The Free Market Clapper
G. Scott | December 17, 2008
The Free Market Clapper.
The Critical Edition
With extra-wide margins
GuidoWorld » The Last Christmas?
G. Scott | December 2, 2008
Just how bad is the current situation? How long will it last? Guido offers some stark analysis:
All previous down markets have lasted three eighths as long as the preceding up phase. This would mean the stock market will be going down till 2016 - 2017. Since stock markets usually rebound before the economy, one can [...]
YouTube - Untangling credit default swaps
G. Scott | November 25, 2008
Sincerely, Mr. Waxman
G. Scott | November 7, 2008
A letter, dated October 28:
Dear Mr. Blankfein[, Chairman and Chief Executive Officer, Goldman Sachs]:
Earlier this month, the Treasury Department announced plans to invest $125 billion of taxpayer funds in nine major banks, including yours, as an emergency measure to rebuild depleted capital. According to recent public filings, these nine banks have spent or reserved $108 [...]
The Financial Crisis, Explained
G. Scott | October 21, 2008
A fairly succinct explanation.
It’s the End of the World as We Know It…
G. Scott | September 30, 2008
That’s what the rest of the world is saying, anyway. The Spiegel staff writers, and hence a certain segment of Germany, certainly thinks that America’s world dominance has come to an end:
[Bush] talked [at the UN] about terrorism and terrorist regimes, and about governments that allegedly support terror. He failed to notice that the delegates [...]
A lot of zeros…
G. Scott | September 29, 2008
What is to blame for not getting the rescue plan through? Republican ideals or Democratic politicizing?
Representative Adam Putnam of Florida, the No. 3 House Republican, said Pelosi’s “speech cost us votes” because it set a “partisan tone,” a reference to her comment before the vote blaming Bush administration policies for the crisis.
Democrats voted 140 to [...]
German Economics Experts
G. Scott | September 23, 2008
The German perspective on the bailout:
It’s not a call for assistance; it’s a scream for help. US Treasury Secretary Henry Paulson is asking other countries to help buy up bad US debt. The US government is putting up $700 billion in taxpayer money in the hopes that the measure might restore stability in the financial [...]
The Rescuers
G. Scott | September 18, 2008
The cavalry is coming!
US Treasury Secretary Henry Paulson said after meeting members of Congress that legislation would be required to help rid US banks of their bad assets.
He said this was at the heart of the rescue plan, which will be worked out over the weekend.
BBC NEWS | Special Reports | US pledges financial rescue [...]
Socialism, 21st Century Style
G. Scott | September 17, 2008
The Federal Reserve and the Bush administration believe the threat of defaults by AIG on a lot of unregulated derivative contracts creates a national emergency. It’s too bad they didn’t think of that when they were opposing any efforts to regulate those markets. That would have been interfering with free enterprise. This move, somehow, is [...]