The FDIC’s failed bank list has now officially exceeded 100 institutions for 2009.
Continue Reading →Some exuberantly optimistic economists are now saying that the recession is over and going so far as to predict more than 2% increase in home sales in 2010.
Continue Reading →On March 26th, The Institute’s Journal of Economics published an article entitled “Any Bonds Today?” Now the government is promoting Bailout Bonds. We wonder if the Journal had any influence?
Continue Reading →This week, both Moody’s Investor Services and S&P have published negative ratings that will have no other effect but to harm any recovery efforts being undertaken by government. Wise move or pure insanity?
Continue Reading →When the gears of a machine are out of alignment, mechanics adjust the gears and lubricate them, allowing the gears to flow more freely. So too, the gears of our economy need a mechanical adjustment.
Continue Reading →When companies, whether in the fields of finance, banking or insurance, or for that matter, any other industry, create new types of financial instruments, should they be immediately subject to regulatory review?
Continue Reading →Double, double toil and trouble; fire burn and cauldron bubble, this witches brew it does o’er take, truth and liberty to forsake. Witches brew and media make, a boiling cauldron at the stake. Doth Geithner go or Geithner stay, this hell-cooked brew may rue the day.
With apologies to Mr. Shakespeare, we’ve taken the [...]
Continue Reading →In all the talk about bailouts, markets, toxic assets and government intervention heard in the media, none of the pundits or media moghuls have noticed that there isn’t a real cure, only band-aid solutions. Let’s look at a cure.
Continue Reading →As he watched the credit markets freeze and the economy tank last month, Wall-based economist Robert Angelone and some of his colleagues overseas penned an outline of their ideas and e-mailed it to U.S. and European government leaders.
Continue Reading →The world is at the beginning of a global economic crisis. Yes, the beginning. We have just seen the tip of an iceberg on the horizon, and have yet to see the entirety of its power.
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