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The Debt Time Bomb
The U.S. economy is still struggling. And the credit markets are still failing to function – mostly because the roots of the American financial system remain diseased. Thanks to the crisis-deferral tactics of... A sub-prime crisis, or something more?
Yet we talk of a globalised world, a global order and a global way of doing things. How silly we could get? Experience of the past decade or so point out to the fact that there is a distinct dichotomy in the approach to economics by the Asian countries on one hand and the... Where was Rick Santelli & CNBC?
Recently Rick Santelli ranted about Obama's plan to let people re-negotiate mortgages, if they only owned one house. Under the current bankruptcy law you can only re-negotiate your 2nd or 3rd house. Kaywood...
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