Online Opinion

Steve Keen’s recent post is a great summary of where the economy is currently at… Despite everyone claiming the recession is over.

And to continue this grim reflection from outside of Australia, why not check out what these asset managers are saying.

Of course, as this article points out, it’s not a case of ‘if’, but rather ‘when’ things are going to come crashing down. What does a ‘W’ look like again?

Speaking of fraud, check out this example of the US goverment spending the future now. I mean seriously, WTF?!

Or this attempt to borrow back from the market. So what… Is this their fucking exit strategy?!

And I thought the bailout was only $700b? $23.7 trillion… That’s a bit of a blow out isn’t it?

I wonder if that includes the money that AIG aren’t gunna pay back?

Way to wipe out 10 years of average income gains.

And just in case you thought Iceland’s little failure was an isolated issue? What’s that? “…likely to affect every UK household”. Nice.

I wish I was an economist so I could state the fucking obvious. Add some bloody value! Thanks Joseph.

And just to close out this little rant, I thought this was a cute (if somewhat simplistic) look at the bubbles we’ve got to contend with.