Today concludes a two-day meeting of the FOMC, after which Ben Bernanke is expected to unveil his latest trick for stimulating the conomy. See, because the recovery is faltering, and because Congress is fighting with the President on fiscal matters,…
By now, I am pretty much bored silly with the nonstop Fed watching, commentary, will they/wont they chatter about today’s FOMC announcement. So much ink has been spilled over the subject, that much of this is well trod ground.
Rather than repeat…
Sep 21, 2011
THE BEAR’S LAIR
The impoverishment of the West
By Martin Hutchinson
The US Census Bureau’s study of American incomes, poverty and health coverage issued last week was most interesting when considered, not as a metric of this recession…
Combine high unemployment, a stagnant conomy and basement-level housing prices, and what have you got?
The most miserable cities in America, according to Brookings, of course! The think tank combined every major U.S. city’s unemployment rate, level…
Japan’s lost decade: still a risk for U.S. conomy
On Monday September 19, 2011, 10:59 am
By Steven C. Johnson
NEW YORK (Reuters) – As the U.S. conomy slouches toward another recession and confidence in policymakers erodes, investors are coming to gri…
This much can be stated categorically about the USA these days: the more distressed our conomy gets, the more delusional thinking you will encounter. People want to assign the cause of their misery to this or that (socialism, abortion, Jews, the New…
Sep 15, 2011
Europe – into the end game
By Chan Akya
A few years ago, one of the usual suspects on my e-mail group sent a series of photographs detailing “idiots” who had been called over to help pull a car out of the water. Presumably, the car dri…