Greece’s crisis could presage America’s | The Town Talk

Posted by Matt in March 15th, 2010 | no comment

Published in Financial, Alan Greenspan, Chairman Alan Greenspan, Debtor, Federal Reserve, Federal Reserve Chairman, Federal Reserve Chairman Alan Greenspan, Fiscal Problems, Former Federal Reserve Chairman Alan Greenspan, Greece, Thetowntalk, United States, World Economy

How long can the United States remain the world’s largest economy as well as the world’s largest debtor?
“Not indefinitely,” suggests former Federal Reserve Chairman Alan Greenspan. “History tells us that great powers when they’ve gotten into very significant fiscal problems have ceased to be great powers.”
Raum: Greece’s crisis could presage America’s | thetowntalk.com | The [...]

Risk taking, regulatory capture and bailouts: The doomsday cycle | vox

Posted by Matt in February 23rd, 2010 | no comment

Published in Economy, Financial, Best Route, Crises, Disaster, Doomsday, Economic System, Economists, Federal Reserve, Financial Collapse, Financial Crisis, Financial Risk, Gdp, Interest Rates, Last Three Decades, Lead, Proportions, Safer System, Trajectories, Vox

Over the last 30 years, the US financial system has grown to proportions threatening the global economic order. This column suggests a ‘doomsday cycle’ has infiltrated the economic system and could lead to disaster after the next financial crisis. It says the best route to creating a safer system is to have very large and [...]

A Financial Crisis That Just Keeps Moving – NYTimes.com

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

Published in Economy, Financial, Chairman Of The Federal Reserve, Chairman Of The Federal Reserve Board, Countries In The Euro, Economic Problems, Economy, Euro Zone, Fair Game, Federal Reserve, Federal Reserve Board, Financial Crisis, Financial Leaders, Greece, Henry M Paulson, Henry M Paulson Jr, Indebted Countries, Investors, Nonsense, Portugal, Subprime Mortgage, Treasury Secretary

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 [...]

When the Fed Stops the Music

Posted by Matt in January 18th, 2010 | no comment

Published in Economy, Asset Markets, Bill Gross, Dollar Deficit, Downdrafts, Federal Reserve, Fiscal Deficit, Foreigners, Gdp, Government Debt, Investment World, Mortgage Purchases, Mortgage Rates, Mortgage Securities, National Citizens, Physical Assets, Political Parties, Trillion, Trillions, Us Government, Vigilance

The Federal Reserve has been very clear about the fact that they intend to stop the quantitative easing program at the end of March. What that means in practice is that they are going to stop buying mortgage securities. That does two things. As Bill Gross so aptly points out, those mortgage purchases helped keep [...]

Pimco’s Bill Gross Forecasts the 2010 Economy – TIME

Posted by Matt in January 16th, 2010 | no comment

Published in Economy, Forecasts, Amp, Bill Gross, Bond Fund, Economic Growth, Economy, Federal Reserve, Investors, John Curran, Managing Director, New Reality, Pimco, Second Half

Not only does Pimco managing director Bill Gross oversee the world’s biggest bond fund, his views often sway markets. In a late December interview with TIME’s John Curran, Gross pointed to the second half of 2010 as a period when investors large and small will reckon with a new reality of poor economic growth and [...]

Why Economists Failed to Anticipate the Financial Crisis

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

Published in Economy, 15 Months, Asset Prices, Ben Bernanke, Capitalism, Collapses, Consumption Binge, Debt Problem, Earnings, Economists, Economy, Federal Reserve, Federal Reserve Board, Financial Crisis, Gdp, Insanity, Lehman Brothers, Liquidity, Manipulation, Massive Amounts, Ny Times, Paul Krugman, Ponzi Scheme, Reason, Rocket Science, Unsustainable Growth, Zero Rates

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 [...]

America’s Inexorable March toward a Monetary and Inflationary Abyss

Posted by Matt in December 22nd, 2009 | no comment

Published in Economy, Favorites, Financial, Abyss, Collapse, Constitution, Constitutional Establishment, Daniel Boorstin, Dollar Terms, Explosion, External Stimulation, Family Security, Federal Reserve, Gross, Inexorable March, inflation, Librarian Of Congress, Monetary Economics, Personal Income Tax, Provisions, Quiet Weekend, Security Matters, Small Pieces

On a quiet weekend when I expected little external stimulation other than another historical lesson from the pen of the now legendary former Librarian of Congress Daniel Boorstin from his book The Americans, I was presented a lesson in the gross monetary economics of both the collapse of the dollar since 1913, and an explosion [...]

The Economic Crisis And Hyperinflation In America | Gov Monitor

Posted by Matt in December 20th, 2009 | no comment

Published in Economy, Financial, Dollar Bubble, Economic Crisis, Emergence, Fear, Federal Reserve, Federal Reserve System, Government Deficits, Government Expenditures, Hyperinflation, Latter Scenario, Monetary Regimes, Money Creation, People, Political Relationships, Rate Of Inflation, United States

During the past several months, concerns have risen that the expansionary policies of the U.S. government and the Federal Reserve System to counter the present crisis are creating the danger of a substantial future inflation.
Some speak even of a hyperinflation, that is, of a rate of inflation exceeding 50 percent per month. People believing in [...]

Foreign Policy’s First Annual List of the 100 Top Global Thinkers | Foreign Policy

Posted by Matt in December 12th, 2009 | no comment

Published in Global Elite, Academic Career, Ben Bernanke, Billions, blueprint, Collapse, Counterparts, Damn The Torpedoes, Feats, Federal Reserve, Financial Markets, Foreign Policy, Global Thinkers, Great Depression, Nouriel Roubini, Paper Helicopter, Princeton University Professor, Radical Moves, Radicalism, Uphill Battle, Writing Paper

1. Ben Bernanke
for staving off a new Great Depression.
Chairman, federal reserve | Washington
The Zen-like chairman of the U.S. Federal Reserve might not have topped the list solely for turning his superb academic career into a blueprint for action, for single-handedly reinventing the role of a [...]

Ex-Fed official warns of another crisis — themorningcall.com

Posted by Matt in November 12th, 2009 | no comment

Published in Economy, Financial, Economy, Fed Official, Federal Budget, Federal Government, Federal Reserve, Federal Reserve Bank, Financial Crisis, Global Financial Crisis, inflation, Right Moves

The U.S. economy might be starting to recover but the nation might be headed for another financial crisis if the federal government and other policy-makers don’t make the right moves on the federal budget, bank bailouts and inflation , a former Federal Reserve Bank official said this week.
Ex-Fed official warns of another crisis — themorningcall.com