Federal Reserve may be `Central Bank of the World’ after UBS & Barclays aid
Bloomberg - Federal Reserve data showing UBS AG and Barclays Plc ranked among the top users of $3.3 trillion from emergency programs is stoking debate on whether U.S. regulators bear responsibility for...
View ArticleGeithner warns Congress raise debt limit to avoid national catastrophe
With all the economic rhetoric about fiscal and monetary policy, some things never change. One of them is the pretty straight talk from politicians on the U.S. debt limit when we get ever closer to...
View ArticleDebt deal done, U.S. rating still in question
I guess we did something, that is for sure. We need to get serious on this issue and fast. People keep citing that our borrowing rates are so low and this is a good time to borrow more so you can...
View ArticleSt. Louis Fed President James Bullard says ‘Fed will act if economy weakens...
We are totally screwed. I am sorry to have to use such crude vernacular but it is true. It comes down to this, we have a debt-based monetary system in the United States and it have been replicated...
View ArticleStockton California to file for bankruptcy, will be largest U.S. city to fail
You may see this as a bad thing, but for too long different city governments have been growing their services too fast, based on growth expectations for tax revenues that were unrealistic. Bankruptcy...
View ArticleU.S. states’ debt tops $4 trillion
Wow, that is scary being that the states can not print money and only issue debt, they now account for almost 1/3 the size our national debt. Sadly the reality is that will need to reduce spending...
View ArticleChina overtakes US as world’s largest trading country
No surprise here. They have over a billion people and China has taken a course to industrialized their country and increase their middle class to around the size of the entire United States...
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