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 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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