The Fed is Steering the Economy into Deflation
By Mike Whitney
It's a political calculation that will keep unemployment high, increase excess capacity, and deepen the recession. C.P.I. continues to fall, bank lending is down 4 percent year-over-year, housing prices are slipping, business investment is off, and consumer credit continues to shrink. Continue
Guns and Butter: Obama Plans Lame Duck Sell-Out of Social Security" with Webster Tarpley.: The Financial Reform Bill, including The Consumer Financial Protection Bureau; the National Commission on Fiscal Responsibility and Reform, more popularly known as the White House Deficit Commission
Phantom debts, real anguish: Courts impose few burdens of proof on firms seeking to collect old debts.
No unemployment extension: Benefits not in sight for the long-term jobless: "My life has been total stress. I sleep maybe four hours a night, worrying about money," he said. "I understood the president and Congress had to stabilize the banks, get Wall Street going. I figured something would be done for middle-class Americans, that they couldn't abandon us. But I was wrong."
Posts
