Tag Archives: credit crunch

Who's the Culprit? Nearly everyone.

It seems to be a human trait to expect and to seek out singular causes of complex social phenomena. The credit crunch is a case in point. It has been variously blamed on Ronald Reagan, Bill Clinton, Phil Gramm, Fernand … Continue reading

Posted in Economics and Capitalism, Politics and Government, Uncategorized | Tagged , , , | 4 Comments

No Normal

This is a recession, a deep one, but eventually the economy will return to ‘normal’. Both sides of the aisle in Washington believe this. If they are wrong, the economy will not return to equilibrium and there is no normal. … Continue reading

Posted in Economics and Capitalism, Financial Markets and Investing, Politics and Government | Tagged , , , , , | 1 Comment