Obviously, Black Friday will be a failure.
Disposable household income is down. House values are down. Stock values are down. Net worth, at least by any honest measurement is down. Savings return no income, and have no prospect of doing so. Governmen…
Three metaphors describe Europe: drowning in debt, circular firing squad and trying to fool the money gods with an inept game of 3-card monte.
The world’s major economies are drowning in debt–Europe, the U.S., Japan, China. We all know the U.S. h…
Analysis: Japan’s politics offer sober economic policy lessons
On Thursday August 25, 2011, 7:21 am EDT
By Alan Wheatley, Global Economics Correspondent
LONDON (Reuters) – U.S. and euro zone governments drowning in debt should look no further than Ja…
Right now, we are witnessing a truly historic collapse of the economy, and yet most Americans do not understand what is going on. One of the biggest reasons why the American people do not understand what is happening to the economy is because our p…
