Monthly Archives: January 2009

Depression

It’s still possible that this “R” word will not turn into the “D” word but in parts of the world it is a depression already. The quarterly economic output numbers are in. In our Great Depression GDP fell 6+ percent … Continue reading

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The Debt Depression

I know. You’ve seen my debt to GDP graphs before and I have been beating you over the head with them but I am entirely convinced that understanding the role of debt is crucial if you want to understand how … Continue reading

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Titanic Metaphors

I continue to write forcefully on today’s economic and social events as much to inform others as to clarify my own thinking and understanding of these events. I would urge any readers to seek out their own oracles and data … Continue reading

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Nationalize the Banks or Charge into the Valley of Death!

I had a pleasant month out of the country working on my old sailboat and while things were bad when I left, the last week or so has the US economy in free fall led by the same old suspects, … Continue reading

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Ponzi Schemes

Carlo aka Charles Ponzi was a famous swindler from the 1920’s who used an elaborate pyramid scheme to reward earlier investors by using newer investor money, much the same way as Bernie Madoff did. Because of the scale of things, … Continue reading

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