Do Bernanke And Obama Talk To Each Other?
Bernanke Gives Upbeat Assessment On Economy Chairman Bernanke predicted today that the recession would end in 2009. Some of his upbeat, optimistic comments included: “If actions taken by the administration, the Congress and the Federal Reserve are [...]
Bernanke Predicts 2010 Recovery In Stocks, Housing & Economy
Bernanke Predicts Recession To End In 2009 The stock market jumped over 200 points today, partly due to Federal Reserve Chairman Ben Bernanke’s optimistic comments to the Senate Banking Committee. Some selected comments by the Chairman follow: [...]
Jumbo Mortgage Rates Reflect Default Risk
Economic Crisis Impacts All Borrowers Jumbo mortgages, typically loan amounts above $417,000, are defaulting at a rapid pace as the economic crisis affects borrowers at all income levels. Bloomberg is reporting that jumbo mortgages, typically associated with [...]
Defaults Everywhere – More Lending Is Not The Solution
Mortgage Defaults Only Part Of The Problem Mention loan defaults and most people probably think of mortgages. Home foreclosures due to mortgage defaults are getting the bulk of press coverage and the most attention in Washington. The [...]
Economic Reality Crushing The American Dream
Reality Becoming Impossible To Ignore There still appears to be a serene sense of calm by the American public. They hope that the government will be able to solve our economic crisis in short order and restore [...]
California & Congress Implement Discredited Depression Era Policies
Irony Everywhere Supposedly we learned certain lessons from the depression of the 1930′s. Experts agree that two of the worst policy decisions during the depression were to raise taxes and erect trade barriers. Knowing that something is [...]
Nikkei – Black Hole Or Buying Opportunity?
Has Japan Been Pulled Into A Black Hole? According to Einstein’s theory of general relativity, a black hole is a region of space in which the gravitational field is so powerful that nothing, including electromagnetic radiation can [...]
Government Bond Buyers Demand Higher Yields
Massive Government Borrowing Raises Repayment Doubts As governments worldwide attempt to sell massive amounts of debt, investors are beginning to question whether they are being properly compensated for default risk. The assumption that government debt is risk [...]
Notable Links
Living Beyond Yours Means – California’s Economy Gets Worse California’s Pain Is Only Beginning BIG SUR, Calif. — As Sacramento squabbles over the state’s $42 billion deficit, Californians are getting a bitter taste of what’s to come [...]
