Jesse's Café Américain

“A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. For the traitor appears not a traitor; he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murderer is less to fear. The traitor is the plague.” Marcus Tullius Cicero

Showing posts with label bubbles. Show all posts
Showing posts with label bubbles. Show all posts
28 February 2009

The Bubble In US Treasuries and Its Implications

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The Treasury bubble is likely to be much less destructive than the Internet and Housing Bubbles. The bubble in the US dollar, however, if on...
13 February 2009

The Next Bubble to Implode: Commercial Real Estate

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Cartoon courtesy of Giovanni Fontana
31 December 2008

The Fuel for a Speculative Rally but Not a Recovery

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At some point we may stop confusing asset bubbles with economic growth. In the meantime, we might expect the shallow and immature stewardshi...
31 October 2008

Avoiding a Great Depression: Rescue, Rebalance, Reform

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The 1920's were marked by a credit expansion, a significant growth in consumer debt, the creation of asset bubbles, and the proliferatio...
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