Archive for financial crisis

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“The danger we are running now: to have a gilded age instead of a Golden Age”, Carlota Perez

10Years after the first Nasdaq crash of March 2000: a conversation with Professor Carlota Perez
“[The third surge] did not really have a Golden Age but only a gilded age. And this is the danger we are running now [in this fifth surge].”

The trillionaire question: do we risk a short “belle époque” in the next decade followed by another Great Depression in a generation or less?
Dear readers, let us know what you think.

A solução é a eutanásia da economia fictícia

O historiador económico Michael Hudson foi a Keynes repescar a ideia de que a solução é ir à raiz dos problemas, a economia de rendas, algo que o grande economista julgava transitório mas que se transformou num sistema que vive de uma pirâmide artificial que vale hoje 8 vezes a economia real mundial

The medicine suggested by Keynes: Euthanasia of the ‘rentier’ system

An interview with Michael Hudson about the financial and economic crisis: «Bankruptcy seems to be the indicated way to wipe it out. Governments are postponing this resolution by bailing out creditors – not debtors.»

The reverse oil shock

It’s temporary – but it’s a reverse oil shock. Peakists (analysts based on the peak oil model) were surprised with the swing – some of them continue completely bullish until the downtrend was sound evidence. From near $145 ($143.95, July 3) a barrel (Brent Spot price) just five months ago to $50 – the barrel got crazy. An interview with Rembrandt Koppelaar, editor of The Oil Drum

The strategic American dilemma – an interview with Peter Cohan

Uma entrevista com Peter Cohan sobre o balanço da crise financeira da última semana e meia. O analista refere que a Administração financeira americana e o banco central (Reserva Federal) estavam «prisioneiros» de duas opções – uma terrível (e ideologicamente dúbia para o sector político de onde provem e despesista do dinheiro dos contribuintes), e outra catastrófica, chutando o sistema financeiro e o mundo para o caos financeiro e a total instabilidade política. Uma entrevista em inglês. AVISO:entrevista longa, 4 páginas impressas