Quotable
"Regulation of derivatives transactions that are privately negotiated by professionals is unnecessary."
Alan Greenspan, July 30, 1998.
U.S. Initial Jobless Claims Rose to 558,000 Last Week Retail Sales in U.S. Unexpectedly Fell as Job Losses Mounted Fed Starts Rollback Of Rescue Efforts U.S. Posts Record Year-to-Date Budget Gap of $1.27 Trillion Wal-Mart Stores Second-Quarter EPS 88c; Est. 86c Stocks futures trim gains after retail sales data Oil rises above $71 as IEA boosts demand outlook Gold Gains a Second Day in London as Weaker Dollar Spurs Demand Treasuries Decline Before Retail Report, German Economy Grows Euro Gains After Reports Show German, French Economies ExpandedTop News
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Credit Bubble Bulletin
by Doug Noland | Aug 7
The Stock Market and Monetary Disorder
It may sound like sour grapes, but the stock market has become a speculative mess.
Read moreThe Bear's Lair
by Martin Hutchinson | Aug 10
July's Scientific American carried a fascinating article "The science of economic bubbles and busts" that summarized current biological research into the economic irrationality of human behavior.
Read moreFeatured Commentary
by Satyajit Das | Jul 6
Ponzi Prosperity – Built-to-Fail Economic Models
Governments have limited resources to help with the current economic crisis; unfortunately, that’s not stopping them from trying. Their behavior — and the global financial collapse — calls into question social and political models based on growth fueled by high finance.
Read moreGuest Commentary
by Stewart Dougherty | Jul 16
Six Syllables to a Savage Truth
On December 9, 2008, $65 billion of investor money was at peace.
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