Securitization and GDP

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The US artificially grew its gross domestic product (GDP) by financial engineering. Former Free Market Fed Greenspan saw it as a way for banks to “offload risk” to other parties. The problem now is the other parties realize what has occured and are eschewing such ‘opportunies.’ The ‘too big to fail’ banks issued bad

Regulatory Reform on front burner

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Regulatory reform of the US financial system has been put on the front burner with the Obama Administration’s outline of changes it desires. No argument here that reforms are necessay as the ‘too big to fail’ banks essentially embarked on a campaign to put greed in front of integrety and the law to issue credit [...]

Change to come in spite of US

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The “green shoots” of economic growth are appearing nurtured by unprecedented stimulus and bailouts of the financial system. With them the market is rallying. The question is will these sprouts mature or wilter? Will the market then fall back?

A New Year with a New Global Opportunity!

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2009 is here with invaluable lessons both for the US and the world. These lessons have come  by way of considerable, global economic problems inflicted by the US that won’t shortly pass. That’s because the US’s version of ’Free Market Capitalism’ was manufactured on a leveraged, over consumption, and other people’s money formula that has grossly impaired the world’s remaining superpower overwhelming it

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