This post first appeared at my site Credit Writedowns Given the spate of articles in the business press about this country or that country facing a p...
The way it stands with credit card companies these days, you might be better off dealing with loan sharks. At least they'll warn you before breaking your legs. The banks sneak up behind you and do it.
The machinations of today’s US politics are enough to bring even the most hopeful to their knees in despair. Health care reform appears to have ...
The only sensible approach to investing is to buy into well-understood businesses when they are offered substantially below what they are worth, and to sell them as they approach intrinsic value.
The U.S. can settle its debts and get its own house in order, but that would cause world trade to contract. A substitute global reserve currency is needed to fuel the global economy while the U.S. solves its debt problems.
A world expert on economics delivered a cogent and optimistic analysis of the meltdown, its causes, its cure and its effect on the future at the recent Global Business Forum in Banff, Alberta.
Just because Bernanke said that the recession is "technically over," that doesn't mean that consumers are feeling too swell or that Fed policy will shift. Here's what I think is on Bernanke's mind right now.
How do we make sure what happened in terms of the recklessness and irresponsibility on Wall Street doesn't happen again? I wish that I could tell you that Congress is now doing that investigation. It is not.
The Fed's conundrum is this: Bernanke needs to defend the dollar and raise interest rates to provide for a viable and long-lasting recovery. But the short-term effect would be a devastating recession.
The centrality of the U.S. consumer to the overall global economy has meant his pulling back on a debt induced shopping spree, which has sparked a worldwide synchronized recession.
It's amazing what qualifies for good news during the nation's longest post-War recession on record.
We do not need more federally-mandated documents and protocols adding time and cost to the lending world (already a bit anemic).
The "Do Nothing Coalition" has turned its back on the citizens it's supposed to represent.
The world at large was being told something which was plainly not true. The real innovators were ignored, the faked ones were glorified.
by Zach Carter, TMC MediaWire Blogger The banking lobby still holds enough sway inside the Beltway to torpedo sensible consumer protection rules, ev...
Economists and their friends in bond markets are scaremongering in the hope of achieving cuts in government programs, rises in unemployment and lower wages. This is lunacy parading as economics.
The so-called "rich" can't be taxed enough to mitigate the coming wave of inflation, nor will increasing taxes on them pay for everything that's currently on the table
Supposedly "managed futures" herald the dawn of an enlightened age for investments but what the heck are they and why are corn and interest rates being uttered in the same breath?
This afternoon, President Obama signed a credit card bill to end abusive practices by credit card companies. This is an historic moment in our nation...
At first glance, news that Standard & Poor's has placed the AAA rating of the United Kingdom under review for a possible downgrade would seem to have ...
Overall, consumer will have less to worry about from credit companies under the new legislation, and in my book that's a victory.
