Archive for the 'Economy' Category
The New Zealand Economy is Sinking While Financial Assets Soar
March 23rd, 2007Kiwis hate it when I talk about the New Zealand economy. Sorry, mate, a Ponzi scheme is a Ponzi scheme. Most national economies are really just subsidiaries of the U.S. Mega Debt Death Machine now. If you want to wind a Kiwi up, ask him or her which country is New Zealand’s second largest trading […]
Velkomin to the United States of Foreclosure
March 22nd, 2007Excellent article; really gets at the palpable absurdity of the situation. Via: Atlantic Free Press: Sub prime loans are loans that are made to people with poor credit. The lender requires a higher rate of interest to cover his risk. For the last 5 years, the sub prime market has skyrocketed due to the loosening […]
Insider Crimes, Funny Money and Options Rackets
March 22nd, 2007WARNING: The following is not a recommendation to buy, sell or hold any financial instrument. Trading stocks, currencies and options involves serious risks. For years, I’ve kept this information to myself, waiting for a chance to look at it again more seriously and systematically. Unfortunately, I don’t really see myself being able to allocate the […]
Got Milk? You’re Under Arrest
March 18th, 2007Via: Information Liberation: In many states, you can possess it, but the law prohibits its sale. It is a violation of federal law to transport the substance across state lines with the intent to sell it. In many states, undercover investigators are at work trying to uncover the furtive networks that produce and distribute the […]
Subprime Apocalypse Bailout?
March 18th, 2007Via: PR Newswire: One of the nation’s biggest and most respected advocates for fair housing, the National Community Reinvestment Coalition, urged the Administration and Congress to amend federal regulations to allow the Federal Housing Administration to refinance sub-prime borrowers’ loans in default, preventing a torrent of defaults and foreclosures expected to deluge the mortgage market […]
U.S. Colleges Taking Loan Kickbacks, Reaping Other Benefits from Broke Students
March 17th, 2007The invisible hand of the market, shaking down students. Via: MSNBC: Colleges across the country are taking kickbacks from student loan companies and reaping other benefits while making it harder for students to get better deals on their loans, the state attorney general has charged. New York Attorney General Andrew Cuomo said Thursday an investigation […]
Jim Cramer on Staying Upwind When You Start a Fire
March 16th, 2007I’ve written about leverage, the Plunge Protection Team, manipulation and funny money squeezes for years on Cryptogon. I told you that trying to trade this crap, as a retailer, is the equivalent of bringing a knife to a gunfight, and that the smart money doesn’t rely on luck. Don’t take my word on any of […]
UK: Raise Interest Rates or Face Economic Disaster
March 13th, 2007Via: Daily Mail: Interest rates need to go above eight per cent to control booming house prices, a leading economist has warned. Martin Weale said that unless the property market is restrained it will suffer a crash, devastating those who look upon their home as their pension. He spoke out as official figures revealed that […]
TRADING OF NEW CENTURY SHARES HALTED ON NYSE
March 13th, 2007Related: Wall Street Chop Shop Via: Bloomberg: New Century Financial Corp., the nation’s second-biggest subprime mortgage lender, said it doesn’t have the cash to pay creditors who are demanding their money, increasing speculation that the company will go bankrupt. The New York Stock Exchange, citing the credit crisis, halted trading of New Century this morning […]
Why the Free Market Fails Consumers in Sustainable Energy Innovation
March 13th, 2007There is no free market, of course, but this article is worth reading in conjunction with Energy Scarcity vs. Cost of the War in Iraq. Why the Soviet Style Command Economy in Drag Fails Consumers in Sustainable Energy Innovation would be a more accurate reflection of the situation on the ground, but let’s not get […]
