Bruce Henderson is a former Marine who focuses custom data mining and visualization technologies on the economy and other disasters.
I know there are plenty of folks (somewhere) who think that throwing $700 Billion down a deep debt hole was going to fix things. Let me help you out. Consider the graph below from Credit Suisse What this shows is that the first rate resets for the Subprime loans has mostly passed. So people who […]
So it seems that the biggest boondoggle of them all is in the pipeline to become law. Crooked high dollar investors are about to be forgiven of all they owe from bad debts, with the cost transfered to the common taxpayer. This is often referred to in economic circles as a “Moral Hazard“. Wikipedia puts […]
Sadly, there is no surprise that the current government is stalking it’s way towards the largest block grant to the wealthy ever. Word from the press that the congress has come up with a $700B plan to save the bank accounts of people who make more money in a day than many folks will see […]
I think it’s hard to imagine the scope of what is being considered. The total cost so far of the bailout, if they throw in the other $700B will be 1.2 TRILLION dollars. You have to wonder, what else could we do with that money…. Lets have a look! You could give every person in […]
Word comes today that we have the start of another bank run. This one is hitting the Hong Kong based “Bank of East Asia”. According to the BBC: The Bank of East Asia has denied rumours that it is in financial trouble, after thousands of customers queued to withdraw their savings. After weeks of global […]
Friday the blog world was examining this curious press release from NASA: NASA To Discuss Conditions On And Surrounding The Sun WASHINGTON — NASA will hold a media teleconference Tuesday, Sept. 23, at 12:30 p.m. EDT, to discuss data from the joint NASA and European Space Agency Ulysses mission that reveals the sun’s solar wind […]
When the AP published a bundle of her personal information online shortly after her appointment as the Republican VP pick, there were bound to be ramifications. Some of that information helped motivate the delinquent son of a Memphis TN Democrat Congressman to hack Palin’s personal email account. Sadly for this troubled little dweeb he has […]
Congress and the treasury have been working all weekend to rob the US taxpayer of $1.2 Trillion by putting every one of us taxpayers on the hook to repay all of the bad investments their oligarch pals made over the last 10 years, while letting them keep all of the profit. Now word surfaces this […]
Approach this day with caution, those who have vivid memories. This morning I turned on the news and was confronted with a “replay” of the September 11th, 2001’s news cast. I can clearly remember being up early that morning for a teleconference with clients on the east coast of the US, and deciding to pass […]
The Beginning Of The “Big Game”
Several of my friends and relatives have asked me why I am not posting about the financial antics unfolding in real time these days. I hate to post things like “I told you so”, because they don’t really add much to the solution. I am amazed by so many facets of what is happening. First […]
Read More