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Sanity Zone 12-6-2012 Fear of Flying

Posted 12-07-2012 at 07:45 AM by xan
Updated 12-15-2012 at 12:30 PM by Halo (added to categories: Business, News, U.S. National, Politics)

No, this is not a commentary on Erica Jong or 50 Shades of Grey. Brace yourselves: this is a commentary on the fiscal cliff. Such a surprise, right?

Anyway...I'll get to the point. Jump.

Take a running start and spread eagle into the "unknown." Our fiscal finances need to be drastically restructured (compared to now) and the only way to do it is to rip the bandaid off. So let's do it. Here's why:

#1 We have $16 Trillion in current...
xan
Professor Crab and
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Sanity Zone 10-25-2011 Bangulation Denied!

Posted 10-26-2011 at 01:20 PM by xan

I have been having a running debate with one of my investment bank friends (call him Mike) about how to stimulate the economy. His essential premise is that below-water mortgages (where the value of the home is less than the outstanding mortgage) are causing banks to freeze lendable assets in anticipation of being forced to write down potential bad loans in the inevitable event of a homeowners default. If the government “covers” the portion of the account underwater and allows the bank to remark...
xan
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Sanity Zone 8-1-2011 << Stupid is as Stupid does >>

Posted 07-31-2011 at 12:49 PM by xan

Hi Everyone.

I thought it somewhat necessary for my intellectual health to write at least something on the foolishness surrounding the so-called "Debt Crisis." I hope you all remember that I have no dog in this hunt, save that I am partial to eating and sleeping safely in my home, working for a wage, and not being persecuted for my beliefs.

For all those who wonder whether it would be catastrophic to allow the US to default on its obligations, the answer is yes....
xan
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Sanity Zone 10-28-2010

Posted 10-28-2010 at 02:54 PM by xan

After watching a bit of propaganda from both political extremes, it occurred to me that people may not know what kind of economic policy options that are available to our leaders. Believe it or not, it’s pretty easy to draw up and easy to understand.

I realize that there is a lot of anger in some people’s attitude toward our government, and it is rightly deserved. Our leaders have screwed up. However, policy options and their effects on the economy and jobs don’t change when there’s...
xan
Professor Crab and
Site Donor 2014
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