Taking the ‘con’ out of ‘confidence’

by | Apr 14, 2009 | Articles

An occasional commentary on the depression # 8 5 March 2009 Bryan Kavanagh* There’s something happens when people get together in groups. Their IQs halve. If the most obvious fact an outsider puts to the group is incomprehensible to them, the interloper should be set...

Creative Destructionism V Bailout the Destroyers

by | Apr 8, 2009 | Commentary

photo credit: nflorence2012 How to avoid being caught short: US calls in old rules to shield its markets: The slumping financial markets have been rebounding steadily in the past month for several reasons, including regulatory and legislative decisions in Washington....

Banks Walk Away from Foreclosures

by | Mar 31, 2009 | Commentary

photo credit: Mike Licht, NotionsCapital.com With over 19 million, yes 19 million vacant homes in the US, many suburbs are looking even more like a war zone than usual. The New York Times reports that: City officials and housing advocates here and in cities as varied...