This was first published as part of a separate post, but it should be it’s own post. There is a lot of talk about the “subprime mortgage crisis,” but there is not much talk about the underlying systemic reasons that led to the crisis. The main problem was that property values in the US were [...]
Archive for November, 2010
What’s Wrong with US Economy, and Why the Danger is not Over
Posted in Business, Investigation, Politics, west, tagged Financial Crisis, united states on November 7, 2010 | 1 Comment »
Egypt’s Finance Minister has no Clue about Financial Markets
Posted in Business, Politics, west on November 7, 2010 | Leave a Comment »
Just watch him spurt banalities about how financial markets are affecting everyone. He does not give me the impression that the understands what is going on. (The interview is towards the end, around 17 minutes mark, about 5 minutes long.)
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