Blog Buzz: Fire Geithner
Tim Geithner, the guy who is in charge of IRS, once defaulted on paying taxes once. That is reason enough not to have him as…
Economy
China’s Big Finger to All the ‘Capitalists’
The essence of Capitalism is that you take risk and ‘invest’ via ownership or debt in a venture. If the venture goes bust, then: If…
Greece: A View from Inside (News Reel)
If you are watching the economic developments around the world through the tainted glasses provided by CNBS, you would think that everything in the world…
Unexpectedly a Lot of “Unexpected” News
If you are following a lot of news on the economy lately, you would have read headlines saying something or other got “unexpectedly” worse. Some…
Go-Go-90s: Introduction (1 of 3)
The purpose of this post is two-fold. To give some background on my earlier blogging (or its predecessor: bulletin board life) on the subject of…
Credit Card Protections in Effect
[Via – ConsumerReports] Today the bulk of the consumer protections of the Credit Card Act of 2009 go into effect. They usher in some strong…
Zero, Nada, Zip: That Would be the Number of Arrests
The legend has it, “Those who fail to learn from history are doomed to repeat it.” [Something like that.] Bill On financial matters, Bill Black…
This is Sad but May be How it Begins
This is not a major news event – but significant, nonetheless. If you take anything to an extreme, what we will be left with is…
How Government Benevolence Contributes to Teenage Unemployment
Teenage unemployment is at 25.5%, an all time high since government started tracking these numbers in 1948. An estimated 1.64 million kids between ages 16…
Another Major Shock to the World Economies?
I am not a ‘chicken-little’ or an alarmist of any kind. But, when I see disturbing developments that are going to affect our livelihood and…
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eRead the Economic Report of the President
Yesterday the White House released the annual Economic Report of the President – a detailed analysis of actions taken by the Administration to address our Nation’s…
The Lone Warrior Against Sleazy Banks
It seems to me that Elizabeth Warren, Chairwoman of Congressional Oversight Panel is the only person fighting for the consumer against the sleazy business practices…
Greece Bailout
Today the Eurozone leaders have announced some sort of a rescue plan for debt burdened Greece. The pledge failed to calm fears. Experts I follow…
Free Markets, My Foot!
Here is a nonsensical rant from a right-wing nut and a CNBS host Larry Kudlow. According to this ‘recovered’ drug addict and yet to recover…
Mark Faber: If US Were a Corporation, its Bonds Would be Junk
Mark Faber doesn’t need introduction. A smart, no, very smart investor. Listen to what he has to say.