Concerns about the current economic mess turning into another Great Depression seem to have faded. The consensus view of government officials and private economists seems to be that the economy, although still fragile, is well on its [...]
Concerns about the current economic mess turning into another Great Depression seem to have faded. The consensus view of government officials and private economists seems to be that the economy, although still fragile, is well on its [...]
Fed Sees Solution In Zero Rates
The Federal Reserve recently vowed to keep interest rates “exceptionally low” for the foreseeable future in an attempt to revive the economy. Since mid 2006 the Fed has brought the [...]
Depression Pricing As Empty Hotels Slash Rates
The recent era of easy lending was not confined to residential real estate. Commercial real estate lending is the next big worry for a banking industry already beset by an avalanche [...]
The Marginalization Of Risk
The massive number of loan defaults that has put the entire banking industry on the brink on insolvency did not happen by accident. Banks recklessly extended credit, even to low income borrowers who obviously [...]
Japan’s Zombie Banking Taken To New Levels Of Lunacy
Japan’s real estate and stock market bubbles burst in the early 1990’s. Since then, twenty years of non stop Government stimulus programs have failed and left Japan with [...]
FDIC May Request Treasury Loan As Losses Grow
The FDIC always takes pride in noting that it is self funding and covers failed bank losses by assessments on FDIC insured member financial institutions.
Congress created the Federal Deposit Insurance [...]
Bailout Funds Go To Bank Bonuses
Banks that lost billions of dollars on speculative investments and poor loans have routinely been awarding thousands of employees massive bonus payments. Ironically, the only reason many of these banks are still [...]
Debt Is The Greenspan Legacy
Alan Greenspan, former Federal Reserve Chairman, today expressed his concern about the level of the US national debt.
Sept. 16 (Bloomberg) – Former Federal Reserve Chairman Alan Greenspan said he’s worried that lawmakers will [...]
K-Ratio Predicts Higher Gold Stock Prices
Based on the recent large rally in the gold stocks, it is time to sell and take profits? The K-Ratio, a time tested method for timing the purchase and sale of gold [...]