The problem with police officers and firefighters isn’t a public-sector problem; it isn’t a problem with government; it’s a problem with the entire society. It’s what happened on Wall Street in the run-up to the subprime crisis. It’s a problem of people taking what they can, just because they can, without regard to the larger social consequences.
Tag: meltdown
Weekly Economic Update | LAEDC
THIS WEEK’S HEADLINES:
- Leading Economic Indicator Report for August
- California Home Sales & Prices in August
- California New Home Construction Up in August
- Nonresidential Construction Up 13.6% in August
- The U.S. Current Account Deficit Decreased Slightly in Q2
- Travel & Tourism Spending On the Rise
- Events of Interest
- September 29, 2011: Los Angeles NABE Luncheon with Dr. Marcy Zwelling, Economist and Healthcare Professional
- SAVE THE DATE! November 3, 2011: The 16th Annual Eddy Awards®
- November 10, 2011: 23rd Annual Southern California Visitor Industry Outlook Conference
Euro Tarp – Why It Will Be A Screaming Failure | ZeroHedge
9x times a problem doesn’t make the problem smaller does it? What could possibly go wrong?
GEEK ALERT: Some technical stuff. Really scary technical stuff. -Ed
‘Governments Don’t Rule The World, Goldman Sachs Rules The World’ | BBC
“This is not a time right now for wishful thinking that governments are going to sort things out,” Rastani said on an interview with BBC on Monday morning. “The governments don’t rule the world, Goldman Sachs rules the world.”
At first blush I thought, ‘At long last, the truth’ but it turns out that the BBC was likely punked. -sigh- -Ed.
It’s A Long, Hard Road | ZeroHedge
“We’re Here To Help”…Again, we simply cannot overemphasize the importance of getting the big picture macro model right as we make investment decisions ahead. Our primary goal is simply to stay in harmony with directional changes in financial asset and hard asset prices ahead, not necessarily making continual value judgments about policy.
Weekly Economic Update | LADEC
THIS WEEK’S HEADLINES:
- California’s Budget Position in August
- Consumer Credit in July
- U.S. Trade Deficit Narrows in July
- Events of Interest
- September 29, 2011: Los Angeles NABE Luncheon with Dr. Marcy Zwelling, Economist and Healthcare Professional
- SAVE THE DATE! November 3, 2011: The 16th Annual Eddy Awards®
- November 10, 2011: 23rd Annual Southern California Visitor Industry Outlook Conference
Endgame: When Debt Is Fraud, Debt Forgiveness Is The Last And Only Remedy | ZeroHedge
Productive wealth has been trapped in a web of parasitic theft, counterfeiting, liability evasion, non-regulation, and prosecutorial non-accountability. All the fundamental attributes of a functioning exchange economy have been warped to reward creative criminals.
Weekly Economic Update | LAEDC
THIS WEEK’S HEADLINES:
- Corporate Profits Up Again in Second Quarter 2011
- California Home Sales Up in July
- California New Home Construction Declines in July
- Nonresidential Construction – Up 12.8% in July
- Airport Figures
- Bank Profits: In the Black Again!
- First Drop in Number of Problem U.S. Banks Since 2006
- Global Economic Monitor
- Events of Interest
- August 31, 2011: Global Economic Insights: The Financial Impact of the Great East Japan Earthquake and the Debt-Laden U.S. and European Economies
- September 29, 2011: Los Angeles NABE Luncheon with Dr. Marcy Zwelling, Economist and Healthcare Professional
- SAVE THE DATE! November 3, 2011: The 16th Annual Eddy Awards®
- November 10, 2011: 23rd Annual Southern California Visitor Industry Outlook Conference
It’s Time to Purge the Word Entrepreneur | Duct Tape Marketing
I believe there are really only two kinds of small businesses – healthy ones and unhealthy ones.
Lords of the shadow inventory | Dr. Housing Bubble Blog
Yet the market we currently have is really a large benefit to investment banks and the government with a smaller impact on the rest of Americans. At this point the banks and government are largely fused into one. The typical American is simply squeezed in the middle.
Dispatches From The Front 