How Credit Works
How Credit Works
The present financial crisis boils down to one fundamental issue â€Â" the credit crunch, now gone worldwide. The short explanation of how we got here, is that credit is an easy system to understand and use, yet one where plans are far too often short-sighted. One entity provides a good or service to ...
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An Assassin's Lessons About the Financial Crisis
An Assassin's Lessons About the Financial Crisis
An Assassin's Lessons About the Financial Crisis by Stuart Archer Cohen A friend of mine spent many years in the security business doing contract work for the CIA, some of which involved killing people. My friend had a long history in the hard side of human interactions, much of it in the murky mora...
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New Hope for Financial Economics: Interview with Bill Janeway
New Hope for Financial Economics: Interview with Bill Janeway
“NOTHING the Government does will work until they get rid of these nightmares. Letting credit default swaps (”CDS”) redefine insolvency as failure to post collateral means systemically critical counterparties such as Lehman Brothers or Bear are certain to fail once they wobble and,...
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Tags: Economy, AIG, GS, credit, Markets, WB, Federal Reserve, LW, BERK, BP Cafe
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A Detroit bailout: good? or bad?
A Detroit bailout: good? or bad?
Jonathan Cohn has some thoughts. His article begins: General Motors has come to Washington, begging for a $25 billion bailout to keep it and its ailing Detroit counterparts going next year. But nobody seems too thrilled about the prospect. Liberals dwell on the companies’ gas-guzzling sport-ut...
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Tags: Daily life, Government, Business
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How To Raise Money For Your Business During the Economic Crisis
How To Raise Money For Your Business During the Economic Crisis
Over the past few weeks a lot of people have asked me how the current economic crisis will affect the advertising market and emerging media like digital signage. Since I'm neither an economist nor a finance guy, I'm not particularly tuned in to the effects of macroeconomic conditions on our little n...
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Tags: How To Raise Money For Your Business During the Economic Crisis
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