In large part, financial derivatives caused the meltdown of the world financial system. Do you know what a derivative is? If you found a derivative on your doorstep, would you recognize it? Do you think your local banker knows what a derivative is well enough to describe it to you? Could your financial advisor educate [...]
Archive for October, 2009
Why do we need derivatives?
Posted in economy, investing, tagged bailout, derivatives, Goldman Sachs, investing, wall street on October 21, 2009 | Leave a Comment »
Is the War in Afghanistan Winnable?
Posted in foreign policy, politics, tagged Afghanistan, Iraq, Military, Pakistan, War on October 14, 2009 | Leave a Comment »
This is just an opinion of a person that has never been in the military and has no inside information, so it is anything but an expert opinion. It seems pretty clear that if we really, really, really wanted to win the war in Afghanistan, we might be able to pull it off, but what [...]
Is the Recession and the Financial Crisis Almost Over?
Posted in economy, government, health care, investing, politics, public policy, renewable energy on October 9, 2009 | Leave a Comment »
If you watch the nightly news or read the news on the web, it sounds like things are getting better. The stock market is up 40% over its low, the banks appear to be stable, job losses are tapering off, real estate sales are up 6% from the month before, and on and on – [...]
