage a smelly messAn offhand comment on the site by a well-known smart alec triggers corporate overkill from Starbucks, writes Lucy Kellaway0 comments […]
- FT.com / In depth - Tories head off alternative-vote rebellionA threatened Conservative rebellion on voting reform – which could have raised serious tensions within the coalition – looks to have been averted after intense pressure by the whips0 comments […]
- Home owners to be moved off interest-only mortgages - TelegraphHome owners with interest-only mortgages are being made to pay higher monthly payments after being moved onto repayment deals amid fears of a double-dip in the housing market.0 comments […]
- FT.com / Capital Markets - Eurozone governments to step up borrowing in SeptemberThe eurozone debt crisis is about to enter a dangerous phase as governments prepare to step up borrowing in the capital markets to fund their faltering economies0 comments […]
- FT.com / Capital Markets - Eurozone governments to step up borrowing in SeptemberThe eurozone debt crisis is about to enter a dangerous phase as governments prepare to step up borrowing in the capital markets to fund their faltering economies0 comments […]
- New Zealand Earthquake Reconstruction Likely to Cost About $1.4 Billion - BloombergNew Zealand Earthquake Reconstruction Likely to Cost About $1.4 Billion - Bloomberg http://bit.ly/azUAW60 comments […]
- Wall Street faces an economy at a 'crossroads' - Sep. 5, 2010Wall Street faces an economy at a 'crossroads' http://bit.ly/cUqRE00 comments […]
- More people say economy is in poor shape - Sep. 5, 201081% rate U.S. economy as 'poor' - CNN poll http://bit.ly/cdghcs0 comments […]
- Israel stocks up; deals in property, cars in focus Israel Stocks - MarketWatchIsrael stocks up; deals in property, cars in focus Israel Stocks - MarketWatch: http://bit.ly/bxY4kl via @addthis0 comments […]
- FT.com / Capital Markets - Eurozone governments to step up borrowing in SeptemberThe eurozone debt crisis is about to enter a dangerous phase as governments prepare to step up borrowing in the capital markets to fund their faltering economies0 comments […]
- FT.com / Japan - Kan in close fight to remain Japanese PMNaoto Kan, Japan's prime minister, is locked in an extremely close race with ruling Democratic party challenger Ichiro Ozawa, according to polls of the party members that will decide this month's DPJ leadership election0 comments […]
- FT.com / FTfm / Investment strategy - Protection of money market investors at riskSponsors will be less likely to bail-out money market funds to avoid breaking the buck0 comments […]