On The Economic Populist you might have noticed the right column. We try to list other sites and blogs who have exceptional insight and writing on what is happening in the U.S. economy.

Sometimes though, one cannot say it better but miss those who did.

Must Read Post #1

Calculated Risk has a series of sovereign debt and default. In three parts:

• Part 1: How Large is the Outstanding Value of Sovereign Bonds?
   
• Part 2. How Often Have Sovereign Countries Defaulted in the Past?
   
• Part 2B: More on Historic Sovereign Default Research

Must Read Post #2

The rich are walking away from their mortgages much more than the middle class and poor. I guess a sense of duty, ethics and personal responsibility in today's world just doesn't pay.

Must Read Post #3

On The Economic Populist you might have noticed the right column. We try to list other sites and blogs who have exceptional insight and writing on what is happening in the U.S. economy.

Sometimes though, one cannot say it better but miss those who did.

Must Read Post #1

The New York Times analyzed the corporate tax code and found the oil industry is one of the most subsidized of them all.

According to the most recent study by the Congressional Budget Office, released in 2005, capital investments like oil field leases and drilling equipment are taxed at an effective rate of 9 percent, significantly lower than the overall rate of 25 percent for businesses in general and lower than virtually any other industry.

And for many small and midsize oil companies, the tax on capital investments is so low that it is more than eliminated by var-ious credits. These companies’ returns on those investments are often higher after taxes than before.

On The Economic Populist you might have noticed the right column. We try to list other sites and blogs who have exceptional insight and writing on what is happening in the U.S. economy.

Sometimes though, one cannot say it better but miss those who did.

Must Read Post #1

The New York Times has a great article on rip offs, scams and predators circling around the wounded gazelles as they run up their credit cards, out of money, in The New Poor: Peddling Relief, Firms Put Debtors in Deeper Hole. These creeps should not only be banned from operation, but should be tarred and feathered to boot.

Must Read Post #2

The Wall Street Journal investigated oil well construction and proved BP Relied on Cheaper Wells. Right, squeeze those costs and assume nothing bad will happen.

Must Read Post #3

The New York Times shows BP has a history of slashing costs, ignoring safety. While the spotlight is on BP, how many other corporations, do similar things from short term profits? From inane derivatives to security holes in software, squeezing the workers and costs is a never ending corporate mantra.

Must Read Post #4

On The Economic Populist you might have noticed the right column. We try to list other sites and blogs who have exceptional insight and writing on what is happening in the U.S. economy.

Sometimes though, one cannot say it better but miss those who did.

Must Read Post #1

Gretchen Morgenson notes Banks are dumping their worthless residential loans, including home equity loans, on taxpayers via Fannie Mac and Freddie Mae.

Taxpayers are the ones holding the bag when institutions try to avoid losses by refusing to buy back problem loans they have sold to Fannie Mae and Freddie Mac, the mortgage finance giants that are wards of the state.

Must Read Post #2

Angry Bear wryly comments on the G20 new momentum to reduce deficits is all about Market Concerns:

Finance ministers from the world’s leading economies ripped up their support for fiscal stimulus on Saturday, recognising that financial market concerns over sovereign debt had forced a much greater focus on deficit reduction.

Must Read Post #3

Paul Krugman bemoans the obviously coming Lost Decade, due to G20's focus on debt. Maybe the lost decade has more to do with bailing out mega banks and ignoring the U.S. middle class and real economy.