Here’s a letter to The American Conservative:
The Telegraph reports that EU leaders generally agree that a Greek default is imminent but that Greece will not leave the euro.
Consumer credit increased at an annual rate of 6 percent in July 2011. Revolving credit decreased at an annual rate of 5-1/4 percent, while nonrevolving credit increased at an annual rate of 11-1/4 percent.
The prospect of Europe falling back into recession came a step closer Thursday following the latest batch of dire economic data.
The Dow Jones industrial average opened down nearly 3 percent after the Federal Reserve took steps Wednesday to help revive the economy. Here’s a look at the five biggest single-day gains and losses in the index’s history.
Stocks and commodities tumbled, Treasury 30-year yields dropped to a record and the Dollar Index climbed to a seven-month high amid concern central banks are running out of tools to prevent another recession.
The Federal Reserve took a dramatic step Wednesday to help revive the economy, resuming its unconventional efforts at stimulating growth nearly a year after embarking on an initiative that ultimately failed to deliver a healthy recovery.
The U.S. central bank is launching a program that will tilt its $2.85 trillion balance sheet more heavily toward longer-term securities, in an effort to boost a fragile economic recovery.
India has lowered its exposure to America's ballooning debt for three consecutive months, as its holding of the US Treasury bonds fell by USD 4.2 billion (more than Rs 20,000 crore) between May and July this year.
US stocks tumbled on Thursday, extending losses for a fourth straight session, as the Federal Reserve's weak outlook for the US economy and disappointing data from China heightened fears about a global recession.
Will global financial markets reach a breaking point during the month of October? Right now there are all kinds of signs that the financial world is about to experience a nervous breakdown.
If you think the U.S. economy is bad now, just wait for a few months. Things are about to become absolutely nightmarish.
Stocks tumbled on Thursday, extending losses for a fourth straight session, as the Federal Reserve's weak outlook for the U.S. economy and disappointing data China heightened fears about a global recession.
Billionaire investor George Soros said he believed the United States was already experiencing the pain of a double dip recession and that Republican opposition to Obama's fiscal stimulus plans was to blame for sluggish growth.
Throughout the financial crisis, many national economies have looked to their government and foreign lenders for financial support...
The surprise defeat in the House Wednesday of a special funding measure to keep the federal government functioning past Sept. 30 was a sharp rebuke of the GOP leadership that controls the chamber and a testament to the fragility of the majority itsel
The Federal Reserve did what investors expected Wednesday - it said it would buy Treasury bonds to help the economy. But stocks fell anyway. The reason? The Fed made it clear that it thinks a full economic recovery is years away.
To hear enthusiasts tell it, the technique of additive manufacturing, better known as 3D printing, has the potential to change not just manufacturing, but the world. Tomorrow, everyone will have a 3D printer on their desk and make their own sneakers
Wall Street's not cutting it: California's legislature voted to do a feasibility study on establishing a state-owned bank.
As the government grapples to find ways to trim the bloated federal deficit, a new report suggests officials might start with cutting out $16 muffins and $10 cookies. "We found the Department (of Justice) spent $16 on each of the 250 muffins serve
General Motors Co and its Chinese partner SAIC Motor Corp signed an agreement on Tuesday to develop and build electric vehicles in the world's largest auto market.
Daily Forex Fundamentals, written by Danske Bank, says the FOMC will probably get QE3 rolling by the end of the year or early in 2012. “Following the continued deterioration in economic data, we expect the Fed to take action in the form of a twist in
“Due to financial trading relationships and off-balance sheet exposure to European banks, the U.S. banking system will not go unscathed,” said Michelle Meyer, a Bank of America Merrill Lynch economist, in a note to clients Friday.
I had breakfast this morning with the head of business development for one of the world’s largest travel companies, and he told me an absolutely hilarious story that I wanted to share with you.
The European Union will call on China this week to boost domestic demand and on the United States and Japan to tackle their public deficits as part of global efforts to rebalance growth, an EU document showed.debt crisis.
Prop 13 radically reduced the tax base, but it is probably too late to raise property taxes now. The tax savings simply drove property prices up, getting capitalized into additional debt service to the banks. Today, a rise in property taxes would lea
Goldman is telling the public that everything is going to be just fine, but meanwhile they are advising their top clients to bet on a huge financial collapse. On August 16th, a 54 page report authored by Goldman strategist Alan Brazil was distribute
If the crisis continues to grow and the U.S. takes on a wider role, U.S. taxpayers could feel a bigger impact. The biggest exposure could come from America’s status as the single largest source of money for the International Monetary Fund.
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America's greatest Depression