banking crisis: Whats at the heart of this economic crisis? - 10/23/08 05:01 AM
Interesting to watch the financial guru's thrash about in relative surprise at recent developments in the credit market.  Greenspan appeared before a congressional committee this morning and feigned his great surprise at the collapse of free market principals in regards to the credit markets and real estate.  Many of the current problems are a direct result of his direction as Federal Reserve Chairman.
But what is at the heart of the problem?  Why will the federal government surely fail if it doesn't address this issue now.  The big issue is the real estate market!!  It's been the case since 2007, and … (1 comments)

banking crisis: And some didn't think Europe would feel any pain.... - 06/18/08 02:46 AM
Reality is that when the worlds #1 consumer spending economy takes it in the chin, the rest of the world is soon to follow.  As the United States has delt with one of the most severe deflationary real estate spirals in recent history, Europe and Asia have not witnessed slow downs as of yet in their economies.  But they are now facing a big problem, and in some ways it maybe a temporary answer to the energy price problem in the states.
An interesting article I read this morning <ARTICLE> points out that Europe and Asia are about to get hammered … (0 comments)

banking crisis: Will 2008-2009 be the Great Recession or Depression of our era? - 11/12/07 04:09 AM
I think the jury is out, and the question isn't if we're heading into a recession, but the real question is how long will this recession affect markets, and how harsh will it become.  This morning I read an alarming article about the impending recession, Impending Financial Hurricane, Now I know that you don't want to be overly negative because of some bad news you read on the Internet.  But neither should you stick your fingers in your ears and close your eyes when the train is heading towards you. I guess the question is the media over blowing the risks … (12 comments)