banking crisis

Monitoring The Sub-Prime Crisis

WO ARTICLES from the Atlantic Monthly bear notice. Here is a strident look at that housing strata may very well be welling up as the next wave of American slums—not the cities, but those isolated suburbs of abandoned McMansions. Then there is this long piece dissecting and analyzing a rather comprehensive set of notions impacting the history of past economic stresses and their continued impact upon the current financial meltdown in How the Crash Will Reshape America: In this sense, the financial crisis may ultimately help New York by reenergizing its creative economy. The extraordinary income gains of investment bankers,...

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The Gears Of Preparedness

ATTLING FEARS OF THE FUTURE? Here's what one fellow says you can do to help ease your mind. Consider the necessities of life—purchase now in bulk, especially storable food. if inflation ensues, it will be worth more tomorrow. if deflation, it may not be available tomorrow due to shortages. If a complete financial breakdown follows, you're already more self-sufficient and can barter for other necessities. If nothing happens, you will have paid off the future now instead of later. Begin buying in your local area now, and keep buying there. Tell your friends what you are doing, and encourage them...


McCain Rebuts Arguments Tying Him To Bush

AN ANY REPUBLICAN HERE voting for the McCain and Palin ticket tell me five things that a President John McCain would do differently than President George W. Bush? 1) 2003: Senator McCain called for a surge in troop levels in Iraq. Bush refused. Adopted in 2007, McCain's surge strategy won the war in 18 months. Had Bush listened to McCain instead of General Colin Powell and Secretary Donald Rumsfeld, the Iraq war would have been over in mid 2005. Obama to this day won't admit that the surge strategy has turned out to be superior to the cut-and-run strategy. 2)...


Japan Considers World Bailout

Not that this generosity would be anything but a stop gap for the ailing American economy, thanks to a dwindling industrial base and our need to tack our economy to production of real goods. OKYO—Kotaro Tamura, an investment banker turned Japanese lawmaker, has an immodest proposal for healing the sick global economy, making all Japanese richer and compelling the United States to be more deferential toward Japan. "We are in a special position because we have huge money," Tamura said, referring to about $950 billion in government foreign reserves, $1.5 trillion in public pension funds and $15 trillion in personal...


Riding The Big Waves of Capitalism

Capitalism operates in waves. I have held the opinion for a decade or so that the United States would need to eventually ease into a form of national capitalism in order to compete with similar large regimes in China, Russia, Europe, and several oil-rich quasi-socialist entities in the Middle East. Let me be perfectly clear. I am not advocating a misguided heavy-handed socialist agenda for America, or anything remotely close to the pie-eyed Marxist flim flam so popular among Left-wing bookstore café hipsters who are as personally selfish as any pickup truck-driving capitalist I've ever met. Yet so many of...