Link to Federal Reserve Speeches

Here's the link to past Fed Reserve speeches.

Don't fight the Fed, as they say. The speeches tell you what the Fed is going to do and their thought process. Right or wrong, they make the market, so listen.

Looting: The Economic Underworld of Bankruptcy for Fun and Profit

"Looting: The Economic Underworld of Bankruptcy for Fun and Profit" is a classic article that critiques traditional behavioral models of economics. 

If you're a bank or savings-and-loan, get your deposits insured, gamble the deposits in an unsustainable boom and bust cycle, take the profits, declare bankruptcy, wipe out the deposits, and make the Federal government pay for the lost deposits.

Inspired by the late eighties savings-and-loan debacle and real estate boom and bust cycle in Texas, and perhaps a sign of things to come.