August 18, 2009
The Greenback Effect
We don’t want our country to evolve into the banana-republic economy described by Keynes. - Warren Buffett
Here's something I wrote last year.
April 22, 2008
What You Would Expect to See in a Developing Country
I guess that means we are a developing country now. If nothing else, we've got a banana republic trade deficit.
Keep in mind that this was written well before the stock market cratered. The DJIA closed that day at 12,720.23. I thought we were well on our way to becoming a banana republic then. Just imagine what I'm thinking now.
NY Fed Q1 Report: Household Debt and Delinquency Rates Increased
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From the NY Fed: Household Debt Rose by $184 Billion in Q1 2024;
Delinquency Transition Rates Increased Across All Debt Types
The Federal Reserve Bank of N...
2 hours ago
2 comments:
It's worse to become a no-banana republic.
dearieme,
Good point!
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