Category: financial crisis

January 31, 2009

Just the EARLY Stages of Financial Collapse

Hi folks, For those of you in the crowd who are MA in Economics, I’ll remind you that we’re just at the beginning of financial collapse.  Shoving your finger, gloves, basketballs, bumpers, old tires, bins full of clothes from Goodwill and even elephants won’t stop the damn from breaking. I know … it’s a little gloomy, but I don’t feel like I’m being alarmist AT […]

January 31, 2009

World Debt

I know I’m a little stale with posting comment on this article (I’m trying to catch up on a number of things, blogging being one of them), but I still wanted to post this for the community that follow Excited Delirium. I’m a visual person and I found this graphic (warning:  PDF) and summary of creditors and debtors to be the most compelling piece of […]

January 25, 2009

Why Corporate Tax Cuts (in Canada) Make No Sense

The January 27 budget is leaking faster than a flatulent elephant after eating a tonne of beans. More and more details come out every day, and yet the Conservatives don’t have the courage to present it in the House of Commons. That said, we’ve seen many trial balloons about several topics and the one that we’ll probably have confirmed at the last minute will be […]

January 18, 2009

Rex Murphy: Where to Spend?

Rex Murphy, host of the national CBC show called "Cross Country Checkup", is asking Canadians tonight where they should spend their money. You can all hang up.  I have the top 10 answers. Stop spending any more money on fossil fuels or things that burn fossil fuels.  It’s stupid. Understand that we have an opportunity to institute structural change:  invest in green and invest lots.  […]

January 15, 2009

Two “Laws” of Economics We Need to Break

OK … they’re not really laws, but they are justifications that the world of economists have used for decades to explain the woes of the world away. For those of you who haven’t taken a 101 course, here they are: Other things being equal ("ceteris paribus") There are no externalities We MUST recognize that these ‘rules’ can no longer be discarded. The first rule is […]