Online Opinion

CEOs of major financial institutions will now be required to humbly shrug and smile sheepishly before accepting huge salary bonuses. Read the full article

Could this be the beginning of the end? Hope so. “A record drop in foreign holdings of U.S. Treasury bills in December sent a reminder that the government might have to pay higher interest rates on its debt to continue to attract investors. China reduced its stake and lost the position it’s held for more [...]

WORLD Ron Paul thinks the worst is still to come: “We might have up to a year or so of an economy growing just slightly above stagnation, followed by a drop in growth worse than anything we have seen in the past two years. As the housing market fails to return to any sense of [...]

Was wondering about the following scenario at the weekend: The USA has fueled the global economy. Arguably they’ve over-cooked it. Let’s say by a factor of 2:1? That is, their liabilities for the next 15 years are $60 trillion (TARP, Medicare, etc), but their growth/inflation could only produce around $30 trillion. The Fed realise they [...]

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’, [...]

I was reading about Moore”s new film which examines how evil capitalism is, blah blah blah. Same kinda sensationalised bollocks as before with Sicko, Columbine, etc. And it’s not that I’m some right-wing fascist. If anything, I’d say I’m a bit of a socialist that’s disappointed that the ideals of Marxism seem to fall down [...]