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The Morality of Loan Payments at Creditor.net

http://www.creditor.net/the-morality-of-loan-payments

A dollar saved is 97 cents earned*. The Morality of Loan Payments. As far back as 2004 the F.B.I warned of an epidemic of mortgage fraud. And yet boosters were promoting the real estate industry through 2008 with rosy predictions that proved false. Some of those same boosters (who want you to believe you are immoral if you default on a loan) have decided to walk away from their homes. Based on their own actions they have zero moral authority over your actions. This William K. Black.

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The Media’s Fly-like Memory at Creditor.net

http://www.creditor.net/the-medias-fly-like-memory

A dollar saved is 97 cents earned*. The Media’s Fly-like Memory. Great quote from Eric at iTulip. Ten years from now, when the full impact of the U.S. asset bubbles of 1998 to 2008 are fully felt, the dot com era, when money flowed like oil from a geyser, before the wars and financial crisis, will be remembered as the good old says, the high water mark for American power and influence. As if the latest crisis fell out of the sky, from the clouds. Nobody saw this coming*. June 19th, 2010 at 4:53 am.

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Hard Money vs Fiat Currency at Creditor.net

http://www.creditor.net/hard-money-vs-fiat-currency

A dollar saved is 97 cents earned*. Hard Money vs Fiat Currency. Why hard money is not as good in application as it is in theory:. The result is a punishing swing between severe bouts of inflation and deflation; this is unacceptable. Yet our currency still has a significant bias to it…. Yet the history of our fiat money regime as practiced to date, while perhaps “better” in terms of violence, certainly isn’t in terms of bias, which is clearly inflationary, all the time. Why? As Milton Freedman said. ...

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The Nuclear Option at Creditor.net

http://www.creditor.net/the-nuclear-option

A dollar saved is 97 cents earned*. Michael Pettis has a killer post on why China won’t use the nuclear option. 038; what the near term future likely holds. July 31st, 2010 at 3:30 pm. Laquo; The Media’s Fly-like Memory. Giving Credit Where it is Due. Mail (will not be published) (required). Investing in Chinese Stocks. The Journalist template by Lucian E. Marin. Mdash; Built for WordPress.

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The Joys of Protectionism + Inflate or Die at Creditor.net

http://www.creditor.net/the-joys-of-protectionism

A dollar saved is 97 cents earned*. The Joys of Protectionism Inflate or Die. Recently Mexico said they will be launching tariffs. Some products from the US because the United States canceled a program that allowed Mexican trucks to transfer goods throughout the US. Mexico said the tariffs were in retaliation for the cancellation of a pilot program allowing Mexican trucks to transport cargo throughout the U.S. The US against printing too much currency. But the US federal government deficit could easi...

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Giving Credit Where it is Due at Creditor.net

http://www.creditor.net/giving-credit-where-it-is-due

A dollar saved is 97 cents earned*. Giving Credit Where it is Due. It sorta seems like the US is backed into a bit of a corner. At least temporarily. A big part of the reason I have considered moving is just the general uncertainty. It is pretty clear that the trend is going to be a lower standard of living across the board. The question is how will people react to it? The big issue is that those who committed the crimes which have caused the instability have not been punished, but rather rewarded. There...

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2009 October at Creditor.net

http://www.creditor.net/2009/10

A dollar saved is 97 cents earned*. Archive for October, 2009. Hard Money vs Fiat Currency. Why hard money is not as good in application as it is in theory:. The result is a punishing swing between severe bouts of inflation and deflation; this is unacceptable. Yet our currency still has a significant bias to it…. Simple: Given the proclivity of “choice” the monetary authorities will always choose to try to paper over their friend’s mistakes! This requires inflation, not deflation. As Milton Freedman said...

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Debt is Accounting, Not Reality at Creditor.net

http://www.creditor.net/debt-is-accounting-not-reality

A dollar saved is 97 cents earned*. Debt is Accounting, Not Reality. A great downloadable PDF from Jeremy Grantham of GMO. Titled The Last Hurrah and Seven Lean Years. It is well worth a read, but here are a few great highlights from it. 8220;Debt is accounting, not reality. Real economies are much more resilient than they are given credit for.”. Attempts at economic stimulation tends to stimulate the stock market more than the economy because it trades off momentum & a multiplier effect.

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money at Creditor.net

http://www.creditor.net/c/money

A dollar saved is 97 cents earned*. Archive for the ‘money’ Category. Hard Money vs Fiat Currency. Why hard money is not as good in application as it is in theory:. The result is a punishing swing between severe bouts of inflation and deflation; this is unacceptable. Yet our currency still has a significant bias to it…. Simple: Given the proclivity of “choice” the monetary authorities will always choose to try to paper over their friend’s mistakes! This requires inflation, not deflation. As Milton Freedm...

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Bill Black on Modern Accounting Fraud at Creditor.net

http://www.creditor.net/bill-black-on-modern-accounting-fraud

A dollar saved is 97 cents earned*. Bill Black on Modern Accounting Fraud. Accounting fraud creates short term accounting profits followed by huge losses. At its peak 40% of mortgages in the United States were not prime! The average CFO in America lasts 3 years. If your rivals engage in accounting fraud and you do not then you last much less than that average…maybe a quarter or 2. Bad ethics drive good ethics out of the market. The GOP’s Misplaced Rage. August 17th, 2009 at 8:48 am.