If you have something to say...
Say it on the Huffington Post
If you have something to say...
Say it on the Huffington Post
The banks aren't creating anything real, just imaginary financial instruments. But ensuring that more people have access to a college education will only improve society in the long run. So why are we bleeding poor students dry while giving big banks preferential treatment?
When multinational corporations' leaders reach this higher level of personal maturity, they will end their rush to the bottom of low wages and poor community and environmental behavior and lead the planet in our rise from the bottom in these areas.
There are rising asset prices and stretching valuations. But not because there's a bubble so much as because there is a Bernanke.
When former Reagan OMB Director David Stockman charged Ben Bernanke with "exploding the Fed balance sheet" in his recent New York Times op-ed piece a...
Bernanke and most of his colleagues say they are fighting unemployment and see no inflation. They actually may be targeting stagflation: high unemployment and high inflation.
Why is David Stockman driving everyone crazy? The shoot-the-messenger frenzy that has greeted Sunday's New York Times op-ed by Ronald Reagan's former budget director leaves one searching for the message that has so unhinged his critics.
On the heel of Cypriot bank-deposit delirium, we suspect that the U.S. central bankers had more than enough concern to hold firm to the seemingly limitless flow of monetary easing.
Think our problems can be solved with a regulatory nip here and a fiscal tuck there? Believe that our fiscal and monetary challenges can be overcome if we just get "the rich" to pay their "fair share?"
These imperatives do not appear to be materializing as a result of aggressive monetary policy. Even so, Bernanke & Co. charge relentlessly ahead on their chosen course. We can only hope they know what they are doing.
All the hype about an imminent exit for the Fed is just noise. Not only will its policies be in place for a very long time to come, but the odds actually favor an increase to the current amount of annual debt monetization rather than a decrease.
Since we've bailed out the 10 largest banks $83 billion this year alone, should they give it back to us by paying into the U.S. Treasury the amount of...
David Nasaw's biography of Joseph P. Kennedy, entitled The Patriarch, raises familiar memes about the patriarch of the Kennedy clan: how he prowled ar...
The purpose of QE is to reverse this contraction. But if debt deflation is so easy to fix, then why have the Fed's massive attempts to pull this maneuver off failed to revive the economy? And why is Japan still suffering from deflation after 20 years of quantitative easing?
I expect it will not be until inflation becomes a serious and undeniably-painful condition for the economy that Mr. Bernanke begins to change his mind. And any change that does eventually occur will be slow and gradual... at best.
With the Dow Jones having reached 14,000, it can be said that the worst losses on the index since 2008 have been made whole. But does that mean the global economic crisis is over?
Misrepresenting oneself to oneself has to be the lowest form of self-flattery. Not only does it breach the mother of all truism -- "know thyself" (wri...
