Don't Turn the Recession into a Depression
Many compare the current economic crisis to the Great Depression of the 1930's. While their origins were similar, the denouement should not be.
Many compare the current economic crisis to the Great Depression of the 1930's. While their origins were similar, the denouement should not be.
Jim Wallis | Posted 04.26.2009 | Politics
While watching President Obama's press conference Tuesday evening, I was struck by a few things that are often forgotten in the criticism of his proposed budget.
Michael J. Panzner | Posted 04.24.2009 | Business
As was the case with the now hobbled U.S. banking system, the dollar's fortunes have long depended on the confidence of others.
AP | CHRIS KAHN | Posted 04.19.2009 | Business
NEW YORK — A weakened dollar and evidence that OPEC has significantly slowed production sent oil prices soaring to new highs for the year Thursd...
Alan Schram | Posted 04.15.2009 | Business
Take the money earmarked to large, corrupt and failing banks that wretchedly brought us to the precipice, and have the FDIC offer matching capital to anyone setting up a new community bank.
Jim Wallis | Posted 04.05.2009 | Living
While we evaluate our own response, our local churches' response, and our government's response to this economic crisis -- we must remember that we are more connected than we think.
Alan Schram | Posted 04.02.2009 | Business
The new budget President Obama proposed last week is no less than another American revolution, an economic revolution that changes the very fundamenta...
Alan Schram | Posted 03.25.2009 | Business
Housing prices have to fall because they have been inflated for years, but they will ultimately reach an economic equilibrium. When that is accomplished, the financial system will recover.
Alan Schram | Posted 03.12.2009 | Business
Instead of recapitalizing and subsidizing the foolish and irresponsible banks that got us into this mess, we should let home prices fall to their economic equilibrium.
mochiads.com | Mochiads.com | Posted 03.08.2009 | Comedy
It's every man dream: Money Falling From The Sky! Catch as many as you can and you will receive amazing awards!!! But be careful not to catch dirty money.
Alan Schram | Posted 02.27.2009 | Business
While lower oil prices are welcome news for the US consumer and for consumers in other economies that rely on importing oil, the situation is very different around the world.
Alan Schram | Posted 02.19.2009 | Business
Spending is the problem that caused this crisis in the first place. We cannot fix the problem using more of its root cause.
Alan Schram | Posted 02.11.2009 | Business
Bear markets are difficult experiences, but they provide unique prospects. I believe we will look at the present U.S. stock market valuations as perhaps the best investment opportunity of a generation.
Alan Schram | Posted 02.06.2009 | Business
What should be intuitively clear is that spending is no way to repair our woes. Indeed, spending irresponsibly is exactly what got us in the current lugubrious position.
Alan Schram | Posted 01.30.2009 | Business
It is not the "government" that hands out these bailout packages and money for projects. We must recognize that government has no money that isn't ours.
Financial Times | Ralph Atkins | Posted 01.29.2009 | Business
The euro could overtake the dollar in global importance in the next five years, a large majority of continental Europeans believe, according to a poll...
James Freedman | Posted 01.04.2009 | World
World Editorial Roundup for December 4, 2008.
AP | JOE McDONALD | Posted 01.03.2009 | Business
BEIJING — China's chief trade envoy urged Washington on Thursday to stabilize its economy and protect Beijing's U.S. investments as the two side...
Alan Schram | Posted 03.25.2009 | Business
It's not the government's job to make stocks go up. It's their job to ensure stability and confidence to counter the fear and panic now so prevalent all over the world. Markets will find their own equilibrium when that happens.
Alan Schram | Posted 12.27.2008 | Business
Seeing the news headlines, clearly people are frightened.The issue we are faced with today is shortage of confidence, not shortage of capital.
Alan Schram | Posted 03.26.2009 | Business
The Treasury's policy did nothing to build confidence or stabilize the markets. The precipitous drop of the equity markets in October and November are the market's judgment on their policies.
Alan Schram | Posted 12.21.2008 | Business
Paulson is now on his third plan for how to spend the cash Congress gave him. Nobody knows what he will do next.
Alan Schram | Posted 12.12.2008 | Business
Barack Obama is faced with very high expectations. There is only a small likelihood that any human being could actually deliver a performance commensurate with those expectations.
Alan Schram | Posted 12.10.2008 | Business
Have you noticed our politicians so often do exactly the wrong thing? They mean well, but in their haste to propitiate us, the voters, they cause more damage than good.
Alan Schram | Posted 12.04.2008 | Business
We are seeing some of the best stock valuations in the last century. Once fear of illiquidity dissipates, the stock market will get back to normal levels.
Alan Schram | Posted 05.09.2009 | Business