The Global Minotaur: A theory of the Global Crisis
The Minotaur’s Handmaidens Part B: The Wal-Mart business model and Wall Street’s toxic money
, 18/02/2011
In The Minotaur’s Handmaidens Part A, my last post, I looked at two important contributors to the Global Minotaur: to America’s astonishing pre-2008 capacity to attract financing from the capital surpluses of the rest of the world sufficient for the purposes of funding its expanding twin deficits. These two contributors were, on the one hand, the […]
The Minotaur's Handmaidens Part A: Mergers and take overs, Hedging and Leverage
, 16/02/2011
The last post presented the Global Minotaur as a peculiar, yet powerful, Global Surplus Recycling Mechanism (GSRM). Now, I move on to a discussion of the various submechanisms by which the US twin deficits managed to attract financing from the capital surpluses of the rest of the world so that this strange GSRM could operate […]
The Global Minotaur as a most peculiar Global Surplus Recycling Mechanism
, 15/02/2011
Continuing with the story of the Global Minotaur, today’s post looks at it as a most peculiar Global Surplus Recycling Mechanism .(to get up to speed on what this mechanism might be all about, click here) Following the collapse of the Global Plan in 1971, by the end of the 1970s America’s twin deficits had started […]
The Global Minotaur is finished…
, 01/02/2011
Regulars of this blog will know that 31st January 2011 was my deadline for finishing my new book, THE GLOBAL MINOTAUR: America, the True Oirigns of the Financial Crisis, and the Future of the World Economy. Well, I missed my deadline. By two hours and thirty six minutes! As deadline misses come, it was not […]
So, why did the Crash of 2008 happen? A first glimpse of the Global Minotaur
, 15/01/2011
Regular visitors will know that these days I am deeply immersed in the writing of a book about the Crash of 2008 and its after math. One that will bear the title THE GLOBAL MINOTAUR: America, the True Origins of the Financial Crisis and the Future of the World Economy. Well, I just finished a […]
Two New Initiatives for 2011: vitalspace.org and 'The Global Minotaur'
, 03/01/2011
This blog began life a few months ago in response to the European crisis and with a view to campaigning in favour of our Modest Proposal. The New Year comes with a renewed commitment to the Modest Proposal but also with two new initiatives. The first new initiative is called vitalspace.org; a joint project with […]