by Step-Up Finance (Business) | May 18, 2010 | Blog, Business, Economy, Finance, Financial Markets, Miscellaneous, Uncategorized
The mechanism for improving The System works too slowly. " Every time attempts are made to finally patch-up one problem, cracks appear elsewhere" we’d quoted before when we mused on Moral Hazard over a year ago. It’s a bit like wearing full American football kit twice-over and then thinking it’s OK to go out and feel [...]
by Step-Up Finance (Business) | Jun 1, 2009 | Blog, Business, Economy, Finance, Financial Markets, Great Depression / Crash, Market Update, Miscellaneous, News, Newsletter, Uncategorized
Life on Earth climbs out of the Swamp.... “Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate. Purge the rottenness out of the system....” This was the advice given by Hoover’s Treasury Secretary, Mellon, during the Great Depression. “ High costs of living and high living will come down. People will work harder, live [...]
