Found this NYT article via The Big Picture:
Trouble at Fannie Mae and Freddie Mac Stirs Concern Abroad
This got my blood boiling. Here’s a particularly frustrating paragraph:
Also at stake is Americans’ future ability to gain access to credit. If foreign companies and governments abandon United States investments, home, auto and credit card loans will be [...]
Is it time to get angry yet?
How Much of Fannie/Freddie Paper is Held Overseas?
I think so! The model is broken. Let’s fix it.
Financial Armageddon points to the Reuters article:
Worried about inflation? Just wait
where he argues that deflation is the next big worry. I have to humbly disagree. Sort of.
I do agree that financial asset prices are due for a massive correction, but the economy is made of more than just financial assets. Financial assets will see deflation, [...]
A new Pew internet survey came out today showing that internet users in China have grown in numbers to the point they are second only to the US and will surpass the US in a few years.
China’s Online Population Explosion
The US economy is at risk for lots of reasons these days and one reason that [...]
