Category: Decade

The biggest invisible stories of the decade: Part 7, effects not yet visible

13 January, 2010 (11:59) | Capital markets, Decade, Essential posts, Global news, Innovations, Regulation, Theory, US News |

By: David A. Smith    [Continued from yesterday’s Part 6 and the preceding and Part 1,  Part 2, Part 3, Part 4, and Part 5]   As 2009 opened, virtually the entire credit-crunch tidal wave had sloshed through the financial markets.    At least we’re still here   Single-family home prices appeared to be bottoming, […]

The biggest invisible stories of the decade: Part 6, rule changes with the game in progress

12 January, 2010 (11:17) | Capital markets, Decade, Essential posts, Global news, Innovations, Regulation, Theory, US News |

By: David A. Smith   [Continued from yesterday’s Part 5 and the preceding and Part 1,  Part 2, Part 3, and Part 4]   During 2007 and 2008, what we thought merely a sector-restricted problem became a full-blown crisis.   That water costs money, you know   This is a major, seven-part post, best read […]

The biggest invisible stories of the decade: Part 5, the wrong zags

11 January, 2010 (13:36) | Capital markets, Decade, Essential posts, Global news, Innovations, Regulation, Theory, US News |

By: David A. Smith   [Continued from yesterday’s Part 4, and the preceding Part 1, Part 2, and Part 3.]   By 2006, asset slides had crested and were slowly sliding.  It was time for the world to zig.   This is a major, seven-part post, best read in order.   If you’ve just arrived, […]

The biggest invisible stories of the decade: Part 4, the 2006 crest

8 January, 2010 (11:46) | Capital markets, Decade, Essential posts, Global news, Innovations, Regulation, Theory, US News |

By: David A. Smith   [Continued from yesterday’s Part 3, and the preceding Part 1 and Part 2.]   Halfway through the decade, the world as a whole was experiencing perhaps the greatest runup in aggregate global asset prices ever seen; though the situation appeared to be cresting, no one foresaw imminent collapse.   This […]

The biggest invisible stories of the decade: Part 3, tangles in the financial web

7 January, 2010 (12:34) | Capital markets, Decade, Essential posts, Global news, Innovations, Regulation, Theory, US News |

By: David A. Smith   [Continued from yesterday’s Part 2 and the preceding Part 1.]   By 2002, as we’ve seen in the two preceding parts, expansionary pressures on global capital were bringing forces into alignment with means, motive, and opportunity to push asset prices up.    This is a major, seven-part post, best read […]