09-26-2008, 03:52 AM
Most analysis of how we came to this point from either the extreme right or the extreme left is way off the mark.
If you really want to know what happened (and what will happen), there are a few excellent books out there you can read. There are also some really great examples of what the kids call "blogs" that have been covering all this way more in-depth than the so-called MSM, what the youth call your daddy's media -- TV, radio, newspapers.
One book in particular is Charles Morris's "Trillion Dollar Meltdown."
It takes a fairly dispassionate look at the whole history of both financial markets and political movements and how the two intertwine. I read this book in a weekend. I found it so fascinating I couldn't put it down.
Other books I have not read, but you might want to check out include Bill Fleckenstein's "Greenspan's Bubbles" and Kevin Philips' "Bad Money."
Some of the blogs that do a good job of reporting on this include Calculated Risk, Seeking Alpha, the Big Picture, and Mish. CR is my favorite. There's a lot of attitude from the [anonymous] blogging duo (esp 'Tanta'), and the commenters are really well-informed and often very witty.
I also check in with Bloomberg daily and stay away from the other cable TV shills.
One person, particularly, has been on point throughout all of this mess, and that is Prof. Nouriel Roubini of NYU. Also, Peter Schiff, Robert Schiller, Paul Krugman and, yes, Ron Paul.
If you really want to know what happened (and what will happen), there are a few excellent books out there you can read. There are also some really great examples of what the kids call "blogs" that have been covering all this way more in-depth than the so-called MSM, what the youth call your daddy's media -- TV, radio, newspapers.
One book in particular is Charles Morris's "Trillion Dollar Meltdown."
It takes a fairly dispassionate look at the whole history of both financial markets and political movements and how the two intertwine. I read this book in a weekend. I found it so fascinating I couldn't put it down.
Other books I have not read, but you might want to check out include Bill Fleckenstein's "Greenspan's Bubbles" and Kevin Philips' "Bad Money."
Some of the blogs that do a good job of reporting on this include Calculated Risk, Seeking Alpha, the Big Picture, and Mish. CR is my favorite. There's a lot of attitude from the [anonymous] blogging duo (esp 'Tanta'), and the commenters are really well-informed and often very witty.
I also check in with Bloomberg daily and stay away from the other cable TV shills.
One person, particularly, has been on point throughout all of this mess, and that is Prof. Nouriel Roubini of NYU. Also, Peter Schiff, Robert Schiller, Paul Krugman and, yes, Ron Paul.