Tag: fundamental

How the Financial Crisis Happened

Posted by Mr. Wiseman – February 22, 2010

The U.S. financial meltdown has created a worldwide crisis. Ironically, worldwide scared money is still flowing into U.S. Treasury obligations as a safe haven. This permits more U.S. borrowing, but by drying up credit overseas creates financial crises in other countries.

I’ve been posting for several years on pieces of the origins of this financial crisis. Now Robert Weissman and others have attempted to put together an overall picture of what happened in Sold Out: How Wall Street and Washington Betrayed America, produced by Essential Information and the Consumer Education Foundation. More→

Economist Says Current Financial Crisis Is First And Foremost A Crisis Of Confidence

Posted by Mr. Wiseman – December 19, 2009

ScienceDaily (Sep. 26, 2008) — Mahmoud El-Gamal, chair of Rice University’s economics department and Amy Myers Jaffe of Rice University’s Baker Institute are near completion of a forthcoming book, tentatively titled “Oil, Dollars, Debt and Crises.” The book closely examines the world financial marketplace. “It’s a book about the petrodollar and the worldwide financial system,” said El-Gamal.* More→

Over-Consumtion is a Straight Way to Crisis

Posted by Mr. Wiseman – December 18, 2009

New trendy “Do  The Green Thing” published an survey. It show how much people spend on completely unneeded staff.

In 2008, £1.7 billion was spent on unwanted Christmas presents

Each person will spend an average of £435 on Chrismas gifts

Over-consumtion leads to extra garbage and CO2 emissions. More→

Fundamental driving forces of the financial crisis

Posted by Mr. Wiseman – December 15, 2009

It is superfluous to note on this blog that the world economy is passing through the most severe financial crisis since 1929.[1] Its results are also beginning to be well understood: the era of increasing deregulation has ended and instead increased, in the US very large scale, state intervention in the economy has begun.[2]

But what type of crisis is this – which greatly affects what its eventual outcome will be? More→