User 241672

The Seduction of America

I wonder if we lost a huge opportunity last September to balance the economy. If we had let the "banking system" -- ie. shadow banking system, and American financial oligarchs fail, that graph of financial system profits to regular economic profits would have corrected pretty quickly.

Perhaps the trillions of dollars of obligations assumed by the US taxpayers could have been just mailed out as stimulus checks to restart the _real_ economy. 10 or 20 thousand per household would have been a nice down-payment on a productive economy.

Notes on the Impending Market Reversal

A fool and his money are soon parted. When Larry Kudlow screams at me to buy! buy! buy! I know we're near the top.

Everything I needed to know about Wall Street I learned from Broiler Room.

The Downside Risk to International Exposure

Implicit in the thesis for this argument is that the US economy will recover before the other major world economies, due to some law of global economics.

Perhaps the US deficits (household, national, trade) will cause a prolonged period of slow growth in the US, and the world will not bother to wait for a US recovery.