Long Live the US Car Industry. It’s Dead.

29 March 2009

I want to start by saying I have nothing but empathy for the workers who are now paying for bad management in Detroit, no matter the company.Â
The U.S. car industry ought to be the core of our manufacturing base.  Instead, it has been so poorly managed, under a culture of complete entitlement, that it has [...]

The Big Mistakes They Still Don’t See

29 December 2008

Imagine this: SNS members now know that the real causes of the current economic crash, on a global dimension, came from the Japanese carry trade and huge petrodollar increases inflating the global liquidity bubble until it was unstable.
Amazing that Fortune magazine would put a cover up claiming that a) the sub-prime mess was the whole [...]

And Now for the Winners —

1 December 2008

While everyone is watching GDP figures to understand who the winners and losers are in the global economic crisis, one could also pick a different ruleset, if one sensed there were a different game on altogether.
Currencies, for instance.
Here is a quick quiz:
Q: How many world currencies fell against the dollar since the crisis began?
A: All [...]