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Our Financial Future: Infinite Greed Meets a Funny Thing Called Karma

Our Financial Future: Infinite Greed Meets a Funny Thing Called Karma All those angered by the mere question of the viability of this predatory pillaging in the name of capitalism are incapable of even admitting this cultural crisis exists. Somewhere along the line, we lost the ability to distinguish between earning a profit and maximizing private gain by […]

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“Bad Bank” Mania Spreads in Europe

“Bad Bank” Mania Spreads in Europe One thing that the world is not in short supply of these days is bad banks. They are everywhere, it seems. But there are bad banks, and there are Bad Banks. This article is about the latter, the officially dubbed “Bad Banks” launched by governments and central banks to conceal […]

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Market Turmoil Will Test the Post-Crisis Financial System – NYTimes.com

Market Turmoil Will Test the Post-Crisis Financial System – NYTimes.com. Washington has been trying to bolster the financial system for the last five years so it can deal with mayhem in the markets. The turmoil this week will test those rebuilding efforts. Investors, after months of piling into risky markets in search of returns, are […]

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Why the Financial and Political System Failed and Stability Matters – Thoughts – Nomi Prins

Why the Financial and Political System Failed and Stability Matters – Thoughts – Nomi Prins. The recent spike in global political-financial volatility that was temporarily soothed by ECB covered bond buying reveals another crack in the six-year-old throw-money-at-the-banks strategies of politicians and central bankers. The premise of using banks as credit portals to transport public funds […]

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Quantitative Easing is like “treating cancer with Aspirin”

Quantitative Easing is like “treating cancer with Aspirin”. Shortly before leaving the Fed this year, Ben Bernanke rather pompously declared that Quantitative Easing “works in practice, but it doesn’t work in theory.” There is, of course, no counter-factual. We’ll never know what might have happened if the world’s central banks had not thrown trillions of […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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