Michael Hudson has been covering real estate for some time and is one of the very few experts on real estate taxation. The picture above is a good representation of how banks see the optimal real estate situation, people who are so in debt that they have to allocate most of their income to their [...]
Archive for the ‘Economic Bubbles’ Category
Michael Hudson on Real Estate Taxation
Posted in Banking, Debt Peonage, Economic Bubbles, Economic History, Real Estate, tagged Michael Hudson, Milton Friedman on May 4, 2009 | 1 Comment »
The Problem with Milton Friedman – Compendium
Posted in Economic Bubbles, Economic Regulation, Economics, tagged Milton Friedman, SEC, Nobel Prize, Naomi Klein, Larry Summers on April 30, 2009 | 3 Comments »
Professor Friedman felt both that corporations had no business spending money for social good, and that business should not be regulated, because all regulation would eventually be captured by business interests. What type of world would this result in we wonder? Of the posts on this blog, those related to Milton Friedman seem to be [...]
The Real Reason for Boom and Bust Cycles
Posted in Alternate Economic Philosophies, Economic Bubbles, Economic Conspiracy, Mortgages, tagged SEC on April 29, 2009 | Leave a Comment »
According to the power elite, a casino economy is important for our economic well-being. One moment investment bankers are taking home astronomical bonuses, the next the ceiling falls in. This is called having a “dynamic” economy. If you disagree with this you either lack a PhD in economics or are a communist. We are told [...]
What Happens During a Financial Crisis
Posted in Banking, Economic Bubbles, Economics, Real Estate, Stock Market, tagged Henry Paulson, Obama, SEC on February 11, 2009 | Leave a Comment »
We thought this was a good primer as to what we can expect in the coming years. It provides a historical perspective as to what happens during a financial crisis. Actually, it is likely that we can expect worse than this due to the size of the bubble on the upside combined with the utter [...]
The Epidemic of False Information in Economics and Finance
Posted in Deliberately False Financial Information, Economic Bubbles, Economics, Investment Advice, Media Corruption, Yield Disparity, tagged CEPR.net, DollarsandSense.org, Enron, Goldman Sacks, Michael Hudson, Naomi Klein, SEC on January 26, 2009 | 1 Comment »
Wouldn’t it be nice if deliberately misleading and biased economics and financial information released by concentrated power came with this warning label? We think now is an appropriate time point out the massive amount of false information that surrounds all of us. Here are a few of the main sources: Academics: Focuses on teaching overly [...]
Real Estate Bubble Math
Posted in Economic Bubbles, Mortgages, Real Estate, tagged Michael Hudson on January 11, 2009 | Leave a Comment »
Why So Misunderstood? This topic is very poorly understood. One reason it is misunderstood is because there are large interests in banking and real estate that promote the misconception. The misconception is that higher and higher real estate prices are a good thing because they become a substantial portion of net worth for normal citizens. [...]
Independent Thinking Not Evident in Finance
Posted in Alternate Economic Philosophies, Economic Bubbles, Economic Regulation, tagged Dean Baker, Goldman Sacks, Henry Paulson on December 15, 2008 | Leave a Comment »
We found this post from Dean Baker extremely timely and interesting. What it points to is that we have a financial industry which is dedicated to creating asset bubbles, getting involved in more and more complex financial instruments, all of which have little bearing on producing real value. As for our advanced education system, it [...]
Stock Market Falling
Posted in Currency, Economic Bubbles, Monopoly, Stock Market on September 18, 2008 | 3 Comments »
Years of focus on the stock market and and the mechanization of how to increase it and invest it in have preventing many from asking what it is. This article is being written in September of 2008 when yet another series of financial mismanagement and corruption blunders have caused the stock market to swoon and [...]
Why is The Investment Media So Slow to Communicate Asset Bubbles?
Posted in Deliberately False Financial Information, Economic Bubbles, Economic Conspiracy, Media Corruption, tagged Enron on January 11, 2008 | Leave a Comment »
Abstract There is one view that the investment media is in the business of accurately communicating financial happenings. However, history seems to offer a different lesson. This article deals with this lesson. The Standard View To begin this analysis, we must first analyze if the stated purpose of the financial media is the actual purpose. [...]
What Mac Tells Us About Market Efficiency
Posted in Economic Bubbles, Economics, Markets and Efficiency, tagged Microsoft on January 11, 2008 | Leave a Comment »
Abstract The market operating systems is market by significant barriers due to compatibility. It was important for the global economy that the most effective operating system become predominant as so much is dependent on its productivity. It did not, and the reason it did not tells us a lot about how the consumer and business [...]
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