ON AIR NOW
Click to Play
Alan Greenspan: “I think whatever froth there is in the housing market is becoming contained at this stage, and it’s getting contained largely because mortgage rates have moved up and are beginning to have an impact.
So now that the dirt is coming out, that the Fed did see the evidence of the housing bubble and continued to steer the Titanic at the same speed towards the iceberg, the nature and magnitude of its error is still being underplayed.
The BABs story has gone political. And now the Fed is tossing information into the hopper that just does not pass the smell test.
Americans outsmart themselves with fancy security measures to the point where their money is committing suicide on the press. (Ben Berneke on 60 Minutes)
There's something particularly delicious when a politician has to start cashing the checks they've been writing with their mouth for more than a decade.
To quote Williamss, who actually keeps track of the US economy as if it were a GAAP audited corporation: "The annual deficit is running $4-5 trillion a year , that includes the Y/Y change in the NPV of unfunded liabilities...
A majority of Americans are dissatisfied with the nation’s independent central bank, saying the U.S. Federal Reserve should either be brought under tighter political control or abolished outright, a poll shows. The Bloomberg National Poll underli
