Just reminiscing back to 2008 and before the recessionary bailouts, when Greenspan and his cronies adamantly supported Laissez-faire economics. That is, until the shit hits the fan and it becomes everyone else’s problem. Source: editorial cartoon via David Horsey, Seattle Post-Intelligencer.
Category Archives: Economic
Arizona’s Economy
According to excerpts from Marshall Faulk, Forecasting Project Director’s, most recent edition of Arizona’s Economy – The Healing Process Has Begun. Arizona is lagging behind other parts of the country, but conditions are looking much better here too. Consumer spending is increasing as evidenced by retail sales figures. Nonfarm employment has stopped falling as hiring [...]
Fiscalis: An Economic Stimulant
Have you lost the urge the spend? Do everyday consumer activities leave you drained? Don’t sit at home afraid to open your wallet. Try Fiscalis.. the economic stimulant. Available only from the makers of NBR. Warning – If you experience a spending spree lasting more than four hours seek immediate attention from your financial adviser.
Gambling With Other People’s Money
Remember that entertaining economics video, Fear the Boom and Bust, that I posted on Guzzo the Contrarian in January? The same economist who created that video, Russ Roberts, a professor of economics at George Mason University, the J. Fish and Lillian F. Smith Distinguished Scholar at the Mercatus Center, and a research fellow at Stanford [...]
Dr. Doom
Perhaps I should have listened closer to professor Nouriel Roubini when he was cautioning us about a looming foreign debt crisis. According a recent Financial Times article excerpt: He has continued to issue warnings since the crash. In early 2009, he argued that the banking crisis might not be finished. He also suggested that there [...]
Financial Regulation Reform
Funny how all of these things happened “unintentionally of course” around the same time in the last three months, huh? On April 16th, SEC charges Goldman Sachs with fraud in structuring and marketing of CDO tied to subprime mortgages. Within a few days of this indictment, the BP explosion and resulting Gulf oil leak occurs. [...]