financial crisis

Banks Are The Key To This Stock Market Decline, & The Recession That Might Follow

By / 15 May 2016

Summary: After years of slow economic growth and rising asset prices in America, with investment gurus and economists predicting booms & crashes, events have again taken center stage. It’s time to again pay attention to the data.  {2nd of 2 posts today} Risk markets are rolling over, high-grade bonds rise on a flight to safety. …

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Did anyone predict the 2008 crash? Will anyone predict the next crash?

By / 32 Comments / 14 November 2014

Summary: There are many who claim to have predicted the 2008 crash. Most (or all) in fact did not foresee the banking collapse that was at its center, that expanded a commonplace downturn into the worst global downturn since the 1930s. That tells us something important about our times, and what we an expect in …

Did anyone predict the 2008 crash? Will anyone predict the next crash? Read More »

Government economic stimulus is powerful medicine. Just as heroin was once used as a powerful medicine.

By / 17 Comments / 17 November 2014

Summary: Today America passed an important fork in the road, an easy exit from the massive monetary stimulus running since the crash. If the economy continues its slow growth (well below the 2% stall speed) today might have been the last opportunity for an easy exit. Today also demonstrated the madness that infects us, as …

Government economic stimulus is powerful medicine. Just as heroin was once used as a powerful medicine. Read More »

This might be the turning point in the global financial crisis, when bold action puts us on the road to recovery

By / 7 Comments / 20 July 2015

This could be the turning point in the global financial crisis (GFC) that began in Fall 2008.  Much like the August, when Mexico’s financial crisis (the climax of the long Latin American debt crisis) forced the Federal Reserve to loosen monetary policy, igniting the long disinflationary growth period that ran (with two light interruptions) until …

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Never waste a crisis. That just makes the next one inevitable and probably worse.

By / Leave a Comment / 2 June 2013

In America today the truth is often easily seen:  statements of the obvious or about the inevitable attract the loudest criticism.  So it was at the start of the financial crisis, when  Rahm Emanuel, Obama’s chief of staff, told a  conference of top corporate chief executives in November 2008. “You never want a serious crisis to go …

Never waste a crisis. That just makes the next one inevitable and probably worse. Read More »

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