Sadly, I think that this may be a sign of things to come. A large bank in Southern California has failed.
The bank is blaming it on a run caused by a senator’s open letter expressing concern. Interestingly this bank specialized in Alt-A loans, which are basically one step up in quality from the sub-prime loans. […]
I just read an interesting article on financial bubbles.
Surely people are getting tired of all the talk of economic woes, and yet I think the ongoing economic crisis will take and even more central position in our lives over the next months.
In most things I prefer that the government not interfere with the principles of free trade and natural competition in business. There is an issue before our government now which is being described in just such terms.
Net Neutrality is the term used by those in favor of government regulation of the internet. The cable companies […]
Are you ready for the bulls?
I am no economist, but like any other properly opinionated person I find time to reflect on the economy, and I have a few views. One thing is that I think we are headed for recovery. Another is that I think we are in an economic winter.
An economic winter is […]