economic growth
Intravenous Finance
Governments around the globe launched aggressive schemes with speed induced by shear panic over the weekend in order to stop the global financial meltdown. Central banks in Europe and America will now guarantee a veritable stew of rotten bank loans and governments will purchase equity stakes in many of these retched and limping debt-peddling institutions.
The [...]
Six Months of Job Losses and the Credit Bubble
Poof! That was the sound of approximately 62,000 jobs vanishing from the U.S. economy last month. June marks the sixth straight month of job losses. As for the month of May’s half percentage point spike in the unemployment rate to 5.5 percent – it stayed the same for June as well. Whaddya know? That huge [...]
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