Manufacturers have become so good at making millions of highly reliable vehicles that the world is awash in them. And this was true before the recent financial melt down, and is still before China begins producing and exporting decent vehicles… Continue Reading →
Who knew that Icelandic banks were doing the same kind of investing in mortgage backed derivatives as U.S. banks, and that U.K. consumers banked at Icelandic banks, and U.K. local governments invested in Icelandic bank investments. And who knew that… Continue Reading →
The current financial crisis has been a long time coming. The country is now reaping the results of decades of effort to evade economic cause and effect. Some government debt is understandable and often desirable as a means to accomplish… Continue Reading →
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