Wednesday, September 21, 2011

@AllAmerInvest Apple, Fake It, Gisele, 2007 Bust, Bernanke, Perry


2007 Bust: How Could They Not Have Known?

We are still living in the wake of the great 21st century bubble. That is the dominant economic and financial fact of 2011, which applies both to the American housing and mortgage debt, and to the European sovereign debt, crises. As the massive losses keep coming, there is a lot of negotiating, suing, whining and politicking among contentious parties over who will take which losses.

Among the many losses imposed by the bubble is a well-deserved loss of credibility on the part of central bankers and economists. "Policy makers around the world didn't see the global financial crisis coming," columnist David Wessel said recently. "My own profession, economics, has not distinguished itself in recent decades," Henry Kaufman sadly wrote.

Observers at the peak of the housing bubble could count zero U.S. bank failures in 2005 and 2006, and as late as the second quarter of 2007, it seemed that bank profitability and capital were high and that the world had plenty, probably a surplus, of liquidity. Indeed, as British banking expert Charles Goodhart pointedly describes it:
http://bit.ly/qJiDBT


All American Investor

Bernanke Has Few Tools to Heal Economy Amid Weak Housing
http://bloom.bg/nyzKs7

Next Apple (AAPL) Media Event Is October 4th, To Star Tim Cook And The iPhone 5
http://tcrn.ch/qipvKJ

Gisele Bundchen Pulled Over For Speeding, Let Off With Verbal Warning
http://read.bi/nK267n


Fake it 'till you make it? Confidence may matter more than ability
http://on.msnbc.com/mOIQqA

Effective Federal Tax Rates by Filing Status and Demographics, Under Current Law, by Cash Income Percentile, 2012
http://bit.ly/pZuqT7

Stopping the Perry Steamroller
http://bit.ly/oRYdDO

Findings Show Astronauts Likely To Go Blind On A Trip To Mars
http://read.bi/novn2I

How 10 Commodity ETFs Have Performed Since QE1 - Expect Similar Results If Bernanke Devalues USD Again
http://bit.ly/oVbs0J

The Republicans’ Latest Ploy to Keep the Economy Lousy through Election Day
http://bit.ly/pyEOol


Gisele Bundchen

 


Original content Bob DeMarco, All American Investor