…Calmly observing the changing world

By now, everyone has figured out just how bad things are – or have they? Since we can’t know how bad things will get, it’s difficult to judge how bad things are right now, and at what point along the road we are, and where the road leads. Obama seems to have it all figured [...]

If troubles in Iceland reveal our civilization fraying a bit around the edges, the Greek uprisings do the same with a slightly more ominous overtone. While the Icelanders have kept their cool even while protesting their government, the Greeks are given to a little more passion. Today, Athens is no longer a pillar of our [...]

Often, people will flippantly claim that the federal government will just print up some money when they need it. No one really seems to know exactly how this works, but everyone is pretty sure that it is true. More importantly, everyone seems to reluctantly accept that this is somehow legal, and marginally acceptable. But what [...]

If you were going to guess which country would be the first to succumb to the financial collapse, you probably wouldn’t have come up with Iceland, even though the island nation has been battling a currency crisis since the Spring. After all, Iceland has no real national debt to speak of, and significant low cost [...]

As autumn gloom casts a pall over the nation, and frightened investors cling ever more tightly to their pumpkin spice lattes, life apparently continues on its steady course without regard to the looming clouds which threaten financial chaos. Main Street, though, has finally witnessed for itself a token sign of the credit crisis which began [...]