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Your world at risk. How the impossible becomes the inevitable.

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A Financial Crisis That Just Keeps Moving – NYTimes.com

Posted by Matt in February 8th, 2010 | no comment 
Published in Economy, Financial, , , , , , , , , , , , , , , , , , , ,

YOU know we’re in trouble when we’re told that the economic problems in Greece, Portugal and Spain, the most indebted countries in the euro zone, are likely to remain safely contained in those nations.
After all, we heard the same nonsense in 2007 from United States financial leaders talking about the subprime mortgage mess. Both Ben [...]

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Why Economists Failed to Anticipate the Financial Crisis

Posted by Matt in January 8th, 2010 | no comment 
Published in Economy, , , , , , , , , , , , , , , , , , , , , , , , , ,

This economic Ponzi scheme is what I have labeled the asset-based economy. As with all things Ponzi, it must come to a spectacularly bad end. One can only Inflate asset prices to perpetuate a debt-fuelled consumption binge so far. At some point, the Ponzi scheme collapses. And we are nearing that point. We still have [...]

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