Credit Bubble Stocks

Great Moldbug post on "maturity transformation," aka the fractional reserve banking scam: Our financial system is not a new ope...

Summary of Mises' Human Action : "Mises stresses the importance of entrepreneurship because only entrepreneurs actually do moneta...

"[W]e think the popular assumption that the Germans and the ECB (which requires agreement of the key factions within it) will come thro...

I am officially tired of Clint Eastwood. Here is a parody of the propaganda piece I refer to: The automaker bailouts are another example...

"We're not in the habit of making heretical statements, but we believe banks are not an appropriate investment at any price for the...

Senator Bob Corker, a Republican from Tennessee, said Bernanke made it “very clear” in closed-door comments today the central bank doesn’t ...

I'm starting to understand the bullish mindset, because a little voice in my head has been whining - - "why don't the leaders D...

Someone forwarded me a Citi research note about their "proprietary QE3ON indicator," which "tracks the likelihood of the Fed ...

From Hussman: The most depressing display of math-illiteracy by investors last week was the excitement over a report suggesting that France...

The Fed's creation of the Maiden Lane companies to purchase bad assets was, and remains, illegal under the language and intent of the Fe...

"Let’s face it," she said. "Bear Stearns was a second-tier investment bank, with — what? — around $400 billion in assets? I’m...

Barron's says the only way out is for Greece to restructure. "Europe's official approach has been to muddle along and hope the ...

Government Bonds Bill Gross still can't figure out who will buy bonds if the Fed doesn't. But, "don't cry for Pimco....

At the center of almost every national economy today is a central bank that has been granted the government-sanctioned authority to interven...

Dallas Fed President Richard Fisher is the fellow who brought us " Old Doc Nadler's Remedy ". Today, he gave a speech called ...

I've mentioned Ireland's problem in the past; they " faced a painful choice between imposing a resolution on banks that were to...

I meant to post the Michael Lewis article about Ireland's bank bailouts that ran in Vanity Fair last month: In any case, if the Irish ...

I'm hearing speculation that the Fed might taper off the QE2 purchases of treasury securities to "promote a smooth transition in ma...

There was an article in the WSJ today making the analogy with current fiscal troubles and the state defaults in the 1840s . See also this ...

Just following up on my Review of Diary of a Very Bad Year: Confessions of an Anonymous Hedge Fund Manager . Taylor Conant posted his review...