Tag Archives: capitalism

What “The 25 Most Expensive Homes” Reveal About the U.S. Economy

Posted on September 16, 2010 by Charles Hugh Smith

The glossy Mid-Pacific yuppie advert vehicle Honolulu Magazine recently ran a cover story (the September 2010 issue) of irresistible real-estate pornography titled “The 25 Most Expensive Homes in Hawaii” that unintentionally revealed the true nature of the U.S. economy.
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Posted in Banking and Finance, Best Of The Storm, Fresh Perspectives, Home Economics, Social Mood Swings | Tagged capitalism, hawaii | Leave a comment

THE AGE OF MAMMON

Posted on August 30, 2010 by James Quinn

Never have so few, done so little, and made so much, while screwing so many. Continue reading →

Posted in Banking and Finance, Best Of The Storm, Fresh Perspectives, Social Mood Swings | Tagged capitalism, GDP, Stock Market, The Great Depression | Leave a comment

Low Interest Rates and Easy Credit Are Catastrophes for Any Economy

Posted on January 22, 2010 by Charles Hugh Smith

The Federal Reserve insists that super-low interest rates and loose lending are the keys to renewed growth. Their analysis is fatally flawed; those are catastrophically destructive policies in any economy. One of the key analytic tools in the Survival+ critique … Continue reading →

Posted in Fresh Perspectives, Home Economics | Tagged Bernanke, capitalism, GDP, Interest Rates, Savings Rate, The Fed | 1 Comment

China and the U.S.: Dysfunctional Real Estate Bubble Twins

Posted on January 21, 2010 by Charles Hugh Smith

China and the U.S. share two central traits: a financial-command-economy and an addiction to cheap, easy money to prop up bubbles that serve the status quo. Continue reading →

Posted in Best Of The Storm, Fresh Perspectives | Tagged capitalism, China, Housing Bubble, Interest Rates, Stock Market, The Dollar | Leave a comment