CrisisTheory

Asset Class Performance during the Bush Years

They speak to nothing less than a repudiation of neo-conservative ideology and worldview.

This is of course distinct from traditional, Ron Paul style conservatism.

Thursday Outlook: Commodities, Emerging Markets

Gov. intervention caused this ?!

No wonder so many lost so much; this right-wing ideology has blinded them.

In the most deregulated, capital-friendly, banker & finance dominated economy in the history of the world, the system blows up and the problem must be................

too MUCH intervention !!

I'm sure thats just the lesson the Chinese are drawing right now

Moral Hazard: The Real Culprit of the Financial Crisis

HA!

Unfortunately, one of those "bad decisions" bred by living with the "saftey net" of government, civilization, the feared 'collectivist spirit', was the decision to attempt the utopian lunacy of the "free market" to regulate conduct in human society.

This (2nd) great experiment in "market fundamentalism" - the impossible belief that there ever was, is, or could be a "free market" and that such a construct should serve as the highest arbiter in the organization of society - inaugurated by Regan, Thatcher (and Deng), has collapsed of its own contradictions.

Just as the 1st great wave of market fundamentalist liberalization ended with the implosion of the international system, world wars and depression- leading the great economist Karl Polanyi to declare that humanity had forever learned the error of the utopian idea of the "free market"- so do some now claim that we have learned our lesson.

Yet the author is proof; for beleivers in the creed, only a more pure imposition of the system could have avoided the crisis; the madness of Austrians.

Profit cannot be the supreme value in social organization; governments that attempt to implant systems based on this premise merely sow the seeds of disaster.

Wall Street Breakfast: Must-Know News

you right wingers are such morons. good thing the world and now america completely reject your backwards and objectively failed philosophy.

conservatism was always racist. now it is dead. good riddance.

Real Price of Gold Soars

Not to be too dramatic, but cannot the two (hyperinflation & falling real prices) happen simultaneously?

Did not this very scenario unfold in Weimar Germany? A real depression combined with massive monetary debasement?

Too Soon to Move From Equities to Gold

Couldn't the 'safe haven' trade hold gold prices steady or range-bound while the inflation [expectations] work their way into the system?