Monthly Archives: November 2011

Wealth of Nations poured away

In the first six months of this year the financial industry created an additional $107 trillion of derivatives – taking the global total to over $707 trillion. (Congratulations to ZeroHedge for spotting this.) Just think about that for a minute. … Continue reading

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Boiling frogs

Given that the mainstream media (MSM) follows it’s own agenda rather than serving public interest, many bloggers take it upon themselves to point out the under-reported but important news. Kudos today goes to The Independent for being alone amongst the … Continue reading

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Death of a species

The housing bubble has been central to the current crisis. A key factor in ramping up the massive and unsustainable mountain of debt was the shoveling of money into the housing market via 90% and 100% mortgages. This problem was … Continue reading

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Change blindness

There is a psychological phenomena called change blindness, in which our attention is so taken up with little things that we do not see major changes taking place right before our eyes. Take a look at two of Britain’s most … Continue reading

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