I don't know why I am so edgy here lately. Maybe because Federal Reserve Credit last week only increased a little, going up $2.3 billion to $852.3 billion, which is about the same level of Total Credit as it was in January, six months ago. Or may
The economy limped ahead at just a 0.7 percent pace in the first quarter, the slowest in more than four years, as some businesses clamped down on spending given uncertainties about the severity of the housing slump.
Caliber Global Investment Ltd., a $908 million fund invested in subprime mortgage debt, will sell its assets and shut within a year as losses widen on defaulted U.S. home loans.
During the height of the real estate bubble, I wrote a column saying that the crash was coming and suggested selling any piece of real estate that was overpriced, questionable, or non-performing. As expected, I received angry replies. Today, I'm
After 10 months of circulation, they've become a regular feature of the local economy. Businesses that accept BerkShares treat them interchangeably with dollars: a $1 cup of coffee sells for 1 BerkShare, a 10 percent discount for people paying in
(Congress is proposing to stop Wal-Mart from entering the business. Guess who is lobbying them) But the world's largest retailer certainly hasn't given up hopes of taking on the financial-services industry. The Bentonville, Ark., company
The federal government recorded a $1.3 trillion loss last year -- far more than the official $248 billion deficit -- when corporate-style accounting standards are used. Reflects a continued deterioration in the finances of Social Security and governm
Merrill Lynch & Co.'s threat to sell $800 million of mortgage securities seized from Bear Stearns Cos. hedge funds is sending shudders across Wall Street.
The high-stakes game of brinksmanship began early yesterday on Wall Street, and continued throughout the day. Bankers traded telephone calls, frenetically negotiating the fate of two hedge funds.
Many Democrats think price gouging should be a federal crime. They've included a provision in the energy bill that would make it illegal to reap "excessive" profits at the pump in times of a national energy emergency.
Journalists are challenged every day to make sense of complicated business and economic issues. The Business & Media Institute (formerly the Free Market Project) aims to help the media do that essential job.Entered By: Powell Gammill
Because earmarks are funded from spending levels that have been determined before a single earmark is agreed to, with or without earmarks the spending levels remain the same.
[Now that we are bankrupt.] President Bush warned Congress he will use his veto power to stop runaway government spending. "The American people do not want to return to the days of tax-and-spend policies,'' Bush said in his radio addr
It’s official. Mark your calendars. The crash of the U.S. economy has begun. It was announced the morning of Wednesday, June 13, 2007, by economic writers Steven Pearlstein and Robert Samuelson in the pages of the Washington Post, one of the foremost
"Pop! Why Bubbles are Great for the Economy." Bubbles are miracle workers. So let 'em pop, Pop, POP! Gross is in love with what happens after a bubble pops, an idea first heard in uber-economist Joseph Schumpeter's 1942 law of
Can government spending contribute to macroeconomic stability and higher productivity of labor? Many people say yes, because they believe that government spending can stimulate the aggregate demand and contribute to the accumulation of capital
Alan Greenspan, when chairman of the Federal Reserve, brushed off an idea to boost scrutiny of subprime mortgage lenders, a former Fed governor told the Wall Street Journal.
NEW YORK –- Morgan Stanley issued a "full house sell signal," saying three of its leading indicators — bond yields, Institute for Supply Management new orders, and valuation and risk — showed it was time to sell.
Ben Bernanke's speech on the real estate market was an exercise in futility. He did not refer to the obvious: his predecessor's monetary policy, which created a real estate bubble. He promised new regulatory measures, which are old measures w
In reading Bush's complaint that Russians Have Derailed Reforms it occurred to me that we are being presented with still more reasons to vote for Ron Paul (even though there are plenty enough reasons already).
Fable has it that paper currency came into being as warehouse receipts issued by the goldsmith against gold left on deposit for safe-keeping. The owners found that they could make purchases with these warehouse receipts as easily as with gold coins.
No More Shuffling of Paper Gold - Contract Holders are taking Delivery of the Metal. (The US Economic collapse will not happen all at once,... but it will happen overnight)
"Our government "prints up jobs out of thin air" the same way the Federal Reserve prints up money. To manufacture jobs, The Bureau of Labor Statistics uses their very own Net Birth/Death computer model."
The United States dollar is facing imminent collapse in the face of an unsustainable debt, the United Nations warned today. United States debt, which had now deepened to well over $3 trillion, might turn out to be unsustainable in the rest of 2007
“You have to choose [as a voter] between trusting to the natural stability of gold and the natural stability of the honesty and intelligence of the members of the Government. And, with due respect for these gentlemen, I advise you, as long as the Ca
The federal government recorded a $1.3 trillion loss last year — far more than the official $248 billion deficit — when corporate-style accounting standards are used, a USA TODAY analysis shows. The loss reflects a continued deterioration in the fin
After receiving Congressional approval and concerns expressed by business interest groups of job losses and price increases, President Bush is expected to approve an increase in the federal minimum wage.
After selling gas for 20 years, Curro turned off his pumps at his Shell station when the price he was being asked to pay was just too much. Including the wholesale cost of gas and other taxes and charges, he was being asked to pay $3.44 a gallon when
General Electric Co. said Monday it will sell its GE Plastics division to petrochemicals manufacturer Saudi Basic Industries Corp. for about $11.6 billion. GE said it would use the proceeds primarily to increase its planned 2007 stock buyback prog