To worry is to be. To be is to worry.
The government today announced the formation of a sweeping, new regulatory agency that will oversee and govern the entire financial sector. Banks, stock brokerages, mortgage lenders, finance companies, hedge funds, mutual funds, asset management firms and insurance companies, among others, will all fall under the purview of this agency. This new regulatory body will be [...]
I love economists. Don’t you? How could you not? What’s great about economists is that, no matter what the current economic conditions””recession or boom times; high unemployment or low unemployment; inflation or deflation; or whatever””you can always find an economist who will correctly predict the future state of the economy. That’s true regardless of the [...]
Yesterday I read an article titled The Corporate Giveback in the Report on Business section of The Globe and Mail, a major Canadian newspaper. The article described how a number of companies are helping people who have become unemployed. The offers vary from company to company, but, in some cases, they include refunds on purchases [...]
Many people want to know when the current recession will end. The answer to that question is so blindingly obvious that I’m surprised that all economists around the world have not figured it out yet. They haven’t. In fact, as best I can tell, none of them have come up with the right answer so [...]
A little while back, I posted plans that the U.S. government could use to plug its giant deficit and debt holes. (#1, #2 and #3) Despite promising many more recommendations, I haven’t provided any for a couple of weeks. The reason for my negligence is that I have become despondent in the interim. I regularly [...]
Do you remember when banks used to give gifts to people who opened new accounts? That was nice and neighborly. It made you feel that the bank really wanted your business. And some of the stuff was cool. In Fahrenheit 9/11 Michael Moore took his cameras to a bank that was giving guns to new [...]
Announcer: You’re watching the Internet BS News Network, IBSNN, the Internet’s most authoritative news source, as if you care. Anchorperson: Welcome back. Last week we brought you a live press conference in which Professor Penny Lesse, then a senior economic advisor to the government, painted what can be best described as an horrendously bleak picture [...]
As regular readers know, I’m doing my part to help the U.S. government to fight its debt and deficits even though I’m only a friend of the U.S, but not an American citizen. In two previous articles (part 1 & part 2) I offered some ideas for generating new government revenues and cutting government costs. [...]