David Haas, Consultant Rotating Header Image

Posts under ‘Credit Crisis’

An Interesting China Analysis By Jim Chanos (and a little more by me…)

Here’s a recent interview with Jim Chanos on the critical state of the Chinese economic picture. Chanos typically makes his money short-selling overpriced markets and he’s “all over” China like stink on a pig; has been for well over a year. Chanos believes 2011 will be his big year to begin cashing in on his […]

The True Origins Of The Global Credit Crisis Explained

The financial talking-heads and, therefore, the general public tend to believe that “sub-prime mortgages” are almost entirely to blame for the global financial crisis. To me, this is ridiculous on its face and is more of a cruel joke – bordering on class-sanctioned bigotry – than anything even remotely related to fact. Depending upon how […]

The Corrosive Nature Of The Credit Default Swap (CDS)

Regular readers of my blog have seen me mention Karl Denninger and his work in previous posts and here is another of his articles that is definitely a MUST READ. Karl has an insightful mind and, in my opinion, is better-informed than most media-proclaimed “experts” in many areas of finance. For those of you who […]

The Alan Greenspan Legacy: A Global Financial Mushroom Cloud

Here’s a “big picture” article that may even be able to grab the attention of the countless Polyannas and ostriches of the world. Almost unbelievably, many of these types still seem to think that what we’re witnessing in the global economy somehow falls short of the scale of damage wrought by the Great Depression that […]

Credit Default Swaps: How Fleas Kill A Dog

I‘ve been on the lookout for an article with a concise description of the ongoing saga of the Credit Default Swaps (CDS) markets to pass along to readers and I have found a nice, simple one on the Guardian UK website. This article is written at a level any newbie can understand yet provides current […]

Commercial Real Estate Closing Shop?

As most of us who carefully follow the macro-economic picture know quite well – there is a certain logical “order” to things and that order has been accurately anticipated by some of us for a very long time. One of the things that’s been looming dark-and-large on the economic horizon is the impending and apparently […]

Business Law Refresher: Useful Legal Definitions Everyone Should Know

It’s time taxpayers begin thinking less in terms of excuses, justifications, rationalizations, and scapegoating for the current financial mess and more in terms of investigations, indictments, arrests, detentions, prosecutions, penalties, restitutions, “clawbacks”, and punitive-damages. Here in the U.S., RICO LAW comes quickly to mind. It’s way past the time to end the ineffectual scolding, finger-wagging, […]

Bankers On Notice: The Cake Eaters Are Stirring

Link To Thomas Jefferson’s Famous Banker Quotes It’s interesting to watch what happens as the spores and tentacles of “banker rot” penetrate ever-deeper into the worm-holes and capillaries of the socioeconomic strata. Anachronisms from a bygone-era, the “let them eat cake” attitudes that have persistently predominated the media-storm are increasingly muffled by a gathering mob […]

Credit Tsunami Wave II: 2009 – 2012 (and beyond?)

Surf’s up! But this is one wave you may want to sit out “high-and-dry”, far up on the hillside. Watch CBS Videos Online Important Notice To Viewers: Beware the obligatory mainstream media “market cheerleading” toward the end of this video. Otherwise, it’s just confirming what we in the blogosphere have been talking about for 18 […]

What These Dangerous Clowns Don’t Understand

I had the unnerving experience last night of staying up late watching C-Span as U.S. Senators hammered and then shot down the bailout bill for the Detroit “Big 3” (a misnomer?) automakers. I must admit, there was a great deal of heart-felt passion in the words of the representatives who were courageous enough to speak […]