Financial Markets And The Break Down In Trust
A very clever lady taught me that our entire financial system works on trust. When traders are buying and selling stock or securities, there is an inherent bond of trust that the transaction is what it appears to be. While we hear stories of slimy dealings on Wall Street and in the financial power houses […]
The Fed’s Mistakes – How Deep In It Now?
In a recent private discussion thread, one of the participants cited our current problems as a shortage of liquidity (available cash) brought on by failed sub-prime mortgage lending. We are not a liquidity crisis, but a debt crisis. The banks have some idea of how bad the problem really is, but most people don’t know […]
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