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| WAMU logo Ever since my favorite local bank, Washington Mutual (I know it is not a local bank) was taken over by JP Morgan I have been wondering about how its new overlord would handle the name of the organization. I was thinking that it could keep the Washington Mutual name since it has for me been a good bank and therefore if others feel [...] 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 [...] Several recent articles here have mentioned ‘inflation’, but have used U.S. government statistics. It’s much worse, folks, than the official version. Here’s my down-home take, plus that of an actual expert, from 8 months ago. It still applies. The federal government claims that inflation is low and fairly stable at present. Do you believe that? If inflation rises, this is supposed to be [...] | Available Streams 2    | ||||
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