Doom, Doom-Doom Doom!
Writing in Sunday's Washington Post, Joel Achenbach is what the kids used to call "shrill" about the fiscal health of the United States. The short term looks awful, and the long term looks hideous....
View ArticleLibertarianism: Your Key to a Complete Economic Collapse
Mark Ames, Matt Taibbi's former partner in the Russian mag The eXile, in the New York Press presents a (doubtless largely invented) conversation with a Wall Street villain with a fresh take on why...
View ArticleDow Plunge Open Thread
Thar she blows. Is it a long-overdue return to common sense? Those pesky laws of gravity again? Is it all Greece's fault? Is it all Jim Cramer's fault? Is it all Elizabeth Warren's fault? Will we end...
View ArticleRater Haters Finally Find a Reason to Turn On Moody's, and It's a Bad Reason
"You know someone or something is in deep trouble when the search for scapegoats happens in the middle of a crisis rather than after it has ended," Mish Shedlock says in a characteristically...
View ArticleWhy Isn't the Government Hiring Short Sellers?
The Goldman Sachs Abacus fraud investigation is already losing the attention of a public ready to move on to fresh fields and scandals new. But one aspect of the story of Fabulous Fab and the hedge...
View ArticleSenate Financial Reform Voting, Annotated for Your Protection
The Senate is voting on whether to limit debate and amendments to the financial reform bill right now. Go watch the roll call with the Sunlight Foundation folks, who are annotating the vote with info...
View ArticleReason Morning Links: BP, Fannie, Freddie, and the Tel Aviv Tea Party
– BP agrees to set up a $20 billion claim fund. – A jobs bill fails in the Senate. – Fannie Mae and Freddie Mac must delist from the New York Stock Exchange. – The biggest criminal case to emerge from...
View Article#shameless
Old school justice meets social networking. Utah Attorney General Mark Shurtleff sent out live-ish Tweets as Ronnie Lee Gardner was executed by firing squad last night. 1) A solemn day. Barring a stay...
View ArticleSecret Creditors On Track to Own 10 Percent of U.S. Government Debt
Mark McHugh at Across the Street asks a question that has been the topic of some hushed speculation around here: Who is actually buying all the government's new debt? McHugh makes a game effort to...
View ArticlePeter Schiff Losing GOP Senate Primary In Connecticut
Peter Schiff, a GOP Senate candidate who did a lot of outreach to libertarians and was definitely sharp on monetary policy and spending issues (though his foreign policy pronouncements griped many a...
View ArticleDoom. Doom! DOOM!!!
In the mood for arcane mathematical theorems prophesying market corrections? Say Guten Tag to the Hindenburg Omen, a technical indicator so abstruse it makes the hemline theory seem practical—except...
View ArticleThe Repudiationist Strikes Again
Jeffrey Rogers Hummel is back, and this time we're all doomed. The Independent Institute fellow and San Jose State University professor of economics has been making the case for the inevitability of a...
View ArticleSummer of Recovery Dog Days
I haven't been checking in with Bill McBride's Calculated Risk much lately, so it was instructive just now to spend an hour on the blog and realize how uniformly dismal the economic news is. A quick...
View ArticleTony Robbins: Forget What I Said Before; We're All Doomed
Anthony Robbins, the horse-jawed success coach and motivational speaker, puts aside optimism to tell his followers a gloomy tale of the Coming Economic Collapse. It's "winter" in America, Robbins...
View ArticleReason Writers Around Town: Shikha Dalmia and Anthony Randazzo on China's...
Stimulus enthusiasts point to China's success in aborting its recession as proof positive that their spending prescriptions work. But as Reason Foundation analysts Shikha Dalmia and Anthony Randazzo...
View ArticleMore Scenes from the Economic Hyperpocalypse
It's late August, everybody's out of money, and all we've got's this sunny afternoon, so let's bask in the one thing we have in surplus: bad economic news. Drudge has been highlighting a list of...
View ArticleHe's All Outta Loeb
From New York Times biz columnist Andrew Ross Sorkin: Daniel S. Loeb, the hedge fund manager, was one of Barack Obama's biggest backers in the 2008 presidential campaign. A registered Democrat, Mr....
View ArticleAndrew Sullivan Defends TARP, Criticizes Libertarians for "utter...
Responding to my post from yesterday that attempted to discuss the apparently non-newsworthy topic of what Christine O'Donnell actually campaigned on in her successful Senate primary run in Delaware,...
View ArticleThe Lighter Side of Deadbeats
After more than a year in action, the Home Affordable Modification Program is showing improvement on redefaults. But that improvement will turn out to be brief, and the details demonstrate how little...
View ArticleForeclosuregate: Who Will Save Us From Our Salvation?
A great unpublished Los Angeles Times Blowback article once took the paper to task along the following lines: "I'm sick of your paper whining about everything! Waahh, unemployment is high, we have to...
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