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 [...]

Hank to the Rescue

Treasury Secretary Hank Paulson mounted his white stallion
named “Sucker” and rode to the rescue of central banks from
Berlin to Beijing on Sunday morning by placing US mortgage
giants Fannie Mae and Freddie Mac under direct government
control. The implied government guarantee of their debt has
now been made quite explicit. This means that shareholders
will be practically wiped [...]

Inflation: The New Wave- by Greg Strid

An inflationary wave is building around the globe and
it threatens living standards and political stability. Prices
for food, energy and industrial commodities have been
rising steadily for the past few years. (The soaring cost
of food has sparked riots in Bangladesh and China this
year.) There are two main components that are giving
life and breath to the steady rise [...]

The End of Easy Money- by Greg Strid

The End of Easy Money
Stock markets around the world have been slapped
around the past few days, with the worst carnage
occurring today. The venerable Dow and S&P indexes
were each down by 2.3 percent, and the tech-laden
Nasdaq was off 1.8 percent. Losses of 2 percent were
the norm across continental Europe; the greatest pain
was experienced in Great Britain, [...]

Uncle Bling- by Greg Strid

China is the Culprit for American Woes

China is the Culprit for American Woes
By Greg Strid
A brief introduction:
The days of plenty may be coming to an end. There
is a palpable sense of unease that stretches from coast to
coast. People cannot put their finger on it, but they know
that something is amiss. Politicians and business leaders
can feel the tension in the air, but [...]

China’s Bubble Trouble

CHINA’S BUBBLE TROUBLE
Look out below! It seemed as if the sky was falling
for China’s new breed of stock market investors last
week. The Shanghai Composite Index, similar in
importance to Chinese market speculators as its
cousin, the New York Stock Exchange is to gamblers
(or if you prefer, shareholders) in America, lost nearly 9
percent last Tuesday.
The [...]

Kim Scotch-il

News Flash: International Cooperation Pays

The hottest game show on the international scene, “Where’s
My Nuke?”, featured a feisty contestant named Kim Jong il this
week. He is known for his fondness of scotch, American
movies, and fast, luxurious automobiles. On Tuesday, he chose
to strike a deal with the game’s team of hosts- the United States
and its partners (China, Russia, [...]

The new Japan

A week after Shinzo Abe, Japan’s new prime minister, was elected by a two-
thirds majority in the lower house of parliament, North Korea announced that
it would carry out a nuclear weapons test. Abe’s response to the latest
irrational utterance from the warped kingdom of Mr. Kim was very firm;
this would be considered an unforgivable act, [...]