links for 2011-08-26
How Chase Ruined Lives of People Who Paid Off Their Mortgages « naked capitalism
(tags: banks mortgages)
Why is the Fed Hesitant to Do More for the Economy?…
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Roubini: No QE3 announcement at Jackson Hole but QE3 will happen
Nouriel Roubini spoke to CNBC today about the Speech that Federal Reserve Chairman Ben Bernanke will deliver tomorrow. Roubini does not expect Bernanke to announce QE3 in this speech. However, he does expect QE3 at some point in the future…
Roach on the Zombie American Consumer and Debt Forgiveness
I doubt we are going to see wide scale debt forgiveness until defaults and debt deflation have taken center stage. But this is something to consider as it was an approach used during the Great Depression.
links for 2011-08-25
Bernanke must not push QE3 at Jackson Hole - FT.com
(tags: pimco federal-reserve ben-bernanke quantitative-easing monetary-policy)
FT Alphaville » An…
Scoble: Problems at Twitter and Facebook give Google+ opening
Influential tech blogger Robert Scoble talked to Bloomberg earlier in the week about the social media scene. The main message I took away is that he believes Google+ is a successful product for Google which could spell trouble for Facebook…
Hoover’s Great Moderation
Little did Hoover know that it was jut the opposite – poverty would skyrocket as the Great Depression hit America with full force.
links for 2011-08-24
Fall in German business confidence stokes recession fears | Business | guardian.co.uk
(tags: germany business-confidence)
ROUBINI: Gold Is In A Hyperbolic…
France: wealthiest ask government for special tax on the super-rich
This is a temporary tax proposal to demonstrate solidarity in tough times. It reminds me of the solidarity tax Germans paid to deal with their reunification.
Jobs and deficit crisis will lead to double dip and more downgrades
Former Fed nominee and Nobel Laureate Peter Diamond spoke to Bloomberg News about how he sees the economic difficulties the United States faces. His view is that America faces a jobs crisis in the here and now and that deficit reduction is…