Apparently, Roger E. A. Farmer (who seems to have a surplus of names or maybe just initials) thinks so:
So where do we go from here? The only actor large enough to restore confidence in the US market is the US government. The current policy of quantitative easing by the Fed is a move in the [...]
It’s that time of year again and everyone it seems has a list of things that could/may happen in 2009. Some of them are interesting, some of them are just plain bizarre. Here’s a few I found interesting:
Doug Kass
1. The Russian mafia and Russian oligarchs are found to be large investors with Madoff
I have said [...]
Sherle Schwenninger’s article in the Nation, Redoing Globalization, blames others for America’s problems:
The root cause of this unbalanced world economy was the enormous pool of excess savings generated by China, Japan and, more recently, the petrodollar states of the Persian Gulf. This global savings glut, as Federal Reserve chair Ben Bernanke called it, helped fuel [...]
John Snow may have been a lousy Treasury Secretary, but his lobbying skills are not in doubt. The government threw a little more money GM’s way last night (via WSJ):
WASHINGTON — The federal government Monday deepened its involvement in the U.S. automotive industry by committing $6 billion to stabilize GMAC LLC, a financing company vital [...]
