crisis

Bill Gross, the man who controls the largest bond fund in the world, believes that trillions of dollars in government spending will be necessary to get the economy going again. He warns that if the government does not spend trillions of…

Marc Faber thinks it would better to nationalize the banks rather than bail them out. In his view, we are seeing special interests feeding at the trough.

There is a view making the rounds now that repealing the Glass-Steagall Act of 1933 is the root cause for all of the excesses we have experienced -- and by extension for the present economic Depression. Glass-Steagall was enacted in 1933…

UPDATE: 12 Jan 2010: I am re-publishing this for the third time because of the situation at AIG. The question that Tim Iacono asked on his site a year ago in the post "Why aren't Americans rioting?" is based on an article from Alternet.…

What are the Swiss doing selling dollars? I don't have an answer to this question. But, I thought I would posit it because a reader tipped me off to a development via the Blog Alea:

Bloomberg has a good interview from the World Economic Forum at Davos with Nouriel Roubini and Robert Shiller on the credit crisis and banking industry. The video is below. Enjoy.

Government policy must be well-crafted in order to avoid negative unintended consequences that arise when the government inserts itself into the private sector. And this is where I am having a problem with the Obama Administration.…

This article is from special guest contributor Steve Sildon, Senior Editor for CreditCardAssist.com, where he provides tips and advice for business owners on the strategic use of short-term debt and credit cards for small business…

This post from January 2009 explains why banks do not increase lending capacity when uncertainty about the level of existing loan losses already on their balance sheet makes them worry about future loan losses. Credit wariness will be the…

I am skeptical as to the economic benefits of the Eurozone. In my view, the Euro has always been more of a political construct than an economic one. Nevertheless, the Euro has functioned quite well as a leading international currency in the…