As an options and currency trader, I’m had to learn a little about economics over the years, and in fact, the study of money, how it works and why, has been a consummate passion since I was a kid. To be a successful trader, its imperative you understand some basic things about economics, so for what its worth, here is my take on the financial crisis, how we got here, and a few ideas for a solution.
When Regan got elected president in 1980, he immediately did three things that planted the seeds of destruction that has finally come home to haunt us. It was only a matter of time, because in all the years since, no administration has done anything to change the infrastructure of the banking system and how real estate financing and ownership is done in this country (more…)