On May 24, my post stated that debt ultimately leaves you with no good options. (http://seekingalpha.com/article/271651-debt-ultimately-leaves-you-with-no-good-options)Martin Wolf in the Financial Times reduces the choices now...
Read MoreHow long will the bailouts continue in Europe and the United States? As long as the banking systems or large parts of the banking system in these areas remain insolvent.We wonder about the public officials in Europe and in...
Read MoreThe FDIC just released the financial statistics on the banking industry for the first quarter of 2011.We knew that through May 20, 2011, the FDIC has participated in the closing of 43 banks. Through the end of the first...
Read MoreThe economies of Europe are hurting, unemployment is too high, and the social nets are under attack. The economy of the United States is hurting, unemployment is too high, and the social net is under attack. Options for...
Read MoreWhy isn’t the economy expanding at a faster pace? Why aren’t consumers spending as robustly as they have in the past? Why aren’t banks lending?The answer has to do with either the debt still on the...
Read MoreIsn’t it interesting that highly leveraged institutions and organizations seem to bring out very innovative accounting strategies?It is in times like these that were learn just how creative accountants can be. ...
Read MorePolicy makers continue to base their economic and monetary policies on the contention that the problems “out there” are liquidity problems…not solvency problems. This focus is highlighted in three...
Read MoreThe Federal Reserve continues to argue that Americans should not be worried about inflation. The recent bumps in the Consumer Price Index, we are told, are just temporary, being caused by special circumstances in...
Read MoreOver the past thirteen week period the Federal Reserve has pumped roughly $350 billion of excess reserves into the banking system. From February 2, 2011 to May 4, 2011, cash assets at commercial banks rose by $400 billion....
Read MoreWe wondered what Microsoft was up to when it started issuing long-term debt last year, something that it had never done all the rest of the time it has been a public company. This money was not going to go to expand...
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