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,…
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.…
No it has nothing to do with Jeffrey Sachs! Our colleagues in NY are doing the film circuits with their new offering – The End of Poverty.
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…
photo credit: country_boy_shane At least Timothy Geithner is showing a little spunk with his new shared equity plan. The government puts in effectively 93%, and the lucky bankers chosen put in just 7%. How does it work? Both the government…
photo credit: zachstern Thanks to the many links within Steve Spadijer’s well researched article on a Betterment Levy, we bring to your attention this insightful piece from Time Magazine 1973, The New American Land Rush: On Maine’s Moosehead Lake—frigid in…
photo credit: Roger Lynn The Age today ramps up the property lobby’s annual war against contributing to society in Land tax hike to hit tenants Knight Frank managing director Paul Burns said landlords had been complaining about their 2009 land…
photo credit: Mike Licht, NotionsCapital.com Michael Hudson It may seem odd, but the public outrage against $135 million in AIG bonuses is a godsend to Wall Street, AID scoundrels included. How can the media be so preoccupied with the discovery…
photo credit: eb0la Will the FHOG save the housing market? A new report raises fresh doubts: THE Australian housing market is facing the prospect of a “perfect storm” of financial pressures, including high mortgage debt, overvalued homes and rising unemployment,…