asset-bubble
The Culture of Debt
I have something that I’m quite proud of to share with you this afternoon. It’s an essay called The Culture of Debt, and I wrote it about three years ago. At the time, the credit bubble was still growing, feeding a boom in real estate and fueling all manner of mindless consumption. I wrote this [...]
The World According to Gordon Brown
It was all smiles at the conclusion of the G20 summit held in London yesterday. British Prime Minister Gordon Brown babbled on about the emergence of a new world order – which will be composed of the very same self-serving politicians that he was bickering with just a few hours before this laughable announcement of [...]
Ronald Reagan must be doing Cartwheels in His Grave
Ronald Reagan must be doing cartwheels in his grave! I read an article in The Economist this week called “Greed – and Fear,” which is the first in a 14 page special report on the future of finance. I was struck by the opening statement, which described both the aftermath of the Soviet [...]
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