MLM Counties News. Notices. Need-to-know Information.
Thud! Four years after the peak of the housing bubble, home sales are slumping… again. New home sales, which lead the complex of housing indicators, fell to an all-time low of 308,000 in February, the fourth consecutive monthly decline. For ...
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Count me in and don’t get personal
The envelope on the kitchen table carried an ominous warning: “Your Response is Required by Law.” No, it wasn’t a summons. Our household’s official 2010 U.S. census form had arrived: a five-page questionnaire on Persons 1 through 6 living or ...
Read More »‘New normal’ tops 2009 list of overused phrases
For journalists, pundits and comedians, the end of the year provides an opportunity to look back, fantasize forward and let the creative juices flow. We churn out 10 Best and 10 Worst lists. We reprise the year’s most memorable moments ...
Read More »Banks can’t serve two masters well
Taxpayers may despise Wall Street’s culture of greed, view bankers as amoral and abhor the idea of government bailouts. What they really can’t stand is watching the bailed-out banks throw their new-found wealth at their employees without getting a piece ...
Tagged with: banks
Read More »Fed’s focus on exit ignores unguarded entrance
In an effort to determine what went wrong and enshrine “never again” as their motto, central bankers are focusing on what they did, or didn’t do, in their role as regulators to aid and abet the financial crisis. The Federal ...
Tagged with: Federal Reserve
Read More »Inflation ‘cure’ exposed when in-laws move in
When Ben Bernanke arrived at the Federal Reserve, first as a governor in 2002 and then as chairman in 2006, he was known as an inflation targeter. He had written the book (literally) on the subject, based on his empirical ...
Tagged with: Ben Bernanke Federal Reserve inflation
Read More »Fed’s credit flirtation muddles exit strategy
What’s the endgame? Even as the U.S. economy sputters, the banking system teeters, the budget deficit heads for the stratosphere and the hand of government extends into all corners of the private sector, the public wants to know the way ...
Tagged with: banking system budget deficit economy endgame federal government Great Depression
Read More »Economic cures are like booze for an alcoholic
Someone returning to Earth from a yearlong sojourn in outer space could be excused for feeling disoriented. After all, when said space traveler departed our fair planet, the U.S. economy was buckling under the weight of the burst housing bubble. ...
Tagged with: credit economy Federal Reserve housing bubble
Read More »Most Americans ‘get’ TARP, but they just can’t stand it
Barack Obama begins his term as 44th president of the United States with an ambitious agenda in addition to the pressing problems posed by an economic and financial crisis. Before he can get to either, the new president needs to ...
Tagged with: Barack Obama Ben Bernanke economy Federal Reserve Henry Paulson Troubled Asset Relief Program
Read More »Government finds itself in hole, keeps on digging
If it seems incongruous for elected officials to talk about budget discipline in the same breath as trillion-dollar deficits, it is. President-elect Barack Obama is being encouraged by economists of all stripes to err on the side of doing too ...
Tagged with: Barack Obama budget deficit stimulus
Read More »Herd quits Eden for land of perpetual recession
After a year of denying the U.S. economy was in recession, the herd has turned and is charging full speed in the opposite direction. Now there’s no chance we’ll ever get out of this mess. The financial system is broken. ...
Tagged with: Ben Bernanke economy Federal Reserve Great Depression Northern Trust Corp. Paul Kasriel recession
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