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Oleksii Sergieiev | Dreamstime.com

Why 2014 Is Beginning to Look A Lot Like 2008

The similarities are stacking up
Wednesday, March 12, 2014, 12:06 PM

Does anything about 2014 remind you of 2008? 

The long lists of visible stress in the global financial system and the almost laughably hollow assurances that there are no bubbles, everything is under control, etc. etc. etc.  certainly remind me of the late-2007-early 2008 period when the subprime mortgage meltdown was already visible and officialdom from Federal Reserve chairman Alan Greenspan on down were mounting the bully pulpit at every opportunity to declare that there was no bubble in housing and the system was easily able to handle little things like default » Read more

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The Unraveling Continues

Time to buckle up
Monday, February 3, 2014, 8:03 PM

The U.S. stock markets had a bad day, as did Japan's and Europe's. Of course, the whole world is linked now, so that's no surprise.

As goes one, so go the others. » Read more