economy:
Paul Krugman was awarded the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. “It’s been an extremely weird day, but weird in a positive way,” Mr. Krugman said in an interview on his way to a...
Posted on October 13, 2008 11:58 AM • 0 Comments •
In this video, Hannity tells us the economy is in fine shape, wonders if it is reasonable to think that people would really vote against the Republicans due to the economy. Granted, it was a month ago, at which time...
Posted on October 10, 2008 9:42 AM • 5 Comments •
From London Banker: "The problem with financial institution balance sheets is that on the left hand side nothing is right and on the right hand side nothing is left." It's pretty obvious that financial institutions are struggling. We've had 16...
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Posted on September 28, 2008 2:10 AM • 4 Comments •
Large Wall Street independent investment banks had a nice thing going. Because much of what they did was not depository banking, there was little Federal oversight. Instead, the SEC let them run voluntary oversight programs. Now, the SEC chairman, Christopher...
Posted on September 27, 2008 11:52 PM • 0 Comments •
No, this is not a conspiracy hypothesis. There really is a shadow banking system. There is even a Shadow Financial Regulatory Committee (although the Committee is really a study group, not a regulatory body of any sort). The System...
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Posted on September 22, 2008 8:05 AM • 0 Comments •
The economic crisis is reported to be responsible for a recent increase in calls for mental health services: Economy worries driving more people to seek help By ROB WATERS and DAVID OLMOS September 20, 2008...
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Posted on September 21, 2008 8:05 AM • 0 Comments •
Within the past few days, I've noticed quite a few bloggers and news writers make comparisons between the hurricanes and the financial meltdown. It just occurred to be that there is another facet to this analogy. This has to do...
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Posted on September 17, 2008 7:31 AM • 1 Comments •
There have already been several posts about hurricane Ike on Scienceblogs (1 2 3 4 5 6 7), but so far I haven't seen anyone put the whole picture together. We still don't know exactly where Ike will hit, but...
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Posted on September 12, 2008 7:45 AM • 6 Comments •
Toward the end of last week, the US stock market declined precipitously. Within the space of a few days, we learned that unemployment is way up, more than nine percent of U.S. mortgages were delinquent or in foreclosure, the FDIC...
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Posted on September 8, 2008 7:34 AM • 3 Comments •
Just in case you thought you were having a good day, here is a graph from the Fed that shows how much money the banks have: Don't panic. The final number is from 1 July 2008. I'm sure they've fixed...
Posted on August 21, 2008 9:31 AM • 0 Comments •
