Ten years ago this week August 7, 2007, the world financial system began to fail.   Ten years ago  Banco National de Paris and BNP Paribas announced they were closing down three of their subprime investment funds because of a lack of liquidity.  They closed down because there were so many late-paying mortgages.   No one wanted[…]

  For my friend Sonya. We were alone She was one of the marked women. This particular day she let me in the house. We were alone. We were together. It was the first time. Usually we were with other people. The boys, Gail or Norman would always be around. But not today was different.  Her[…]

Oil Politics and the Stock Market Experts telling: This is bad for us? by Douglas StahlUsers Have you noticed something strange in the Stock Market at the end of last year and so far this year?  As the  price of West Texas Crude Dropped below $50 dollars per barrel  the stock market took a real[…]