Sep 152008
 

American and probably world financial institutions continued to reel today as an outcome of the credit collapse that began with the sub-prime mortgage mess. Because primary and secondary mortgages and other forms of personal and institutional debt were completely essential for whatever economic strength the old economy has shown since 2001, it seems probable to me that the latest failures are just a harbinger of worse money-economy times to come. However this plays out in [...]

Jul 282008
 

Why should we elect Obama? One obvious reason is the mess the American Economy (as traditionally defined) is in right now.  Does this mean that Obama and his economic advisors will come up with good plans for reviving the economy and preventing a further slide? I suspect they would do better than McCain and his crew, but also that they will not be very well equipped themselves to understand the real problems. They come from [...]