As previously noted, the government provided figures on inflation show that it is not an issue and running at a low rate. However, those who compile these statistics changed what items are included in the “core” inflation figures, thus making the picture look much more positive than is reality. Here is an article which [...]

Historians will someday write about these economic times and will ascribe to the current administration and the federal reserve either praise or approbation or perhaps both. At this point in the crisis, it is hard to get a good perspective on the matter. In particular, there are some who complain that the government [...]

In another of those “say what?” moments, here is a report that the Federal Reserve has agreed to make loans (open the window??) to … Brazil, Mexico, South Korea and Singapore. This would be “in exchange” for other countries’ currencies. This is to make the US dollar more available world wide. [...]

In another of those “say what?” moments, here is a report that the Federal Reserve has agreed to make loans (open the window??) to … Brazil, Mexico, South Korea and Singapore. This would be “in exchange” for other countries’ currencies. This is to make the US dollar more available world wide. [...]

The rate cut of .5% to bring the bring the benchmark to 1% shows again that the Fed realizes we are in a large mess. It also is interesting to note that the Fed can only cut rates so far, until there is no more interest rate to cut!
“The Federal Reserve cut its benchmark [...]

Historians will someday write about these economic times and will ascribe to the current administration and the federal reserve either praise or approbation or perhaps both. At this point in the crisis, it is hard to get a good perspective on the matter. In particular, there are some who complain that the government [...]

Yesterday, the US markets, the Dow in particular soared, up 11% Here is an informative article on yesterday’s advance. It contains a great chart that shows the percentage up’s and down’s in the Dow since Oct. 13 of this year. “At about 2 p.m., the market exploded into one of its biggest rallies since World [...]

Think about the irony of that headline. Companies are paying lobbiests to assure that they get bailout money.
Recently a number of economic sectors have begun lobbying for a slice of the largest government bailout in history. Industries hit hard by the financial crisis (such as insurers, automakers, and American subsidiaries of foreign banks) [...]

Michael McBride has given many talks about the different aspects of bankruptcy over the years. Just recently, Mr. McBride spoke at a conference sponsored by the University of Houston Law Center. It was held both in Dallas and in Houston and discussed the foreclosure process and collecting deficiencies.
If you would like a [...]

Japan’s index (the Nikkei) has hit a 26 year low.
“”Worries about the impact of the surging yen on Japanese export earnings have hit the Nikkei hard,” said Julian Jessop, chief international economist at Capital Economics.
“This in turn has led to sharp falls in European markets even when, as on Friday, the U.S. had closed higher [...]