From the category archives:

US economy

Rumor now has it that Wikileaks’ next leak will be the bust of a major American bank.  The exciting question, perhaps, is less what the details might be (we’ve basically seen it all over the past two years, if we’ve been paying attention) than what bank Wikileaks will bust.
Julian Assange, the creator of Wikileaks, did [...]

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The difference between deflation and disinflation is quite important but not one you hear as much about.  Yet it is important to not the difference because the two are not quite the same thing at all.
Keep in mind that INFLATION, strictly speaking, is an increase in the money supply (which eventually leads to an increase [...]

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Review of The Inside Job by Charles Ferguson (2010).
Despite the fact that it’s a trite truism that Wall Street is fueled by greed and “greed makes the world – or at least the markets – go round,” it’s merely the tip of the iceberg of moral depravity and social corruption that has been exposed on [...]

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Foreclosure-gate, Fraudclosure, the foreclosure scandal – you’ve been hearing about this in the news the last few days, but what the heck is the foreclosure-gate scandal, exactly?
Foreclosure-Gate is the New Risk Factor Everyone Should Be Talking About
What Is Foreclosure-Gate?
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Well, there’s two parts to this answer.  The first part is the simple fact that Bank of [...]

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Bank of America has decided it will halt all foreclosures in all 50 states going forward.  This means, apparently, millions of folks will be living in homes without paying for it – which means at least temporary losses for banks.  (Don’t get me wrong, it is a good thing for families who can find no [...]

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Gordon Gekko turns from bull*hitter to born-again permabear and back again in Oliver Stone’s latest Wall Street: Money Never Sleeps (2010), a film with as many mixed messages as the S&P over the past year.
The plot of the entire film is driven by the ups and downs of the market – a mix of unpredictable [...]

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By all counts it seems clear that the odds of the U.S. falling into a double-dip recession have increased.  If you just look at the charts of the DJIA alone, you can see the breakdown in prices, but there are other factors, too.
1. State Anti-Stimulus Programs Larger than Federal Stimulus Programs.  I think this was [...]

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