Deleveraging the Economy

Latest Consumer Spending Data Much Worse Than Expected

Sheldon Filger | Posted 09.17.2009 | Business


Sheldon Filger

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.

Cash for Clunkers with our Bread and Circuses in Pax Americana

Michael Pento | Posted 09.03.2009 | Politics


Michael Pento

It is increased production and decreased consumption that we need. We need to boost savings and pay down our debt.

Banks Start Promising Kashkari They Will Make Loans

Clusterstock | Henry Blodget | Posted 12.01.2008 | Business


More importantly, the WSJ gets at the real problem here. In addition to running on fumes and fearing for their own futures, the banks aren't lending b...