Friday, December 25, 2009

Merry Christmas!

To anyone who reads this blog, I just want to say THANK YOU! You must be just a little strange, like me, and thank God for that, or I would have no readers!

I hope this is not too disappointing, but I have had little writing inspiration this Christmas season. I have no idea why, sometimes it just rolls like that.

Anyway, Merry Christmas, and here is what I wrote last year, when I was feeling more inspired. I still believe it wholeheartedly:

http://econmom.blogspot.com/2008/12/what-does-christmas-mean-to-you.html

Thursday, December 24, 2009

Day Of Reckoning?

Is a day of reckoning coming for the S&P? If you read this blog at all you already know what I think.














Wednesday, December 23, 2009

Geitner Headed For A Fall

A man who has no respect for the economy, like a surfer who has no respect for the ocean, will drown in his arrogance.

Another meltdown is coming, like a tsunami, and there is nothing Geitner can do about it.

http://www.cnbc.com/id/34571036

The only thing he can do is help steer the government's response to it.

The government should have written down principal on mortgages when it had the chance 18 months ago.

http://www.cnbc.com/id/34571747

All of our money that went to the banks, should have gone to homeowners. If that had happened, the banks wouldn't have needed nearly as much anyway.

Monday, December 21, 2009

Stiglitz Sees Negative GDP Next Year

A respectable economists view of where GDP is headed next year:

http://www.cnbc.com/id/34507080