Day August 23, 2007

Countrywide CEO. Recession coming

And the “housing slump” will have been the trigger. This will impact everyone. Rich, poor, left or right. That’s why I’ve been blogging about it. The social, economic, and political repercussions of the coming recession will be felt for years.…

Brave face masks bold lie

Mish’s Global Economic Trend Analysis on the Fed lowering rates and opening the discount window. A well respected source whose opinion I respect offered this viewpoint anonymously: “Basically this is a PR move coordinated by Fed to hide the fact…

Traveling and the Net

Just got back from a week in L.A. We were there on businss, and it was odd being back to where I lived for so long before Sue and I moved to CT. We stayed at a friend’s house. Their…

Income inequality rising in Asia too

And with it comes social unrest. Will such unrest come to the US too? During the 30’s, things were so unstable in the US some thought a revolution might happen. So FDR created government work projects and a social safety…