The Plutonomy—AI Edition—and the Coming Crisis
Driven by speculative finance, stagnant wages, and AI hype, today’s tech-heavy economy mirrors the fragile plutonomy that collapsed into the Great Crash of 1929.
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Should we stop dumping money into a hole?
In The Know: Should The Government Stop Dumping Money Into A Giant Hole?
More AIG Fun With Bailout $$
AIG execs just want to have fun, even if it means they have to sneak around mean old Uncle Sam
Transcript of NewsHour Interview with Paulson
From the NewsHour with Jim Lehrer, to be aired tonight. JIM LEHRER: Mr. Secretary, welcome. SECRETARY HENRY PAULSON: Good to
Dialectic of Exaggerations
This posting is from D&S collective member and frequent blogger Larry Peterson. To see more of his posts,
The High Priests of the Bubble Economy
Dean Baker via Yves Smith of Naked Capitalism; hat-tip to Ben Collins. Dean Baker goes full bore after two
Outstanding Analysis by Anatole Kaletsky
From today's Times. Here's a nugget: "The answer, to return to my medical analogy, is
Paulson Changes Tack Yet Again on TARP
It's a good thing (for him) this guy doesn't have to face elections. From Reuters: Treasury
Fannie/Freddie Relief Plan for Homeowners
From International Herald Tribune Fannie Mae and Freddie Mac plan to help U.S. homeowners By Edmund L. Andrews Tuesday,
Credit Losses To Exceed 10% of US GDP?
From Reuters: Credit losses may surpass 10 percent of U.S. GDP Wed Nov 12, 2008 12:07pm EST Reuters
Billionaires and the 'Great Recession'
From Bob Feldman: Should 'Great Recession' Burden Be Borne By U.S. Billionaires? As more layoffs of U.
The Worst Is Far from Over (Meredith Whitney)
This FT.com interview with Oppenheimer's analyst is well worth listening to. Some of Whitney's observations
Some (Belated) Thoughts on Obama's Victory
This posting is from D&S collective member and frequent blogger Larry Peterson. To see more of his posts,