The Open Market Committee of the Federal Reserve System meets today. No one is expecting that there will be any change to the Fed’s target Federal Funds rate. The reason given is that the economy still remains exceedingly...
Read MorePaul Krugman takes on China in his column this morning: “Taking on China”: http://www.nytimes.com/2010/03/15/opinion/15krugman.html?hp=&adxnnl=1&adxnnlx=1268654957-6LHafkNf0eW6a/enaOOFeQ. He begins,...
Read MoreOver the past week or so, I have spent a lot of time on sovereign debt and the problems being faced by various nations across this planet with respect to their budget deficits. I suggest the article “Sharing the...
Read MoreThe headlines of the day: “European Leaders Call for Crackdown on Derivatives” (http://www.nytimes.com/2010/03/10/business/global/10swaps.html?hpw) and “Call for Action on Speculation Rules”...
Read MoreComparisons abound between the Great Depression of the 1930s and the Great Recession of the 2000s. So far, we seem to have avoided the depths that were reached in the earlier experience, but we still have to consider whether or...
Read MoreLooking at the Federal Reserve statistics these days is rather boring. As has been reported over the past month or two, the Fed has gotten its balance sheet in position for the “great undoing.” And, now it is just...
Read MoreThe New York Times business section carries the headline, “Traders Turn Attention to the Next Greece”: http://www.nytimes.com/2010/03/04/business/global/04bets.html?ref=business. “Is Spain the next Greece? Or...
Read MoreA new report has been released by the Roosevelt Institute and has been announced by ABC News:http://abcnews.go.com/Business/economists-warn-financial-us-economy/story?id=9990828. The chief economist of this institute is the...
Read MoreThis seems to be the major question asked by most commentators in most media outlets. Is it going to be Spain? Japan? The U. K.? Italy? Portugal? Just who might it be?Might it be California? Or New York? Or some major city?Who...
Read MoreChairman Ben Bernanke gave testimony this past week on the Fed’s semiannual report on monetary policy to the United States Congress. I believe that Mr. Bernanke’s report can be summarized in two sentences. First, the...
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