Posts Tagged ‘financial crisis’
The best documentary I’ve ever watched
Everyone in America needs to watch this report and think about it. PBS put together a program outlining the connection between energy prices, transportation systems, the mortgage crisis (which has created the financial meltdown), and US History. It’s fantastic, and you owe it to yourself to watch. The key feature, the absolute home run they [...]
Two original thoughts
As the title says, I have two original thoughts on this. One will come as no surprise to people who read this blog, the other, I think is new. #1: Banks and the Housing Bubble… So, the biggest problem underlying everything else right now is the bursting housing bubble. We’ve got way too much housing [...]
From Yahoo Finance:
Courtesy Ben Stein: 12 Ways to Ruin the US Economy 1) Have a fiscal policy that creates immense deficits in good times and bad, burdening America’s posterity with staggering burdens of repaying the debt. 2) Eliminate regulation of Wall Street and/or fail to enforce the regulations that already exist, instead trusting Wall Street and other [...]
Not everyone should own a home.
From The Wall Street Journal, the best read I’ve had in a long while… Maybe only a friendly foreigner could say this. But America needs to realize that not everyone can own a home. The American Dream of home ownership for all is a fraud. Politicians who pimped this dream created an unsustainable mortgage industry [...]