Friday, September 2, 2011

Sunday, August 28, 2011

The Mythology Of Economic 'Uncertainty'

Amplify’d from www.huffingtonpost.com
There is a fundamental misunderstanding about the Wall Street bailouts amongst the public, and quite a few policy makers at Treasury and the Federal Reserve: Somehow, they "fixed" the banking system. All it took was few trillion dollars in liquidity and a few $100 billion dollars in recapitalization, and all is now fine (I suspect some people at the Fed know the Truth).

In fact, they did nothing of the sort. The banking system was not saved; The massive injection of liquidity temporarily salved the day-to-day operations of banks, but they did not repair what ailed our financial institutions.

Read more at www.huffingtonpost.com
 

Big Banks: Under-Capitalized, Overexposed, Opaque

Amplify’d from www.ritholtz.com

The US banking sector is not healthy.

There is a fundamental misunderstanding about the Wall Street bailouts amongst the public, and quite a few policy makers at Treasury and the Federal Reserve: Somehow, they “fixed” the banking system. All it took was few trillion dollars in liquidity and a few $100 billion dollars in recapitalization, and all is now fine (I suspect some people at the Fed know the Truth).

Read more at www.ritholtz.com
 

The Two Great Stories of the World

Amplify’d from www.huffingtonpost.com

Humans inherit a "narrative intelligence" capable of grasping the great dramas of this world. It can be only found by awakening to an inner story trying to live through us. As the world around us becomes more uncertain and less predictable, the inner story may be the only place to turn for any hint of security. The word security shares roots with "secret" as well as "cure." The way to affect the great drama of this world is to discover and live the story secretly seeded within one's soul.

Read more at www.huffingtonpost.com