Stephen Kanitz

Unemployment as a Lagging Indicator: Not This Time

In April the US government hired 90.000, state intervention, which is distorting your analysis. The comeback is 90.000 stronger than it seems.

The Antidote to Economic Malaise: A Culture of Collective Mindfulness

We seem to have forgotten the 5 C's of Credit. IBanks lent on Collateral only. Madoff investors invested on Character, sic, and forgot the rest.

Has Cutting Interest Rates Saved Anyone?

Right on. See my graph showing the evolution since 1929 until 2008 of non emplyment income.

seekingalpha.com/artic...

In Madoff We Trust

Absolutely correct. Unfunded Social Security and Medic Aid is a another form of Ponzi Scheme. Those that call it a "Pay as You Go System" forget that it works just like Maddoffs scheme. Late entrants pay for the rest. Great and rare article. Congrats.

Are Equities about to Come Back into Favor?

You may be right. In November, brazilian individual investing in the stock market, via internet, rose from 520.000 to 550.000 a month in the middle of the down turn. Most of them using redeemed money from hedge funds etc.

Where Will Baby Boomers' Savings Go?

Nice article. But a reminder. The 'pay as you go" Social Security system is a euphemism for "the youger generation pays", as you go spending their money, future savings money.

There is no way the younger generation can pay for the "unsavers" and save the required funds for their own retirement.

Stop Calling This a Depression

Banks cannot lend more than 12 x their inflation erroded capital. that's Basel bank regulation at its best.

When banks made hefty profits, no problem. But 2009, banks will have to curtail lending by -4% inflation x 12, or -48% of capital.

Its the same old story that destroyed comercial banking, and favoured investment banking, withou this ludicrous rule.