Tag Archives: Stock Market Panic

Good News in the Bad News

The markets got a bit spooked today by the unexpected drop in GDP for the final quarter of 2012. But buried in the numbers are signs of a positive transition from a war to a peace economy. The drop in … Continue reading

Posted in Business, Futurism | Tagged , , , , , , , , | 67 Comments

Machines are in Control

We have been talking here for a while about the perils of automation. Yesterday a “rogue computer algorithm” almost crashed the whole stock market. “The machines have taken over, right?” said Patrick Healy, the chief executive of the Issuer Advisory … Continue reading

Posted in Advertising, Business, Futurism | Tagged , , | 11 Comments

Global Stagnation

It has been my contention since 2007 that global capitalism was entering a period of stagnation that could not be cured by the temporary fix of lowering interest rates. Yesterday’s grim unemployment report in the U.S. only compounded the problems … Continue reading

Posted in Economics, Wall Street | Tagged , , , , , , | 38 Comments

Jamie Dimon’s Gift to Obama

The biggest political problem Obama has with both the Progressives and the Libertarians is that he pussied out on the Wall Street Bailout. No one went to jail, unlike the Savings and Loan Crisis of the 1980’s. We paid out … Continue reading

Posted in Barack Obama, Economics | Tagged , , , , , , | 52 Comments

Money, Power and Wall Street

You owe it to yourself to watch the new Frontline two part special, Money, Power and Wall Street. It is as fine an understanding of where we are and how we got here as anything in our media system today. Part … Continue reading

Posted in Business, Corruption, Journalism | Tagged , , , , , , , | 7 Comments

Wassup 2008

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The Road Ahead

As Merrill Lynch brokers arrived at their desks this morning they were greeted with an urgent memo as to how to deal with the possibility that the stock exchange might not open this morning. Europe and Asia had crashed over … Continue reading

Posted in Business, China, Economics, Energy Policy, Innovation, Recession, Russia, Trade, Wall Street | Tagged , , , , , , | Leave a comment

Credit Logjam

As I said on Oct. 13,the massive injections of liquidity by governments around the world are beginning to calm the markets. The credit markets, which is all I’ve been paying attention to, are beginning to ease, with three month LIBOR … Continue reading

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Adjusting to Hard Times

The next year is going to cause a major dislocation in many households and on one level it’s not going to be pretty. Jan Hoffman relates the tale of Wendy Postle, a middle class mom with two entitled teenagers. This … Continue reading

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Delusional George Bush

The Times has a curious article up about our President and his response to the Crash. It is as if he views this crisis as an “Act of God”, which he had no more responsibility for than a hurricane. Now, as he … Continue reading

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