Mortgage Meltdown: Economics 101 Theoretically economics should be a separate discipline from politics. It is referred in textbooks as the study of scarcity and allocation of resources. It ought to be an “assist” in developing national, regional and local policies that lead to better lives of citizens. In fact, however, it is merely an arm […]

Tags: crash, economics. econometrics, education, rational maximizers, stimulus
Posted in bubble, Corruption |

Well here it is. BOA, JPM et al are getting together a fund to “buy out (i.e.., bailout) the blood soaked securities they have been spewing out into the marketplace for years. They understand the likely response of the public. They understand disaster is just days away and they are actually trying to do something […]

Tags: bailout, banks, crash, credit, economy
Posted in Uncategorized |