Archive for February, 2008
Friday, February 29th, 2008
WHICH BIPARTISAN SPIRIT?
Back to business as usual? If you read the article in the New York Times today, you’ll have to think so. Republicans and Democrats sank back into a partisan, ideological clash over whether the government should intervene in the real estate mega-crisis and perhaps even bail out lenders.
In Congress, Democratic lawmakers have begun to […]
No Comments » - Posted in News by Sharon Kayser
Thursday, February 28th, 2008
HOW LOW CAN ‘THEY’ GO?
Fed chairman signaled another interest rate cute yesterday, while saying that he economic conditions have become distinctly less favorable. Over the span of just eight days in January, Bernanke slashed rates by 1.25 percentage points — the biggest one-month reduction in 25 years!
This move should worry us all. Since it is our cheap money addiction […]
2 Comments » - Posted in News by Sharon Kayser
Monday, February 25th, 2008
TAXPAYERS BAILING OUT BANK OF AMERICA?
The big event of this weekend was in the New York Times and entitled: A ‘Moral Hazard’ for a Housing Bailout: Sorting the Victims From Those Who Volunteered.
A confidential proposal that Bank of America circulated to members of Congress this month provides a stunning glimpse of how quickly the industry has reversed its laissez-faire disdain […]
No Comments » - Posted in News by Sharon Kayser
Thursday, February 21st, 2008
THE CRUNCH CATASTROPHE
The world credit situation darkens on a daily basis and you shouldn’t expect to hear the ugly truth from the mainstream media.
For example: German State-Owned Banks on Verge of Collapse, Der Spiegel said today. The German government has had to bail out state-owned banks with taxpayers’ money after their managements recklessly gambled away […]
2 Comments » - Posted in News by Sharon Kayser
Tuesday, February 19th, 2008
THE COMING FURY TSUNAMI
While many people believe that the credit crunch has been contained, the sad fact is that it has cost a globally $7.7 trillion dollars in stock market value since October. Some even say more than that, speaking of $8.6TN. A reason why we shouldn’t expect the mainstream media to air any interviews of desperate […]
1 Comment » - Posted in News by Sharon Kayser
Tuesday, February 12th, 2008
WE TOLD YOU SO…
Any one familiar with our work will easily remember that we told you - at the moment of the release of our documentary - that the impact of so much predatory lending would affect the practically everything. So we weren’t much surprised to read in the NYTimes as of 01/12 that the Mortgage Crisis […]
2 Comments » - Posted in News by Sharon Kayser
Thursday, February 7th, 2008
ADDICTION TO CREDIT AND SKEWED MODELS
Yesterday, as of Feb. 6, CNN had a simple explanation for the stock market mixed outcome: many investors, still uneasy about the economy, cashed in earlier gains after a Federal Reserve official suggested that rising inflation could prevent the central bank from making further interest rate cuts.
What does it mean? It means that stock market […]
1 Comment » - Posted in News by Sharon Kayser
Tuesday, February 5th, 2008
BUBBLE ECONOMY ENDGAME?
If some pundits see deflation coming our way while others regard hyperinflation as the biggest threat ever could be debated endlessly. What truly matters is that the majority believes that the economy will enter a death spiral around the end year.
Today, the stocks were pounded as recession fears spread. What else could we expect? The […]
