corporate bonds

Still Blaming the Victims

By |2009-01-06T16:10:47-05:00January 6th, 2009|Economy|

As the new Obama administration prepares to enact the mother of all “stimulus” packages, it seems that some still can’t get straight what caused the current worldwide recession. Hank Paulson still believes the problem was caused by Asians saving too much: In a recent interview with the Financial Times, U.S. Treasury Secretary Hank Paulson blamed the [...]

Market Week in Review

By |2009-01-03T16:38:29-05:00January 3rd, 2009|Economy|

Another holiday shortened week and another week of lousy economics news. Consumer confidence hit a record low and home prices continued to fall. Jobless claims fell but probably due to weird seasonal adjustments – not as much holiday hiring and therefore not as much post holiday firing. The ISM survey hit its lowest level since [...]