As the debate rages on about the best way to combat the worst downturn in the United States since the Depression, there appears to be two broad perspectives about the future of American economy.
Seems like everybody nowadays is interested in buying government bonds, but the reasons differ depending on who you are. The Bank of Japan announced they would increase the purchases of their own sovereign debt following in the footsteps of the Bank of England who also stated they would purchase gilts.
The government is moving towards a budget that will raise the national deficit to almost $2 trillion dollars. $2,000,000,000,000. That's a lot of zeroes! Even the Chinese have expressed concern over U.S. deficits. And when the Chinese, the biggest buyer of U.S. debt, begin voice concerns, you know deficits are real and something to be worried about.
Should we nationalize banks in the U.S.? I find the current debate about whether or not banks should be nationalized, bordering on ridiculous. The truth is, some very large institutions are already nationalized. How do I know this? Easy, fresh baked cookies.
Investors everywhere are reading Warren Buffett's commentary on his past actions as well as general views about the economy. But perhaps the best lessons are sometimes hidden behind the words. It requires a careful examination of his letters to fully capture the genius of Buffett and integrate his wisdom into your portfolio.
Obama spoke of many things in his Financial State of the Union. But the underlying tone was one steeped in one basic theme: accountability. For his administration, for you and me, and for the scoundrel corporate leaders everyone loves to hate nowadays. He said over and over again that the party is over, the fantasy dead. We have to be accountable for our actions.
With Congress passing Obama's much lauded stimulus package, trillions of dollars are headed towards the economy. But the markets' aren't liking what they see or hear. The truth is that while a stimulus package might help, it does not heal the fundamental ill -- we all spent too much for too long.
Schools need to cut costs and frills if they want to survive, says a former education secretary.
The mainland's low-cost advantage is quickly fading as Beijing begins to outsource to India and Africa.
According to this expert the rally in gold over several years was based on a misunderstanding.
Japan's prime minister will have a tough job in trying to convince the G-8 next month that his "three arrows" stimulus program is not just a subterfuge to boost exports.