'General' Archive | RSS
Are you confused by the current economic crisis? Yes? Well, here’s what’s happened and what is happening and what will likely happen in the future. Past: The Clinton administration funded fat mortgages to poor people on poor-quality housing. A lot of paper was issued, backed by this debt. When supply increased way beyond demand, the [...]
Filed:November 7th, 2009 by tigertom | Comments Off
Barack Obama is the new Tony Blair. He looks good, has a very organised machine behind him, says vaguely positive things but nothing definite. "Change, we can believe in!" That is a meaningless statement. I’m surprised people fell for it; it’s crass marketing. What change, exactly? It allows people to read what they want into [...]
Filed:January 30th, 2009 by tigertom | Comments Off
The dullards want ‘business as usual’. They’re propping up bad banks to try to keep a damaged dream alive. It won’t work. The world is running scared. Good money was paid for bad paper. This illusory wealth must be bled out of the system like air out of a radiator. It would be smart to [...]
Filed:January 29th, 2009 by tigertom | Comments Off
I predicted the current recesson back in 2005, in this blog. Wasn’t hard. Lots of other people knew the credit boom couldn’t last. What’s surprising is that our leaders in the US, UK and Ireland pretended it could. What’s chilling is that they might have believed what they said; that it was only a ‘correction’, [...]
Filed:December 2nd, 2008 by tigertom | Comments Off