Archive for January, 2008
Thursday, January 31st, 2008
CREDIT DETORIATION CONTINUES UNABATED
When the stakes are so high and that debts must be paid, the first reaction is protectionism. Alas this is a wrong attitude that ends generally with a self-fulfilling prophecy. The pundits know that very well but cannot do much against it because the pressure always comes from the lobbies protecting consumers and workers. Unfortunately […]
3 Comments » - Posted in News by Sharon Kayser
Monday, January 28th, 2008
DEBT AND SYSTEMIC FAILURE
When we see that a record amount of homeowners contemplate the idea to run away and instead of fighting for their properties because they realize that refinancing their mortgage won’t do fix anything as the real estate prices are now going down inexorably, we should be very - extremely - concerned. Please take the time […]
No Comments » - Posted in News by Sharon Kayser
Friday, January 25th, 2008
Gloom and Doom All Over The Place
The big event this week was the confessions of Jim Cramer hosting Mad Money on CNBC. You can listen to the video here. There is too much fiction involved here, he yelled as of 01/07…
We now banks which do not know what they are doing… Where the heck is the S.E.C? … I have […]
2 Comments » - Posted in News by Sharon Kayser
Friday, January 18th, 2008
ONLY A BEGINNING
The Fed’s relationship with Wall Street led to a very high-risk policy that is throwing us into a recession. How could the pundits at the Fed ignore the kickbacks and abusive lending going since 2001? The problem is that we are dealing with harsh mathematics, which means that we can just delaying the outcomes while […]
No Comments » - Posted in News by Sharon Kayser
Thursday, January 17th, 2008
FORMER FED CHAIRMAN: THE FED NOT REALLY IN CONTROL ANYMORE
Flashback:
April 10, 05: In ‘An Economy On Thin Ice’, the former chairman, Paul Volker wrote: I don’t know whether change will come with a bang or a whimper, whether sooner or later. But as things stand, it is more likely than not that it will be financial crises rather than policy foresight that will force […]
1 Comment » - Posted in News by Sharon Kayser
Tuesday, January 15th, 2008
NATIONAL RETAIL IN A STATE OF ‘ANARCHY’
The latest report is out for Citigroup which Posts Record Loss on $18 Billion Writedown and will receive $14.5 billion from investors - and Merrill, the largest brokerage, said it’s receiving $6.6 billion. Amazing. Wall Street banks are insolvent and that the Dow has not yet completely crashed is a mystery. The rescue packages […]
No Comments » - Posted in News by Sharon Kayser
Monday, January 14th, 2008
Bottomless Deception
No not only more than 2 million people could lose their homes but thousands of others are going to lose their jobs. Many of which could have afforded their mortgage repayments… until being laid-off because of the criminal banking practices exposed by Danny Schechter and the like.
Citigroup plans to announce a writedown of as […]
No Comments » - Posted in News by Sharon Kayser
Wednesday, January 9th, 2008
NO QUICK FIX
Greetings to all! Just like Danny announced it, I am going to help him maintain this blog on a daily basis. I am very proud to participate in this endeavors for the sake of economic justice. This is the mother of all battles because first the consumers have to admit that ‘it was too good […]
No Comments » - Posted in News by Sharon Kayser
Wednesday, January 9th, 2008
STOP THE SQUEEZE NEWSLETTER NOW A BLOG–TRACKING THE CRISIS
“There’s a little froth in this market [but] we don’t perceive that there’s a national bubble.” - Alan Greenspan, October 2004
“Will we have another crash? Yes. Will we have another credit crisis? Yes. Can we do anything about it? No.” - Alan Greenspan, September 2007
WILL YOU JOIN US IN THIS NEW CITIZEN JOURNALISM INITIATIVE?
Danny Schechter, […]
