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The art of economics consists in looking not merely at the immediate hut at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups—Henry Hazlitt

Showing posts with label Subprime. Show all posts
Showing posts with label Subprime. Show all posts
Saturday, May 24, 2014

The speculative mania galore in full throttle: US Edition

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Last week I noted that the intensity of speculation in the Philippines reached a new peak as “locals rotated into the more ‘speculative’ a...
Sunday, August 16, 2009

Inflationary Policies Have Vastly Been Changing The Market Landscape

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``During a boom, inflation creates illusory profits and distorts economic calculation. What the free market does best is penalize the ineffi...
Sunday, June 14, 2009

US Financial Crisis: It Ain’t Over Until The Fat Lady Sings!

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``For speculative and especially for Ponzi finance units a rise in interest rates can transform a positive net worth into a negative net wor...
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