It is obvious that the Federal Reserve (the Fed) is largely to blame for the current debt bubble by manipulating the price and supply of money and infusing large amounts of liquidity into the free market while keeping interest rates much too low, for much too long. According to economist Barry Eichengreen of the University of California at Berkeley and
Read moreUpdate to my previous prediciton on the outcome of the 2008 Minnesota Senate Election: CNN Breaking News: Minnesota’s Supreme Court has declared Democrat Al Franken the winner of the state’s disputed U.S. Senate race. (Associated Press) ST. PAUL, Minn. – Al Franken ascended Tuesday from the ranks of former “Saturday Night Live” comedians to an even more exclusive club, outlasting
Read moreNEW YORK (Reuters) – The U.S. economy will not recover until the end of this year, and even then growth will remain meek and vulnerable to higher interest rates and commodity prices, economist Nouriel Roubini said on Tuesday. Roubini, who rose to prominence for predicting the global credit crisis, tore down the “green shoots” theory that a rebound is imminent,
Read moreJune 8, 2009. Note: Bankruptcy filings are apt to exceed the 2005 number eventually, given data like Jobs Contract 17th Straight Month; Unemployment Rate Soars to 9.4%. The USA Today is reporting Bankruptcy filings rise to 6,000 a day as job losses take toll. Last month commercial bankruptcy filings hit 376 a day, up from 255 in May 2008. Hartmarx,
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WILLIAM STICKEVERS 