subprime mortgages

Frozen In Time, The Wrong S-Curve

By |2018-11-05T17:26:29+00:00November 5th, 2018|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

As usual, Paul Krugman starts out with a serious attempt at answers before detouring into his current profession. Dr. Krugman used to be an Economist, and a pretty good one too (for whatever that’s worth). Nowadays, he employs his New York Times column as a mouthpiece for really blatant politicking. It isn’t even so much [...]

BOND ROUT!!!! (Now With Additional Exclamations)

By |2018-03-12T17:50:13+00:00March 12th, 2018|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Ten years ago today, one of Carlyle Group’s mortgage funds, Carlyle Capital Corp (CCC), was seized by creditors. Precipitated by dwindling liquidity, the fund’s effective insolvency would amplify those global “dollar” pressures and lead to Bear Stearns’ untimely demise mere days later. The fund’s corporate parent issued a statement on March 6, 2008, that read: [...]

It Starts: Junk Bonds ‘Contained’

By |2016-02-01T18:31:02+00:00February 1st, 2016|Currencies, Economy, Federal Reserve/Monetary Policy, Markets, Stocks|

To an economist, the economy can bear no recession. In times of heavy central bank activity, an economy can never be in recession. Those appear to be the only dynamic factors that drive economic interpretation in the mainstream. And they become circular in the trap of just these kinds of circumstances – the economy looks [...]