From Barron’s Stephanie Pomboy: A Grim Outlook for the Economy, Stocks by Leslie Norton In the past rates that were too high were the trigger (for a financial crisis). Not this time. No. 1, we have basically bankrupted corporate and state and
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Historically we have believed lower interest rates will stimulate the economy, yet we now have record low interest rates and economic growth is very weak while unemployment remains very high. Part of the reason is that the expected effects of
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The work of noted economist John Maynard Keynes is used to justify a bigger government role in the economy. After the recent (or more accurately current) crisis it is understandable that many would return to this economist. Yet most who
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