Tag Archives: Deficits

Bailout Nation Wins First Amendment Award for Outstanding Journalism

By | July 5, 2021

Many authors, journalists, and publicists have asserted causes for the financial crisis and stock market crash of 2008. However, none have done as comprehensive a job as Barry Ritholtz in his Mount Everest view of how it all went down: Bailout Nation. Bailout Nation avoids all the disingenuous blame-shifting onto specific political parties or individuals.… Read More »

Truly terrifying data about the real state of the U.S. economy

By | July 5, 2021

By Eliot Spitzer I have an unfortunate sense that the "green shoots" in the economy that everyone is talking about are nothing but dandelions. Sure, forcing $1 trillion of taxpayer money—in direct capital, guarantees, and diminished cost of borrowing—into the banking sector has permitted the major banks to claim solvency for the moment. Yet we… Read More »

Janet Tavakoli

By | July 5, 2021

Janet Tavakoli, author of Dear Mr. Buffett: What an Investor Learns 1,269 Miles from Wall Street, describes her meetings with investor Warren Buffett prior to the economic downturn. It’s a shame so few average Americans know who she is. The video is long, but well worth your time.

IMF – aspects of the current crisis are new and unanticipated

By | July 5, 2021

The global economy is experiencing the deepest downturn in the post-World War II period, as the financial crisis rapidly spreads around the world. A large number of advanced economies have fallen into recession, and economies in the rest of the world have slowed abruptly. Global trade and financial flows are shrinking, while output and employment… Read More »

Government bailouts in perspective.

By | July 5, 2021

For this sort of money, we could have had human exploration of the Solar System, manned bases on Mars, new super colliders to explore the boundaries of known physics, massive space telescopes, and funding for generations of pure science students and their research projects, which would have all added up to humans gaining a far… Read More »