Causes of the financial crisis (no, its not the usual list)

Summary:  Much of the analysis of this great crisis -- now clearly the worst since the 1930's -- focuses on minute, even trivial, aspects of the problem.  This is natural, as its sweep and magnitude dwarf anything seen during our lifetimes (for most of us, at least).  It has affected almost every business, kind of investment, … Continue reading Causes of the financial crisis (no, its not the usual list)

Status report on the financial crisis: we’re at a critical point in time

Summary:  Here is a brief report with conclusions only.  The situation is moving too rapidly and become too complex for explanations.  This post describes the natural evolution of the trends I have written about for the past year, which are now reaching a climax.  Not yet, but soon we will be able to see the shape of … Continue reading Status report on the financial crisis: we’re at a critical point in time

The new President will need new solutions for the economic crisis

Summary:  In the past few posts I have discussed a possible solution to this crisis.  Unfortunately, it will not work.  The reasons why are both depressing and technical, so let's defer them until the next post and instead concentrate on what must be done by the new President. A reminder: we can only speculate about … Continue reading The new President will need new solutions for the economic crisis

Geopolitical implications of the current economic downturn

Summary:  How will this recession end?  My guess:  with re-balancing of the global economy and a decline of the US dollar so that the our goods and services are again competitive.  No more trade deficit, we can pay our debts, and there will be no serious outflow of jobs. There are several schools of economic thinking about … Continue reading Geopolitical implications of the current economic downturn