Posted on 26 March 2008. Tags: Alan Greenspan, Barack Obama, Bear Stearns, Class Warfare, Dean Baker, Economics, Federal Reserve, Financial Crisis, Hillary Clinton, Paul Krugman, Paul Volcker, Robert Rubin, Ron Blackwell, Subprime Mortgages
I have been waiting to hear what the presidential candidates have to say about how to address the financial crisis gripping the country, and the international markets. Very little of substance has been said, beyond vague pronouncements—until yesterday. Sen. Hillary Clinton released a plan, which, in my humble opinion, underscores why another Clinton Administration would […]
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Posted in General Interest
Posted on 21 March 2008. Tags: Bear Stearns, Class Warfare, Economics, Federal Reserve, Financial Crisis, Subprime Mortgages, Unemployment
This just out via the Associated Press: The number of newly laid off workers filing for unemployment benefits rose last week to the highest level in nearly two months, providing more evidence that the weak economy is having an adverse impact on the labor market. The Labor Department said Thursday that applications for jobless […]
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Posted in General Interest
Posted on 21 March 2008. Tags: Bear Stearns, Class Warfare, Economics, Federal Reserve, Financial Crisis, Subprime Mortgages, Unemployment
This just out via the Associated Press: The number of newly laid off workers filing for unemployment benefits rose last week to the highest level in nearly two months, providing more evidence that the weak economy is having an adverse impact on the labor market. The Labor Department said Thursday that applications for jobless […]
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Posted in General Interest
Posted on 17 March 2008. Tags: Bear, Class Warfare, Economics, Federal Reserve, Financial Crisis, Stearns, Subprime Mortgages
We will get a window on how bad it could get in about 20 minutes when the stock market opens. Stocks will drop like a rock if the overnight trends are any indication: European and Asian stocks fell Monday in response to renewed worries about the financial strength of the world’s banking system after […]
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Posted in General Interest
Posted on 17 March 2008. Tags: Bear, Class Warfare, Economics, Federal Reserve, Financial Crisis, Stearns, Subprime Mortgages
We will get a window on how bad it could get in about 20 minutes when the stock market opens. Stocks will drop like a rock if the overnight trends are any indication: European and Asian stocks fell Monday in response to renewed worries about the financial strength of the world’s banking system after […]
Read the full story
Posted in General Interest
Posted on 10 March 2008. Tags: Class Warfare, Economics, Federal Reserve, Financial Crisis, Subprime Mortgages
A short post today since it’s big fundraiser day. Paul Krugman reports: The scariest thing I’ve read recently is a speech given last week by Tim Geithner, the president of the Federal Reserve Bank of New York. Mr. Geithner came as close as a Fed official can to saying that we’re in the midst […]
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Posted in General Interest
Posted on 10 March 2008. Tags: Class Warfare, Economics, Federal Reserve, Financial Crisis, Subprime Mortgages
A short post today since it’s big fundraiser day. Paul Krugman reports: The scariest thing I’ve read recently is a speech given last week by Tim Geithner, the president of the Federal Reserve Bank of New York. Mr. Geithner came as close as a Fed official can to saying that we’re in the midst […]
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Posted in General Interest
Posted on 16 January 2008. Tags: Citibank, Class Warfare, Debt, Subprime Mortgages
Today brings some pretty grim news, on top of the bad news that has been percolating over the past few months. First, wholesale prices really went sky-high in 2007: Wholesale inflation last year shot up by the largest amount in 26 years while retailers suffered their worst December shopping season in five years as […]
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Posted in General Interest
Posted on 16 January 2008. Tags: Citibank, Class Warfare, Debt, Subprime Mortgages
Today brings some pretty grim news, on top of the bad news that has been percolating over the past few months. First, wholesale prices really went sky-high in 2007: Wholesale inflation last year shot up by the largest amount in 26 years while retailers suffered their worst December shopping season in five years as […]
Read the full story
Posted in General Interest