February, 2008
LiveWire Economics Blog - February 4, 2008 14:41
Automobile Wreckage. It Isn’t Just Ford and GM
Contained, they said. No spillover from the financial collapse, they said. The consumer is resilient and will continue spending, they said. Who are “they” you ask? The politicians, bankers, Fed speakers, analysts, brokers, economists and talking heads on the financial and – of late – mainstream media. All out there telling you its going to [...]
From Credit to Money, Part II
WHY DON’T we just do away with all the different currencies of the world, and settle on one single money to buy, sell, invest and light our cigars with? Because as it is, the Babel we live in – where 143 different kinds of currency either change hands or act as a way of measuring [...]
Fed cuts funds rate again, bonds worry market
The Fed announced a ½ point rate cut Wednesday afternoon (January 30) to the Fed fund rate, reducing the rate it charges banks to 3%. This was the second cut in a week following last week’s surprise .75 point cut. Financial markets had been widely anticipating the ½ point cut and most economists believe the [...]
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