Tuesday, June 29, 2010

Robert Rubin: Architect of Doom (excpet for his buddies)

At some point in time the realization that the world has been conned by a group of plutocrats will become painfully obvious--as if it hasn't already.

Institutional Risk Analytics

Saturday, June 5, 2010

How's Supply Side Economics Working Out For You ?

The four stated goals of Supply Side Economic Policy
1. Reduce government spending,
2. Reduce income and capital gains marginal tax rates,
3. Reduce government regulation of the economy,
4. Control the money supply to reduce inflation

Government Spending


Effective Individual Income Tax Rates

Adjusted Monetary Base


Wealth Distribution



Total Government Debt as a % of GDP



It seems to be working out rather well for the banks.
Six Giant Banks Made $51 Billion Last Year

Friday, June 4, 2010

And not going away any time soon....


OTC Derivatives: Failed Banks or Failed Nations? - Hera - The Mises Community

This is a comprehensive discussion about the risk that UNREGULATED derivatives play in the world economy. An opinion like this--coming from a strong proponent of the Austrian School says volumes about how badly out of whack Wall Street, K Street and The Beltway have become.

Well worth the read !

OTC Derivatives: Failed Banks or Failed Nations? - Hera - The Mises Community