Posts Tagged ‘ banks ’

Banks, Not the Free Market, Are to Blame

Nov 3rd, 2011 | By | Category: Economics, Featured
One nice thing about the Internet age is that libertarians and other supporters of the free market have a platform to offer our own narratives on financial crisis and recession. This democratization of publishing means we can offer counter-narratives to the those of the elites, and do so contemporaneously and ...read more


The American Housing Market Is Headed for Total Destruction

Oct 13th, 2010 | By | Category: Featured, Housing, Macro Economics
The issue with the recent robo-signing scandal is that clear title could disappear in the American mortgage market. Part of the outrage is that U.S. banks have been foreclosing on mortgages which they don’t even own. Part of the reality is that the convoluted process of securitisation means banks may ...read more


Collapse Is Inevitable

Mar 15th, 2010 | By | Category: Featured, Macro Economics
“Masked youths...attacked the head of Greece’s largest trade union, who was addressing the crowd, and hurled stones at the police. GSEE union boss Yiannis Panagopoulos traded blows with the rioters before being whisked away, bloodied and with torn clothes.” The Daily Mail account put the blame for these disturbances on Germany’s ...read more


An Insider’s View of the Real Estate Train Wreck

Feb 10th, 2010 | By | Category: Featured, Housing, Investing Strategies
The first time I spoke with real estate entrepreneur Andy Miller was in late 2007, when I asked him to serve on the faculty of a Casey Research Summit. As John Mauldin, a former faculty member himself, knows, we’re very selective with our speakers. And there was no one in ...read more


Who Killed 21 Georgia Banks?

Aug 21st, 2009 | By | Category: Featured, Macro Economics
“It does gall you. Just because we're a little bitty county doesn't mean we don't need a bank. It wasn't our fault." -- Hazel Bedingfield, 79, who now travels 24 miles for her Social Security payment at her new bank You deposit your paycheck on Friday and can’t get money out on ...read more


Bank Accounting Fudges Loan Losses

Aug 13th, 2009 | By | Category: Featured, Investing Strategies
Investors often assume dangerous, unnecessary risks by owning stocks on the basis of sloppy economic and financial analysis. For each stock you own, you should frequently reassess the reasons for owning it. Also, you need to remain on the lookout for signals that the future operating environment for a particular ...read more


FDIC Fosters Moral Hazard Among Banks

Jul 10th, 2009 | By | Category: Featured, Personal Investing
What am I missing? Why do the majority of folks blindly accept the shenanigans of the federal government? Why is it advisable to bail out the failures and penalize the productive? Isn’t there a moral hazard lurking somewhere in this mix? In a recent editorial, Peter Schiff reminded me of what ...read more


The Uncertainty Principle in Accounting

Jun 16th, 2009 | By | Category: Featured, Morning Whiskey
The debate rages on over how to do proper accounting for financial institutions. After each major debacle, there is a stampede to some other method. Maybe the chronic problem is the ongoing assumption of modern accounting that every security has an instantaneous value based on its expected revenue and its ...read more


Waking Up from the Happy Motoring Dream

May 26th, 2009 | By | Category: Featured, Macro Economics, Oil
Something like a week remains before General Motors is reduced to lunchmeat on industrial-capital's All-You-Can-Eat buffet spread. The wish is that its deconstructed pieces will re-organize into a "lean, mean machine" for producing "cars that Americans want to buy," and that, by extension, the American Dream of a Happy Motoring ...read more


Shoveling Money into the Deceased Economy

May 19th, 2009 | By | Category: Featured, Macro Economics
The Great Wish across America is to resume the life of comfort-and-convenience that seemed so nirvana-like just a few short years ago, when the very constellations of the heavens might have been renamed after heroic Atlanta realtors and Connecticut hedge fund warriors, and the boomer portfolios groaned with earnings, and ...read more