May 11 2009
Following the Failed Japanese Economic Playbook: 10 Charts Comparing the Japanese Lost Decade to the United States.
Even as early as last year, anyone trying to compare the circumstances of the United States with the lost decade in Japan appeared to be out of line with mainstream economist and the media. Yet if this financial crisis has taught us anything, it is that the experts can be wrong by a wide [...]
Mar 22 2009
Banking Transparency Gone: The Federal Reserve has been Slowly Moving to more Archaic Forms of Creating Credit. New Plan Will Subsidize Casino Loans for Investors with Taxpayer Money.
While the public is exercising a Freudian fixation on the A.I.G. scandal, misguidedly thinking that A.I.G. is an American company in the sense of G.M. or Ford (it is not although many Americans see a Rorschach American company), the Federal Reserve just decided to increase its balance sheet by $1.2 trillion. This unprecedented action [...]
