Tag: fundamental
How the Financial Crisis Happened
by Mr. Wiseman on Feb.22, 2010, under Opinions
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. (continue reading…)
Economist Says Current Financial Crisis Is First And Foremost A Crisis Of Confidence
by Mr. Wiseman on Dec.19, 2009, under Opinions
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.* (continue reading…)
Over-Consumtion is a Straight Way to Crisis
by Mr. Wiseman on Dec.18, 2009, under Editorial
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. (continue reading…)
Fundamental driving forces of the financial crisis
by Mr. Wiseman on Dec.15, 2009, under Opinions
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? (continue reading…)
