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Congress expected to pass financial rescue package: Getting Ready for a Deeper Recession

Franklin @ September 28, 2008 # 7 Comments

Congress expected to pass financial rescue package: Financial News – Yahoo! Finance So, Wall Street put a gun to the head of the American public two months before the election and got what they wanted. I wrote before that a liquidity crisis in a fiat money system is only possible during hyperinflation. In September of […]

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Is Gold the Object of the Next Bubble?

Franklin @ January 10, 2008 # 3 Comments

Today they started talking about recession, are we in? Are we going to be in? The problem with traditional economists is that they use models that are grossly outdated. My readers know we are in recession since the fourth quarter of 2006 (at best, the 2nd quarter of 2007). The problem right now? None. We […]

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Greenspan: Give Homeowners Financial Aid: Financial News – Yahoo! Finance

Franklin @ December 17, 2007 # One Comment

Keynes to the rescue! Greenspan did not specifically call for a tax cut. Instead, he called for the government to apply money to the severe housing market slump. Such a cash infusion would typically come through a tax break or a new government spending program. From Keynes to Monetarism and back to Keynesian economics. Oh, […]

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