Tag Archives: collapse
Warning Signs of a Financial Vesuvius
The Day Mount Vesuvius Blew “Injustice, swift, erect, and unconfin’d, Sweeps the wide earth, and tramples o’er mankind” – Homer, The Iliad Everything was just the way it was supposed to be in Pompeii on August 24, 79 A.D. The … Continue reading
A Telling Sign of Things to Come
The Labor Department reported last Friday that 103,000 jobs were added in September. Considering the lethargic state of the economy, this number could have been much worse. Nonetheless, a quick scratch below the surface reveals the headline jobs number wasn’t … Continue reading
China’s Return to Normal
The stock market watches Europe with intent hesitation. Up one day. Down the next. One day Europe’s on the verge of financial meltdown and stocks are in the cellar. The next day rumors of a big bailout have markets floating … Continue reading
Magnifying a Magnificent Debt Bubble
Last week it was discovered that, Kweku Adoboli, a 31-year-old equities trader for the Swiss bank UBS, had gone rogue. In a remarkable misadventure he managed to blow $2 billion of other people’s money at his employer’s expense. Apparently, UBS … Continue reading
