Treasury Secretary Tim Geithner appeared on PBS NewsHour Thursday night. Jeffrey Brown asked him whether JPMorgan Chase spacer CEO Jamie Dimon should resign from the board of the Fed. Here’s the answer. Read More
Recent volatility serves as yet another reminder that markets cannot be divorced from developments in the global economy — and especially at a time when the 17-member construct of the European monetary union is being increasingly questioned on account of what is happening in Greece. Read More
The U.S. economic recovery is “ahead of schedule,” even as insufficient consumer demand continues to pose a risk, former Treasury Secretary Larry Summers said Thursday. Read More
The last thing businesses need in this economy is uncertainty, Richard Fisher, the President of the Federal Reserve Bank of Dallas said Monday. Read More
In the next few months, the masquerade will end. Ultimately several Eurozone members must restructure their private and public debts, while a few may have to exit the monetary union. Greece is only the first in the line. Read More
Sunday’s elections in Europe occurred in three countries with diverse economic circumstances, and they were for different parts of government (presidential, regional, and parliamentary respectively). Yet the common message from the electorate is undeniable, reminiscent of a famous line in the 1976 movie Network: “I'm as mad as hell, and I'm not going to take this anymore!” Read More