Readers of this blog may want to read a special comment; it is listed below and can also be found here: https://www.economicgreenfield.com/a-special-note/ Comment – Special As you will notice, much of my blog posts and writings point to a difficult and painful future resolve to our economic difficulties, or at least sound a cautionary note with regard … Read moremisc. note
Here is an interesting New York Times editorial regarding foreclosures. Please note that I don’t necessarily agree with many of the recommendations, but the editorial does a nice job of summarizing some of the problems: http://www.nytimes.com/2009/06/02/opinion/02tue1.html?_r=1 “Solving” our residential real estate problems is going to be most difficult, in my opinion. It is a very complex … Read moreForeclosures
This was an interesting editorial in The Wall Street Journal a few days ago concerning the “redefault” rate: http://online.wsj.com/article/SB124338503008056785.html These statistics are problematical, especially if one believes the economy will stagnate or worsen from this juncture. It also raises the question as to the effectiveness of intervention measures on default rates and housing prices. Many of the current … Read moreRedefaults
There is so much that can be said about GM’s demise, as well as how its bailout has been handled. It is rather mindboggling to realize that at its peak, it was the most powerful company in the world. I’ve been trying to recall how many times major stories have been published over the years about GM’s … Read moreGM Bankruptcy
Here is a recent interview of Rep. Barney Frank on CNBC. I found the first few minutes to be interesting, as well as disconcerting in many ways: http://www.cnbc.com/id/30980892 What nearly everyone, especially the decision-makers in Washington, don’t seem to grasp is the risks inherent in large-scale market interventions. One question to ask might be, “If large-scale market … Read moreRep. Barney Frank interview – my comments
It is interesting that there has been relatively little commentary on the increase of the 10-year Treasury yield. In my opinion the rise is significant in many ways. Perhaps chief among them is the fact that the yield has risen sharply (to a current 3.46%) despite a large-scale intervention designed to bring yields lower. This divergence is significant because it … Read more10-year Treasury Yield
One term that I will use very frequently is “Sustainable Prosperity.” The term exemplifies the ultimate goal of what our national policies should be seeking to attain.
I have read that there are 60,000,000 blogs on the internet. Assuming this is true, why create # 60,000,001? Because I believe that the Financial Crisis, and our future economic situation, has been discussed incompletely and/or inaccurately. In my opinion, there is a societal misunderstanding of the Financial Crisis, its potential risks, and probable outcomes. … Read moreInaugural post