BloombergMaking Banking Boring Is the Wrong Way to Make It SaferBloombergIf only banking were boring again, as it was from the end of World War II to about 1980, our financial system and economy would be in much better shape, goes the refrain ever sinc…
Ben Bernanke’s zero-interest rate policy (ZIRP) and command-economy efforts to maintain mispricing of risk, debt and assets are destroying capital and capitalism. No wonder his policies have failed so miserably.
To understand why Federal Reserve C…
And the United States might pull out of its present funk as it did in a sudden twice during the past century: in the first years of World War II, and during the first Ronald Reagan administration.
For the past two decades, the United States wasted th…
Chance of 2012 U.S. recession tops 50 percent: Fed paper
Reuters – 45 minutes ago.. .
(Reuters) – The European debt crisis is raising the odds of a U.S. recession, with economic contraction more likely than not by early 2012, according to research …
I know this might read as very woe-is-us, but these are the facts: Nearly 14 percent of college graduates from the classes of 2006 through 2010 can’t find full-time work, and overall just 55.3 percent of people ages 16 to 29 have jobs. That’s th…
With 10-year Treasuries sub 2%, and growth restagnating, more and more people are buying into the “US is Japan” scenario. And it’s not just that the numbers look similar conomically.
The same thing has ailed both countries: a multi-year project to pa…
Military responses to problems have a way of creating all sorts of new problems. The tenth anniversary of the 9/11 tragedy offers an opportunity to reflect on the costs and benefits of the wars the United States initiated against Iraq and Afghanista…
(repost – from back in January)
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STATE OF THE UNION: ECONOMY
The Phantom 15 Million
Taming unemployment starts with solving the mystery of the jobs that were supposed to have been created in the past 10 years but weren…
http://www.pbs.org/wgbh/pages/frontline/warning/view/
In The Warning, veteran FRONTLINE producer Michael Kirk unearths the hidden history of the nation’s worst financial crisis since the Great Depression. At the center of it all he finds Brooksley Bor…
Despite all the changes since, there is every reason to suppose that today’s policy-makers basically adhere to the judgment of president Franklin Delano Roosevelt’s influential advisor A A Berle, that control of the incomparable energy reserves of th…
