The theory was beautiful (well in the abstract)… Give troubled banks more credit and they will lend it out and the economy will stop its free-fall. Now, that sounds like utopia to me. Create credit and we will all be saved for unemployement, slowing production, decreased consumer spending, and rising interest rates. HOLD ON… let’s [...]
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It seems that the tune to march to these days is credit o credit we need more credit. Somehow somewhere we forgot quite quickly that credit got us into this mess. If credit is expanding much faster than real economic growth the outcome will be instability in the economy. That is like an individual taking [...]
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The United States’ Commerce Department’s Bureau of Economic Analysis (BEA) will stop publishing a key report tracking foreign direct investments (FDI) into the U.S. Through the discontinuation of the BEA’s “New Investment Series,” the U.S. government and the American public will no longer be able to distinguish between FDI used to acquire existing U.S. assets from FDI [...]
I’ve attended a few performances by David Copperfield and he has performed the unbelievable. Before my very own eyes a group of thirty people vanished into thin air. Where did they go? I watched the unbelievable made real right in front of me. How could this be an illusion created to fool me into belief? [...]
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The Fed is Heralded as a savior. I’d like to present a dissenting opinion and it will only take a moment. The Fed is a quasi-governmental entity — read private bank. It is a very large private bank that oversees the money flows between banks with the exclusive privilege of creating and destroying [...]
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