Where public policy meets common sense
Posted in Stuff, The Bubble, economy on Mar 4th, 2009
So was the message of the White House in their latest gambit to instill confidence. President Obama noted that eventually the stocks would become a good deal. That statement alone seems to have given a small boost to the world markets so the White House had to clarify it. Indeed, I would add some [...]
Posted in Business, Economics, Ethics, Regulation, The Bubble on Sep 8th, 2008
The Fed has decided to avoid allowing the uncertainty in the market to devolve into a financial panic. It is has fired the executives of the federal mortgage companies Fannie Mae and Fannie Mac. Their failure would have pulled the entire world into recession and the U. S. into economic turmoil. The executives who lost [...]
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