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Olduvai III: Catacylsm
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The Fed Induced Farce

The Fed Induced Farce The minutes from the last Fed meeting were released on Wednesday afternoon. The minutes, along with a squadron of jabbering Fed heads lying about the economy doing great, pretty much locked in the most talked about .25% interest rate increase in world history.  Evidently the Wall Street titans of greed have […]

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Why This Feels Like a Depression for Most People

Why This Feels Like a Depression for Most People “And the little screaming fact that sounds through all history: repression works only to strengthen and knit the repressed.” – John Steinbeck, The Grapes of Wrath Everyone has seen the pictures of the unemployed waiting in soup lines during the Great Depression. When you try to tell a […]

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Two Outs in the Bottom of the Ninth

Two Outs in the Bottom of the Ninth The housing market peaked in 2005 and proceeded to crash over the next five years, with existing home sales falling 50%, new home sales falling 75%, and national home prices falling 30%. A funny thing happened after the peak. Wall Street banks accelerated the issuance of subprime […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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