I think Buce has a very good point. There were many causes of the Global Financial Meltdown (GFM) in 2008 and it's siamese twin, The Great Worldwide Recession That Won't Recover (TGWRTWR). Some causes are superficial and others are more systemic. Certainly perverse incentives in the banking industry were among them. This is the stuff … Continue reading Incorporation as a Cause of the Global Meltdown?
From the Comrade Swan on the comments on Calculated Risk, who says it better and funnier than I possibly could: PICTURE the Black Knight scene from Monty Python & Holy Grail, but the script as follows below the fold: REALITY: You fight with the strength of many men, Sir BULL. I am Reality, King of … Continue reading So what do I think of the recent upswing in the stock market?