Latest news (Page 169)

How to Thaw Credit, Now and Forever

In The Great Crash of 2008, Mason Gaffney explained our current crisis as a manifestation of the roughly eighteen year

If You Could Use a Laugh About Now...

From today's Independent. It has nothing to do with economics or the crisis. Consider it D&S&

Trade Deterioration Continues

Just when you though things might--might--be staggering back to a point somewhat close to a vastly degraded normality,

Uncle Sam v. McWorld

The wonderful Yves Smith with yet another great post. Note that US Treasury bonds appear, ever so slightly, and in

Positive Drivers in Negative Environment

The Financial Times on US stocks' best weekly performance in 30 years. Note the followiing in particular: For the

Jumping Before They Could Be Pushed

From today's Financial Times. Mercifully, and for once recently, the biggest news story of the day is relatively

How the Other Half Recapitalizes

From today's International Herald Tribune: Barclays to raise 7.3 billion pounds in share sales, mostly to Mideast

Not Just an American Problem

From today's Guardian: Rescued bank to pay millions in bonuses RBS 'making monkeys' out of the

Protesters Disrupt Frankfurt Stock Exchange

Missed this earlier this week--hat-tip to Ben Collins. FRANKFURT, Oct 27 (Reuters) - Protesters from the anti-establishment Attac

Teamsters to Own Part of WonderBread?

Posted by Steven L. Robinson on lbo-talk: "In the Great Depression, the folk wisdom was that baking was

Recession Funnies

Dear Dr. Dollar:

Isn't the "bailout" of Wall Street like having a rotten tooth extracted? The extraction is very unpleasant, but it beats the alternative. Even if the dentist charges an unreasonably high fee, I am still going to pay and have the job done. Later I will worry about taking better care of my teeth. So s