Ten Ways We Can Fix The Country Right Now
Yes, we all disagree. But let's focus on where we can agree in this Top Ten.
By Jim Boswell, author of Crush Depth Alert
The United States is not Japan. It never was and never will be, so let’s quit… Continue reading
Exclusive Interview with Jim Boswell of Quanta Analytics
Ryan: Today SwiftEconomics is interviewing Jim Boswell, the Executive Director of Quanta Analytics. Over the last six months it has been my great fortune to have been able to carry on an ongoing dialogue with Jim regarding his view of… Continue reading
Why You Cannot Keep the Banks Down–a Five Year Perspective
By Jim Boswell, author of Crush Depth Alert
Earlier this week I reported on SwiftEconomics.com how the bank trend in delinquencies (nonperforming assets) had peaked and over the next 2-3 three years are likely to return to pre-recession levels. Today,… Continue reading
Good News from the Latest FDIC Bank Reports
Have loan delinquencies peaked?
By Jim Boswell, author of Crush Depth Alert
Yesterday (Tuesday) the Federal Deposit Insurance Corporation (FDIC) made public the bank-reported financial information for the second quarter 2010, and if you did not hear the good news… Continue reading
History is Not Bunk Unless Someone Important Wants It to Be
By Jim Boswell, author of Crush Depth Alert
Late in the fall of 1988 the accounting firm, Coopers & Lybrand (C&L), won a competitive award to construct a computer system that collected the monthly security and loan information relating to… Continue reading
America: It’s Time To Stand Up And Scream “We Want New Leadership”
By Jim Boswell, author of Crush Depth Alert
Where is Howard Beale when we need him? Two years into the Greatest Recession Since the Great Depression (GRSGD) and our financial leaders are still telling us that we need to be… Continue reading
State Death Match: Texas vs. California
Throughout much of our nation’s history, US federalism has moved toward centralizing power within the federal government. Since the post-bailout hysteria and most recent public sector expansion, the issue of states’ rights has had a renaissance. Some Americans… Continue reading
Open Letter on Financial Reform
By Jim Boswell, author of Crush Depth Alert
A few days ago a friend of mine asked me what I would say in an open letter to a group of Independents if they asked me what I thought of the… Continue reading
Swift Wits: Greenspan Claims he was Right ’70% of the Time’
Former Federal Reserve Chairman Alan Greenspan testified Wednesday before the Financial Crisis Inquiry Commission in Washington. While sticking to his guns that low interest rates he oversaw was not a cause of the real estate bubble, he also estimated that his decisions were correct "70% of the time". Continue reading
A Second Mortgage Meltdown?
As bad as all that sounds, it ignores the dire situation we are facing in a very familiar setting; the housing market. Contrary to popular wisdom, the ‘toxic assets’ have not been cleaned out. It is very likely we are heading for a second mortgage meltdown. Continue reading
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