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Tag Archives: Finance
Joseph Stiglitz on the Economy : Falling Down
‘London Bridge’ (1616) by Claes Van Visscher. This engraving shows Old London Bridge in 1616, with Southwark Cathedral in the foreground. The spiked heads of executed criminals can be seen above the Southwark gatehouse. Some of Old London Bridge did … Continue reading
Posted in RagBlog
Tagged Border Wall, Depression, Economics, Economy, Finance, Great Depression, History, Recession
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A Nightmare on Wall Street
The credit crunch is morphing from an American-centred financial crisis into a global economic crisis,” says David Bowers of Absolute Strategy Research… ‘Borrowing our way to prosperity’By Roger Baker / The Rag Blog / August 29, 2008 Damnation! The problems … Continue reading
Posted in Rag Bloggers
Tagged Credit, Economic Collapse, Economy, Finance, Wall Street, World Economy
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Toll Roads : Soon to be Yesterday’s News?
Toll road protest in California earlier this year.‘Ordinary people will look back on this era, shake their heads in wonder and ask: how on earth did anyone ever think toll roads were sexy?’By Roger Baker / The Rag Blog / … Continue reading
Posted in Rag Bloggers
Tagged Economy, Energy, Finance, Oil Prices, Peak Oil, Public Finance, Texas, Texas Highways, Toll Roads, Transportation
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ECONOMY : The Cascading Effect of Peak Oil
Photo by Mannie Garcia / Bloomberg News.‘Don’t take a weatherman’: Credit Default SwapsBy Roger Baker / The Rag Blog / August 24, 2008 I’m no expert on these financial instruments, but as we used to say, it don’t take a … Continue reading
Posted in Rag Bloggers
Tagged Bank Bailouts, Economy, Federal Reserve, Finance, Peak Oil, Wall Street, World Economy
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Fannie, Freddie Rescue Won’t be Cheap
See A government takeover would cost taxpayers, by Chris Isidore, below. The big lie: Do the math!By Roger Baker / The Rag Blog / July 30, 2008 At least the media is challenging the government lies that are so ridiculous … Continue reading
Posted in Rag Bloggers
Tagged Corporate Welfare, Economic Collapse, Economy, Finance, Investments
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Economy : Nearing a Tipping Point
Those Greenspan bubbles a’bursting…By Roger Baker / The Rag Blog / July 16, 2008 It looks like the US economy has gotten itself into a ‘liquidity trap’; the blowback from Greenspan’s bubbles and banking deregulation. If we try to avoid … Continue reading
Posted in RagBlog
Tagged Consumer Prices, Economy, Finance, Inflation, Investments, Recession
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Can’t Fall On Your Fannie Mae
Flowers grow in front of the headquarters of Fannie Mae in Washington. Photo by Ken Cedeno / Bloomberg News. So lets see if I have things straight. The feds can’t just bail out Freddie and Fannie because that might cause … Continue reading
U.S. Economy On Very Shaky Ground
Tim Backshall, chief credit derivatives strategist at Credit Derivatives Research LLC, sits for a photo in his office in Walnut Creek, California, on May 6, 2008. Photo by Andy Freeberg/Bloomberg Markets via Bloomberg News. A long but very good analysis … Continue reading
The Financial Three-Card Monte Falls Down
“Far From Normal”By Jim Kunstler Those were the words that Fed chairman Ben Bernanke used to describe the financial markets (and by extension the economy) these heady spring days when everybody else with a rostrum, it seems, has pronounced the … Continue reading
R. Baker : Liu and the Liquidity Crisis
Recession and the Liquidity TrapBy Roger Baker / May 11, 2008 / The Rag Blog A year ago, on May 9, 2007, Henry C. K. Liu wrote an article for the Asia Times titled “Liquidity boom and looming crisis.” So … Continue reading
