The sub-prime crisis and the credit crunch are about the failure of a lending system creating by Wall Street. Instead of banks keeping loans on their balance sheets, they pooled them and sold them...
Investors are pulling money out of Russia at a faster rate than they did just before the 1998 ruble crisis in response to the dictatorship's incursion into the Republic of Georgia. This may be the...
Article | Submitted Aug 21, 2008 | Views: 5 | Comments: 0
Tags: russia
Have you ever even stopped to think about why dimes and qauarters (and fifty and one dollar coins) have ridges all around their edge? And, for that matter, why pennies and nickels do not?
There's hope for the dollar according to this article:
The dollar may well continue to decline, but that doesn't signal a long-term collapse of the currency. This downdraft is cyclical, not...
While the Chinese stock market, as measured by the China Securities Index 300, is down 18% since October 16, that follows a period of almost two years, since January 1, 2006, during which the CSI...
"It's better to take a small recession and kill inflation immediately instead of facing high inflation and a really big recession later," says Carnegie Mellon economist Allan Meltzer.
"The...
Many in the US and around the world equate a lower dollar with a weak economy. The article has some stats on inflation, on the US trade deficit and on GDP growth that make the case that there isn't...
Audio of my interview with Chuck Butler covering the dollar, the economy, attractive foreign currencies, and an easy way to invest in foreign currency.
No matter what the tax rates have been, in postwar America tax revenues have remained at about 19.5% of GDP.
There's an interesting chart showing the top tax rate brackets and the revenue as a...
Federal Reserve Chairman Ben Bernanke said Wednesday he does not believe the United States will experience the out-of-control prices seen with 1970s oil shocks.
Bernanke’s remarks come just...
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