Read Bernanke’s speeches during the housing bubble. He barely acknowledged that the red hot housing sector was red hot. The Fed chairman mentioned that housing prices were rising but that there would be a soft landing. Started reading a monograph by sociologists, Why the Federal Reserve Failed to See the Financial Criss of 2008: The Role of “Macroeconmics” as a Sense making and Cultural Frame. A mouthful of a title.
Archive for March 2nd, 2017
NY Teamsters Pension Becomes First To Run Out Of Money As Expert Warns “Pension Tsunami” Is Coming
02
Mar
“This is a quiet crisis, but it’s very real. There are currently 200 other plans on track for insolvency – that’s going to affect anywhere from 1.5 to 2 million people. The prognosis is bleak minus some new legislative help. Municipal and state plans are the next to go down – that’s a pension tsunami that’s coming.”
Source: NY Teamsters Pension Becomes First To Run Out Of Money As Expert Warns “Pension Tsunami” Is Coming
“Dear President Trump: If You Want To Cut Healthcare Costs & Stem The Opiate Death Spiral, Legalize Marijuana” | Zero Hedge
02
Mar
“Do the right thing and fully legalize marijuana. It’s time to move beyond addled fictions and deal with the ugly realities of a system that actively promotes “legal” opiate addiction and death while outlawing marijuana.”
Trump’s “Moderate” Defense Secretary Has Already Brought Us to the Brink of War
02
Mar
The war drums are beating louder and louder.
“Defense Secretary James Mattis may not be a bigot or a crank like so many other top Trump appointees, but he could prove to be far more lethal in the long run.”
Source: Trump’s “Moderate” Defense Secretary Has Already Brought Us to the Brink of War