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The Great Financial Crisis: Bernanke and the Bubble
The Great Financial Crisis: Bernanke and the Bubble Ben Bernanke responded to Paul Krugman’s post last week, which agreed with my argument that the main cause of the Great Recession was the collapse of the housing bubble rather than the financial crisis. Essentially, Bernanke repeats his argument in the earlier paper that the collapse of […]
10 Years Later, a Debt Crisis Is Building Again
10 Years Later, a Debt Crisis Is Building Again Though it seems like only yesterday, it’s been a decade since my former employer, Lehman Brothers went bankrupt, and in the process, helped instigate a massive global financial crisis. That collapse catapulted the Federal Reserve on a mission to, in its own narrative, save the economy […]
Ten Years After the Crash, We Have Survived, But Have You Prospered?
Ten Years After the Crash, We Have Survived, But Have You Prospered? The year is 2018 and we have survived. Despite all the fear-mongering, all the pessimism, all the chaos, the markets are still here, and they are thriving. This has blown away many, as their are countless experts in the precious metals community and […]
Crisis After Crisis: 10 Years After the Crash, There’s No ‘Reforming’ Global Capitalism
Crisis After Crisis: 10 Years After the Crash, There’s No ‘Reforming’ Global Capitalism The real battle is now between two post-globalization camps: democratic socialists… and fascists. Shutterstock It is now clear that financial crises are not discrete events but are linked phenomena that have been unleashed on the globe ever since the financial markets were […]
When Does This Travesty of a Mockery of a Sham Finally End?
When Does This Travesty of a Mockery of a Sham Finally End? Credit bubbles are not engines of sustainable employment, they are only engines of malinvestment and wealth destruction on a grand scale. We all know the Status Quo’s response to the global financial meltdown of 2008 has been a travesty of a mockery of […]
Happy Anniversary
HAPPY ANNIVERSARY “They have learned nothing, and forgotten nothing.” Attributed to Talleyrand. Since everybody else in financial media has been indulging in an orgy of self-reflection, selective recollection and brazen virtue-signalling on the back of the 10 year anniversary of Lehman Brothers’ bankruptcy in September 2008, and in steadfast keeping with our principle of ‘no […]
The Aftershocks of the Economic Collapse Are Still Being Felt
The Aftershocks of the Economic Collapse Are Still Being Felt The Real Confrontation Is Yet To Come There has been a spate of articles recently on the ten year anniversary of the financial collapse. We wrote about this anniversary two weeks ago, describing the cause of the collapse and the reasons why we are still at risk for another […]
Everything is AwesomeThe Donald in Wonderland: Down the Financial Rabbit Hole With Trump
The Donald in Wonderland: Down the Financial Rabbit Hole With Trump Once upon a time, there was a little-known energy company called Enron. In its 16-year life, it went from being dubbed America’s most innovative company by Fortune Magazine to being the poster child of American corporate deceit. Using a classic recipe for book-cooking, Enron […]
Ten years after the crisis… they’re doing the same thing and expecting different results
Ten years after the crisis… they’re doing the same thing and expecting different results “Holy Crap– turn on your TV! This is crazy!” It was Sunday, September 14, 2008. Exactly 10 years ago to the day. My friend Jeff called me and told me to turn on the television—where I saw dozens of people on […]
What Keeps Them Up At Night
WHAT KEEPS THEM UP AT NIGHT “Government has coddled, accepted, and ignored white collar crime for too long. It is time the nation woke up and realized that it’s not the armed robbers or drug dealers who cause the most economic harm, it’s the white collar criminals living in the most expensive homes who have […]
Weekly Commentary: Approaching the 10-year Anniversary
Weekly Commentary: Approaching the 10-year Anniversary We’re rapidly Approaching the 10-year Anniversary of the 2008 financial crisis. Exactly one decade ago to the day (September 7, 2008), Fannie Mae and Freddie Mac were placed into government receivership. And for at least a decade, there has been nothing more than talk of reforming the government-sponsored-enterprises. It’s […]
The Bank Bailout of 2008 was Unnecessa
The Bank Bailout of 2008 was Unnecessary Photo Source Xavier | CC BY 2.0 This week marked 10 years since the harrowing descent into the financial crisis — when the huge investment bank Lehman Bros. went into bankruptcy, with the country’s largest insurer, AIG, about to follow. No one was sure which financial institution might […]
These Four Predicted The Global Financial Crisis; Here’s What They Think Causes The Next One
These Four Predicted The Global Financial Crisis; Here’s What They Think Causes The Next One A different kind of hurricane slammed into the American East coast, the nation and ultimately the world ten years ago today. Amidst the multiple introspective columns and soul searching that naturally occurred this week, which looked back on the missed warning signs […]
The Bailouts for the Rich Are Why America Is So Screwed Right Now
The Bailouts for the Rich Are Why America Is So Screwed Right Now Did they prevent a full-scale collapse? Yes. Was it necessary to do it the way we did? Not at all. These guys got off pretty easy. (Photo by Scott J. Ferrell/Congressional Quarterly/Getty Images) In 1948, the architect of the post-war American suburb, […]
As The Fed Raises Rates, The Ghost of Lehman Bros Lingers
As The Fed Raises Rates, The Ghost of Lehman Bros Lingers In just two days – September 15 – it will be the 10-year anniversary of Lehman Brothers collapse. The date they filed bankruptcy. With nearly $620 billion in debts, it was the largest bankruptcy in history. Now, a decade late – it appears the […]
