The last three months have seen more and more weakness in the smaller commercial banks in the United States. Last month I ask the question, “Is A Crunch Coming for the Smaller Banks?”...
Read MoreIt seems like all Ben Bernanke can do is blow bubbles. He joined the Board of Governors of the Federal Reserve System in September 2002 and served until June 2005. The effective Federal Funds rate was 1.75% at the time of his...
Read MoreThe headline reads that the Federal Reserve is going to engage in a new round of quantitative easing.The Fed is going to purchase an additional $600 billion in U. S. Treasury securities over the next eight months, or $75 billion...
Read MoreThe year-over-year rate of growth of the money stock measures has never declined during the Great Recession of 2008-2009. The recession began in December 2007. In January 2008 the year-over-year rate of growth of the M2 measure...
Read MoreBank lenders are always among the last to accept the fact that the loans they have placed in their loan portfolio might be bad. “Oh, the economy will improve and the loans will improve with the economy.” “These borrowers got hit...
Read MoreIn this mid-term election season in the United States, President Obama has blamed everything else related to the state of the economy on Bush 43.It makes sense to also blame the appointment of Ben Bernanke as Chairman of the...
Read MoreIt is Halloween…is that QE2 I see lurking in the shadows?Oh, my…I’m scared! Here we are in the third month since the Federal Reserve declared that their program to withdraw all the liquidity they had injected into the banking...
Read MoreIn this globalized world, international capital mobility must be taken as a given. According to modern international economic theory, if international capital mobility is a given, then there are only two other policy choices...
Read MoreYesterday I wrote a post considering the United States as a turnaround candidate. (http://seekingalpha.com/article/232267-can-the-u-s-successfully-achieve-a-turnaround) My fourth point in the post was that a turnaround needed to...
Read MoreA part of my life has been connected with company turnarounds, bank turnarounds to be more precise. I would suggest that the United States is in a turnaround situation right now but its leaders claim that the economic model it...
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