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| See, Ed, I was right: The real problem is on the demand side of the economy. Consumers won’t or can’t borrow because they’re at the end of their ropes. Their incomes are dropping (one of the most sobering statistics in Friday’s jobs report was the continued erosion of real median earnings), they’re deeply in debt, and they’re afraid of losing their jobs. Introductory economic courses explain that aggregate [...] Excerpt from Talking Points Memo: Getting Real About Palin: When Palin became governor they went for another bite at the apple. Palin, her husband and several members of her staff began pressuring Public Safety Commissioner, Walt Monegan — a respected former Chief of the Anchorage police department — to can Wooten. Monegan resisted, arguing that the official process regarding [...] From our international banker this morning: The U.S. economy may yet slip into recession, but inflation is an even bigger risk given the “exceptionally” stimulative stance of monetary policy, Richmond Federal Reserve President Jeffrey Lacker said on Tuesday. Lacker pointed out that when adjusted for inflation, the federal funds rate for overnight lending, currently at 2%, is at its lowest level in post-war history [with [...] when his time comes, Alan Greenspan would fall directly from his lofty platonic perch down to the deepest circle of hell, where he would live in a flooded New Orleans shotgun with Ayn Rand and Milton Friedman, each given only a tablespoon to bail with while fetid water continued to seep through the walls, rank with the stench of forgotten corpses and slick with a [...] | Available Streams 2    | ||||
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