financial crisis

I think it has ben brought up here before, but a search came up empty. Had this conversation with my wife and my mom this weekend. Two of my friends have parents that need serious medical care. One of my friends has a dad who has been living with Parkinson's disease. They are looking to move...

This thread is a branch from this one: Why Do Conservatives Hate Obama? Rather than further derail the original topic, I decided to post this as a new thread: Actually, prices did rise universally across the country, in a sense. They rose in every state, and the average rose. (If this...

The Dylan Ratigan Show, In America Today: "...getting closer to fully exposing the greatest con and the cover-up in the history of this country. It involves our banks, the Federal Reserve, our Congress, and, of course, you and me." - ppkniGDDSV4

Studying economics during a major financial crisis, and hearing what people have to say about it, I cannot help but think, "All right, you´ve been learning this for several years, now what does all this hard-won knowledge tell you?" I think we can all agree that the crisis was not a good...

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‘A Presidential Energy Policy. Twenty-five Points Addressing the Siamese Twins of Energy and Money.’ by Michael C. Ruppert http://rubiconworks.com/ “Michael Ruppert does not mince his words writing a stirring and uncompromising book on a vital issue. He addresses some simple but widely...

While I wonder that Obama-haters didn't jump on this one yet, in an interview between Bill Moyers and William Black, Mr. Black claims that Mr. Geithner is violating a law that requires him to let fraudulent/broke institutions fail. According to Mr. Black, Mr. Geithner ignores the law and...

Even if I didn't lose any money in the current crisis, the interview between Bill Moyers and William K. Black made me quite angry about the scope of WTF was - and according to him - STILL IS going on behind the scenes: Excerpts: Full Interview...

From another thread I submit this:MIT professor and former IMF chief economist Simon Johnson wrote perhaps the best piece I've seen on the causes of the crisis, what should be done, and the reasons for why it isn't done. This is a little funny, considering I've spent quite a bit of time during...

http://www.timesonline.co.uk/tol/news/politics/G20/article5993184.ece "Angela Merkel, the German chancellor, last night led the assault on the prime minister’s “global new deal” for a $2 trillion-plus fiscal stimulus to end the recession. I will not let anyone tell me that we must spend more...

Newsweek's Fareed Zakaria has an interesting opinion piece on Canada's position in the current economic crisis: For most of the last 12 years, Canada has had a liberal minded government that kept the banking regulations in place and ran up budget surpluses instead of deficits. Only recently...

Reid stated that this will stimulate the economy and produce 3.5 million new good paying jobs. What do you think? http://www.washingtonpost.com/wp-dyn/content/article/2009/02/11/AR2009021103678_pf.html .

Heads up. Obama is LYING again, folks. http://www.nypost.com/seven/02092009/postopinion/opedcolumnists/its_a_recession_not_a_catastrophe_154174.htm This is an outright LIE. As pointed out in the above linked article, this downturn is no where near as bad as the ones in 1981-82 and 1973-75...

Thank goodness we are in a new era of prudent spending and no fear and panic. Right? Avoid reading this if you want to keep your blood pressure at healthy levels: 50 De-Stimulating Facts Looks like it's a done deal. If you thought Bush was a big wasteful spender, hold on to your shorts...

Most of the 50 outrageous facts about the bill in the national review's home page seem to be very much less than outrageous. Take a look yourself. What the bill is, is annoying: all kinds of good (or not so good) causes get money which they might well deserve, but that has nothing to do with...

...and an irreversible economic collapse: Wasn't this supposed to be about hope and change, rather than pushing through the biggest pork-barrel budget in the nation's history through fearmongering and creating divisions?

Dear Middle America, Your greedy and irresponsible acquisition of home loans you cannot afford, your insistence on living outside your means, and your support of an unjustified and costly war has caused your economy to stutter on the brink of collapse. But know, that in your selfishness and...

http://news.yahoo.com/s/nm/20090130/bs_nm/us_cuomo_merill;_ylt=As8dtyDoSgbKeeLhgcVlNdhZ.3QA All I gotta say is....."You go boy!!!" I know its a conspiracy theory, but I think the folks at Merrill Lynch KNEW they were gonna go bankrupt, and gave the bonuses away early because they KNEW they...

I wonder what effects of the financial crisis have been on international trade and balace of payments, especially for Japan and the US (my own personal interest), but also for other countries.

A Democratic politician finds himself in a bit of a tough spot with regard to the car bailout. His base absolutely expects him to vote for it with minimal or no concessions from the unions. But it is a simple fact that the Detroit car companies that have been failing for years will continue to...

"In these times of economic uncertainty and bear markets, many of Saskatoon's professional psychics have taken on an unlikely role. They've become financial consultants." Read entire store here: http://tinyurl.com/5r2nmo Gotta love this prediction (last page) though... "Powell also...

The planet is facing a major environmental crisis. The world's economies are facing a major financial crisis. Piracy is on the rise. Societies are becoming increasingly violent. Terrorism. Genocide. Wars. Radical Religion. Pressure from the developing world. An aging population. Lowering birth...

Most of us has heard about how shocked Greenspan was at the market crash. This sent me on a paper trail of the theory behind mortgage derivatives. It starts with an equation invented by economics Nobelists Robert Merton and Myron Scholes. I'll try to explain what's behind this equation. The...

Go ahead, give the democrats big majorities and enjoy the ride: House Democrats Contemplate Abolishing 401(k) Tax Breaks Discourage saving for retirement, that's sounds like a great plan. Sign me up! Changing all the hope, homie.

Big story today: http://news.yahoo.com/s/nm/20081023/bs_nm/us_financial_greenspan_2 Greenspan "shocked" at credit system breakdown "Those of us who have looked to the self-interest of lending institutions to protect shareholder's equity (myself especially) are in a state of shocked...

OK, so this might be one of those USA-centric posts, for which I apologize, which I guess makes me a traitor in the eyes of my countrymen. The housing and credit crisis we're experiencing now isn't a laughing matter by any means. A lot of people are suffering, and many are losing their homes...

http://www.ft.com/cms/s/0/a4c6cea0-9a51-11dd-bfe2-000077b07658.html Would Iceland's predicament have been the blueprint?

http://i.dailymail.co.uk/i/pix/2008/09/30/article-0-02D7C5B600000578-624_468x286.jpg http://www.huffingtonpost.com/huff-wires/20080205/wall-street/images/1429c037-f2bd-4fb5-b5c8-60745310217a.jpg http://img.src.ca/2008/10/08/480x270/AFP_081008bourse-allemagne_8.jpg...

Listening to financial analysts this morning, and, WOW do things sound bad. If what they were saying is at all true, I see this sort of thing coming; 1. "Bail Out" will fail to restore lending, and may make matters drastically worse. 2. Holiday season will founder. 3. Massive job losses...

So the stock market lost almost TWICE as much yesterday then the proposed bailout that was supposed to save us all. Yet the world did not come to an end! The overseas markets, while not rose are still OK http://money.cnn.com/2008/09/30/markets/stockswatch/?postversion=2008093007...