Browsing Category: Economic Crisis

Economic Crisis, Finance

A New Normal? Or Just More ‘New Era’ Thinking?

“Laissez-faire is dead…The all-powerful market that always knows best is dead.” (September 2008, Nicholas Sarkozy)This is not a recovery, this is an “emotional, social, and economic reset.” (November 6, 2008, Jeffrey Immelt)“…a nagging fear that America’s decline is inevitable…the next generation must lower…

By Bob Bruner-
Economic Crisis

A New Bubble? An Old Meme?

“A meme (pron.: /_’miːm/; meem) is “an idea, behavior, or style that spreads from person to person within a culture.”A meme acts as a unit for carrying cultural ideas, symbols, or practices that can be transmitted from one mind to another through writing, speech, gestures, rituals, or…

By Bob Bruner-
Economic Crisis

A New Bubble? What New Era?

Are the markets going mad? That is a question many investors might have asked in recent weeks, as stocks in the UK, eurozone and US have soared – even as bond spreads decline.* Gillian Tett, “Markets Insight: Phoney QE peace masks rising risk of instability” The public discussion of bubble…

By Bob Bruner-
Economic Crisis

A New Bubble?

“Recession-Plagued Nation Demands New Bubble to Invest In”- The Onion, July 14, 2008.’When I use a word,’ Humpty Dumpty said, in a rather scornful tone,’ it means just what I choose it to mean, neither more nor less.”The question is,’ said Alice, ‘whether you can make words…

By Bob Bruner-
Economic Crisis

A Quadrillion Dollars

A few days ago, I held in my hands a quadrillion dollars. Really, I did. They are ten 100 trillion notes in Zimbabwean dollars, purchased from a scripophily dealer in New Hampshire. I thought they would make good stocking-stuffers for this holiday season and would help to promote reflection…

By Bob Bruner-
Economic Crisis

The Reset Election

A meme that animates these mid-term elections is that we in America have begun an economic “reset,” a downward step-change in our welfare, future, and self-confidence. As the booms in the Internet businesses and in housing have taught us, we should always question “new era” thinking. For…

By Bob Bruner-
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