Mortgage Meltdown: Central Bankers Prepare for Collapse of Dollar

That confidence in the U.S. dollar is at an all-time low is no surprise. But when countries start propping up currencies that are barely on the radar, you know that central bankers are thinking that the U.S. government is not doing enough to shore up the fundamentals of its economy. This translates to a lack [...]

Mortgage Meltdown and State Recessions

Associated Press: Many states appear to be in recession as deficits grow.

In a nutshell, states are not merely facing declining revenues. 
They are facing increasing costs from inflation and devaluation, decreased purchasing power, decreased cash reserves when they find out that what they had  in “cash equivalents” were partially invested in collateralized mortgage obligations, decreased prospects for real [...]

Mortgage Meltdown + Inflation + Dollar Devaluation

Trouble for American Consumer is building and the perfect storm threatens our tenuous economy. 

DEEP RECESSION LOOMS WITHOUT FUNDAMENTAL CHANGE IN OUR POLITICS AND ECONOMIC POLICIES
 
The inevitable outcome was always the same: eventually we would hit the the top, like in any Ponzi scheme. 

Consumers, who maxed out their credit cards, and maxed out their borrowing on [...]

From Ashes to Angels: Economics of Morality

There was an interesting study published in the Economist (March 15, 2008 pp 83-85), a conservative news magazine read around the world, that disclosed an incredibly close correlation between the “rule of law” and the health of the economy. It turns out that laws, rules and enforcement create a culture of integrity, civility and good faith. [...]

Investment Advice

Several people have emailed me regarding what to do with their investments. I am not Warren Buffett and I don’t have a crystal ball so what I say here should be checked against other knowledgeable analyses. Keep in mind that most people are full of s–t. Everyone thinks they are a genius in an up [...]

Mortgage Meltdown: You Must Act to Protect Yourself from the Coming HYPER-INFLATION

Fall of the Dollar + HYPER Inflation

The fix is out. The Fed’s last ditch effort using depression era authority to hold off Bear Stearns failure is all we need to know. Officials at the Fed admit publicly that what they are doing is not fixing anything. Economists have taken off their rose colored glasses and [...]

Euro Dominance And American Policy

Get with the Program: Challenge for the Obama Presidency. Fundamentals vs. Brute Force
American policy should be changed to reflect the paradigm shift — to determine ways in which we would be an acceptable member of the European Union and gradually shift to the Euro as the currency of choice. In order to accomplish this, U.S. [...]

Stupinomics

So here is the issue. The Dollar has lost 30% against the Euro. So Europe is grumbling that US Exports are getting too cheap and hurting their producers. Good for US producers and bad for Euro producers. The free trade people point to this to show how trade is to the comparative advantage of the [...]