The article Up in Smoke by Paul Mattick from Radical Perspective on the Crisis, explores how today’s’ economy recession can be compare to depression from the past. The difference between this two is that present situation can be controlled by government and it can be fixed but it has to be done fast. Governments started already [...]
Capitalism creates CRISIS!
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Naked Capitalism
- Links 11/22/09 November 22, 2009Unburied bodies tell the tale of Detroit — a city in despair Times Online Economists: Wrong Again Michael Panzner The illusion of improving global imbalances Richard Baldwin and Daria Taglioni, VoxEU (hat tip reader Don B) Unemployment rates rise in 29 states CNN (hat tip reader John D) Wall St. Finds Profits Again, Now by Reducing Mortgages Louise [...] […]
- Antidote du Jour November 21, 2009Apologies for absence of links! Hope to be back to closer to usual programming early next week. […]
- Stop the madness now! November 20, 2009By Edward Harrison of Credit Writedowns. A reader at Naked Capitalism asked us to respond to a recent article from the Christian Science Monitor asking Does US need a second stimulus to create jobs? Marshall Auerback has already done some heavy lifting – and taken all of the heat in the comments. He says emphatically yes. Now [...] […]
- Dodd: Bernanke Confirmation “Not Necessarily” a Foregone Conclusion November 20, 2009This clip is from an interview with blogger Mike Stark. Apologies for the poor sound quality. While Dodd indicates that he is “inclined to be supportive” of Bernanke, he is surprisingly cautious about making a broader statement, a sign of a shift in sentiment. […]
- Ivy Zelman: “Home prices are going back down” November 20, 2009By Edward Harrison of Credit Writedowns. Yves is stuffed again today, so I am going to post at least once or twice. Hopefully, we will also see something from Jesse or George as well. This is a post I wrote overnight about rising delinquencies and shadow housing inventory. I am not convinced house prices [...] […]
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Naked Capitalism
- Links 11/22/09 November 22, 2009Unburied bodies tell the tale of Detroit — a city in despair Times Online Economists: Wrong Again Michael Panzner The illusion of improving global imbalances Richard Baldwin and Daria Taglioni, VoxEU (hat tip reader Don B) Unemployment rates rise in 29 states CNN (hat tip reader John D) Wall St. Finds Profits Again, Now by Reducing Mortgages Louise [...] […]Yves Smith
- Antidote du Jour November 21, 2009Apologies for absence of links! Hope to be back to closer to usual programming early next week. […]Yves Smith
- Stop the madness now! November 20, 2009By Edward Harrison of Credit Writedowns. A reader at Naked Capitalism asked us to respond to a recent article from the Christian Science Monitor asking Does US need a second stimulus to create jobs? Marshall Auerback has already done some heavy lifting – and taken all of the heat in the comments. He says emphatically yes. Now [...] […]Edward Harrison
- Dodd: Bernanke Confirmation “Not Necessarily” a Foregone Conclusion November 20, 2009This clip is from an interview with blogger Mike Stark. Apologies for the poor sound quality. While Dodd indicates that he is “inclined to be supportive” of Bernanke, he is surprisingly cautious about making a broader statement, a sign of a shift in sentiment. […]Yves Smith
- Ivy Zelman: “Home prices are going back down” November 20, 2009By Edward Harrison of Credit Writedowns. Yves is stuffed again today, so I am going to post at least once or twice. Hopefully, we will also see something from Jesse or George as well. This is a post I wrote overnight about rising delinquencies and shadow housing inventory. I am not convinced house prices [...] […]Edward Harrison