If there is one common theme to the vast range of crises we consider in this book, it is that excessive debt accumulation, whether it be by the government, banks, corporations, or consumers, often poses greater systemic risks than it seems during a boom. Infusions of cash can make a government look like it is…
Tag Archive: financial crisis
How to Manage Your Money in Uncertain Times
There’s more than one answer to these questions Pointing me in a crooked line. And the less I seek my source for some definitive The closer I am to fine. ~ Indigo Girls, “Closer to Fine” Those of you who have been reading Balance Junkie for a while you know that my economic forecast is…
Financial Spilled Milk: Macbeth Meets Ponzi
It doesn’t matter how much milk you spill, just so long as you don’t lose the cow. ~ Mark Guilbeau “Fair is foul and foul is fair.” (Macbeth, Witches, Act I, scene i) The EU is the latest hero in the bailout bonanza. A paltry trillion dollars bought a rip-roaring short-covering rally on stock markets…
Capitalism: The Missing Links
Truth is not determined by majority vote. ~ Doug Gwyn Update: This article was included in the Money Hacks Carnival #113 at Learn Save Invest. Thank you! This is the third and final post in our mini-series introducing some basic thoughts on capitalism. In the last installment we asked Is Capitalism Broken? Whether you think…
Is Capitalism Broken?
What we have in America is socialism for the rich and capitalism for the poor. ~ Gore Vidal Update: This article is included in the Carnival of Financial Planning #138. Thanks! In the inaugural installment of this series on capitalism, we introduced Capitalism’s 3 Children: owners, managers, and employees. All of them have key roles…
Capitalism’s 3 Children
We live in a world in which politics has replaced philosophy. ~ Martin L. Gross, A Call for Revolution, 1993 Update: This article was featured in the Carnival of Financial Planning #137 posted at The Skilled Investor. Thank you! What’s the difference between politics and philosophy? It seems to me that philosophy is about searching…
Elizabeth Warren: Must See Video
This Tuesday, March 9th, 2010 marks the first anniversary of the stock market bottom. Most markets are up a whopping 70% or so from there, although still down from their earlier peaks. Many would have us believe that we have dodged a bullet, or more accurately, a nuclear missile. I agree. We have pulled back…
