Broad Oak Magazine

The above chart from here (htp: Global Perspectives ) is another of those attempts to perceive underlying order in the apparently random mo...

I like Norman Tebbit; he is his own man. And he has the courtesy to respond to commenters on his blog, however deranged they may be. Perhaps...

Charles Hugh Smith points out that in some areas , property values have already dropped by over 70% from their heady 2006 peak.

I listend to Radio 4's Any Questions? last Saturday and a question about bankers' bonuses reared its lovely head. And then the pund...

Warren Pollock points out that the real danger lies, not in Dubai possibly deciding to default on its sovereign debt, but in the credit defa...

Don't know why, but this made me smile: If you're feeling a little down today, and looking for something to be thankful for, be tha...

As in "Alien", no-one knows where it's going to come from, but there's a bad feeling around: 1. ... it's easy to see t...

Nine elderly ladies , one of them 106 years old, are to be moved out of their care home in Wolverhampton, even though there's plenty of ...

It's reported in the Press that UK national debt will reach c. £1 trillion by the end of the year, and when the Office of National Stati...

Two (among others) good links from Credit Writedowns : "On April 17, 2007, famed short-seller Jim Chanos and other hedge fund managers ...

... in my view, the big crisis is ahead of us. It may come in 4 or 5 years' time, maybe only in 10 years' time, but the total breakd...

A couple of days ago I said that US debt default would splat the US far worse than its trading partners; of course, I missed the point. The ...

Interesting observation by Steve Keen : unemployment correlates closely with the amount that debt contributes to demand in the economy. Let ...

"... the Eurozone, the UK, Japan, and essentially every county on the planet is all attempting some sort of stimulus plan or other. Thi...

... Americans will thus pay for the TARP and low interest rate subsidies to their financial rulers with erosion in the purchasing power of t...

...the US has a finance and policy elite defined by college ties and related social connections, an elite with a strong sense that only peop...

" Almost one-third of all U.S. households have no mortgage. If you adjust for that, the 70-80 percent debt-to-equity ratio suddenly bec...

It's getting to the point where things go worryingly quiet. First we had a speculative and debt-fuelled stock market bubble; then ditto ...

The Contrarian Investor suggests that the next market destabilizing factor is the need for minor European nations to refinance.