Tags: Brazil + China + Financial Stability Forum + IMF + International Bank of Settlements + Russia + Treasury
Policy initiatives focused solely on bailing out banks and neglecting final demand have followed their inevitable course resulting in the contraction of consumer spending, massive job losses, and credit impairment rendering piecemeal, trickle-down policies now ineffective if not absurd–a domino effect of less and less demand fueling greater and greater contraction. The pain is becoming so widespread that non-bank […]
November 20, 2008 - Economy, Markets, Politics - 0 Comments
Tags: Banks + Federal Reserve + JP Morgan + obama + TARP + Treasury + Wells Fargo
Enthralled deep into the credit crisis of their own making, banks have their hands out for more bailout money and are sticking together to dictate terms of acceptance from our Government. This may be the epitome of arrogance, but cartels have that power. For example, banks have refused loans with caveats not to pay dividends or […]
November 18, 2008 - Economy, Markets, Politics - 0 Comments
Tags: Bailout + Cabinet Members + China + Japan + Russia + TARP + Treasury
There is widespread agreement among US economists that America needs another massive fiscal stimulus plan. No final conclusions have been reached on whether it will be multi-staged or one giant prolonged spending infusion until growth takes hold again. Democrats, pre-election, had already decided that a significant infrastructure campaign would yield the most benefit because it would both create jobs […]
November 11, 2008 - Economy, Politics - 0 Comments
Tags: Banks + CDOs + Congress + Derivatives + Fed + Federal Reserve + Greenspan + Swaps
Former Fed Chairman Alan Greenspan has dispicable culpability in the current financial crisis- not primarily because of his loose monetary policy, or narrow-minded bent for free market solutions, but because his blatant failures of oversight and flawed advice to Congress amounted to no less than incorrigible bad judgment, because his lack of balance as Chairman
October 22, 2008 - Economy, Markets, Politics - 0 Comments
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