Jesse's Café Américain

"O that I could find in the desert a wayside shelter for travelers, that I might depart from my people. For they are all adulterers, an unfaithful mob of traitors. Their tongues are devious weapons, bent like drawn bows. With falsehoods rather than truth they have gained power. They commit one crime after another. They do not know me, says the Lord. I will make Jerusalem a heap of ruins, the lair of jackals. I will lay waste to Judah, a desolation where no one can live."
Jeremiah 9:2-3,11

Showing posts with label credit bubble. Show all posts
Showing posts with label credit bubble. Show all posts
15 March 2013

Greenspan: No Irrational Exuberance, Stocks 'Undervalued' - The Rake's Progress

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  “I recognise that there is a stock market bubble problem at this point , and I agree with Governor Lindsey that this is a problem that we ...
27 February 2012

Performance of Stocks, Bonds, and Gold In an Inflationary Environment

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Jeremy Grantham's GMO group has produced an interesting study showing the performance of three asset classes against inflation. I th...
03 April 2009

The Credit Bubble Was a Ponzi Scheme Enabled by the US Dollar

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They say a picture is worth a thousand words. Here is a picture of the US credit bubble, with the deleveraging which has just begun. It is/w...

Pictures From a Monetary Bubble

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Credit bubbles are very much like pyramid, or Ponzi, schemes. The middle class is particularly hard hit as they exchange their remaining rea...
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