Nassim Taleb: Obama Rewarding Failure
Nassim Taleb, author of the Black Swan, discusses the sort of reverse Darwinism at place in the Obama (and Bush) administrations. Those who did the right thing are punished with higher taxes, banks...
View ArticleNicolas Cage for Treasury Secretary
Nicolas Cage has gone and gotten himself in a bit of financial trouble. It might surprise you that someone who makes tens of millions of dollars per movie could be headed the way of Lehman Brothers....
View ArticleOpen Letter on Financial Reform
By Jim Boswell, author of Crush Depth Alert A few days ago a friend of mine asked me what I would say in an open letter to a group of Independents if they asked me what I thought of the financial...
View ArticleThe Fannie-Freddie Treasury Conference–What Needs to be Done
The house that mortgage debt built. By Jim Boswell, author of Crush Depth Alert Tomorrow the Secretary of the Treasury is holding a conference to begin deciding what to do about the Government...
View ArticleAmerica: It’s Time To Stand Up And Scream “We Want New Leadership”
By Jim Boswell, author of Crush Depth Alert Where is Howard Beale when we need him? Two years into the Greatest Recession Since the Great Depression (GRSGD) and our financial leaders are still telling...
View ArticleHistory is Not Bunk Unless Someone Important Wants It to Be
By Jim Boswell, author of Crush Depth Alert Late in the fall of 1988 the accounting firm, Coopers & Lybrand (C&L), won a competitive award to construct a computer system that collected the...
View ArticleCurrency Wars
The United States has been pressuring the Chinese to let the yuan appreciate for months now. U.S. financial leadership claims that China’s currency is undervalued and, without going as far to say,...
View ArticleUpdate on the Yuan
The Chinese yuan has been the subject of many debates over the last year or so. Treasury Secretary Tim Geithner and President Obama have made a conscience effort to frame the yuan as undervalued and...
View ArticlePrinting Money and Stocks
The Federal Reserve has been printing money at a historic clip and buying up toxic assets for a shade under three years now — in response to the financial crisis. The technical term for their easy...
View ArticleGeithner Was Wrong: U.S. Debt Downgraded
On April 25th of this year, our ever-so-competent Treasury Secretary Timothy Geithner was asked on Fox News whether U.S. treasuries could ever lose their AAA rating. Geithner’s response: “No risk of...
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