A Silver Lining

Luxury or Necessity? The Public Makes a U-Turn Rich Morin and Paul Taylor, Pew Research Center, April 23, 2009 Could our current economic recession be beneficial? In several ways, yes. One benefit may be that our gluttonous consumerism will wane. Hopefully the new behaviors will be required long enough to become habits. It finds that […]

Doomed By Cheap Money

Infinite Debt: How unlimited interest rates destroyed the economy Thomas Geoghegan, Harper’s Magazine, April 2009, p31 In this scathing essay, Mr. Goeghegan enumerates the problems of allowing interest rates to escalate to grotesque and immoral levels. His analysis and insights are fascinating and worth consideration. He says what many are thinking and few are saying: […]

Folded Granny

The Long Legs of the Crash: 13 Unexpected Consequences of the Financial Crisis Daniel W. Drezner, Foreign Policy, March/April 2009, p. 100 I bet you never thought you’d read about Playboy Playmates in Foreign Policy Magazine. 🙂 There is a rough correlation between bull markets and bare knees. During boom times, skirts get shorter. In […]