What Does $700 Billion Look Like?

What $700,000,000,000.00 (seven hundred billion) looks like in cold, hard cash: Continue reading “What Does $700 Billion Look Like?”

Stimulus May Raise Your Rates

“Will anyone buy all the debt the government is issuing to pay for its bailout programs? If not, interests rates on a whole host of things could jump.”

Link

A Graphical Look At Bear Markets

Housing Prices Are Still Way Too High

The Housing Chart That’s Worth 1000 Words

“Here’s the big problem with almost all the current rhetoric about the housing crisis: It presumes that the goal should be to get house prices rising again.  The problem with that idea is that, even after a 25% decline, house prices are still way too high.”   Link

Confused about the credit crisis?

Here’s a good video that helps explain in simple graphical terms what has happened. It’s from http://crisisofcredit.com/

Recession to last several years?

Quoting the Fed: “All participants anticipated that unemployment would remain substantially above its longer-run sustainable rate at the end of 2011, Continue reading “Recession to last several years?”

Recession will be worst since 1930s: Greenspan

Former U.S. Federal Reserve Chairman Alan Greenspan said on Tuesday the current global recession will “surely be the longest and deepest” since the 1930s

Obama’s Stimulus: Good For Government, Bad For the Economy

The Day The Economy Almost Died

It was about September 15th. Here’s the facts, and we don’t even talk about these things. On Thursday at about 11:00 in the morning, the Federal Reserve noticed Continue reading “The Day The Economy Almost Died”

Downsizing America

One of my favorite blogs, TheBigPicture, has an interesting look at the amount of contraction going on in the economy.