Sunday 24 July 2011
Sep 28, 2008
Crisis may make 1929 look a 'walk in the park' As central banks continue to splash their cash over the system, so far to little effect, Ambrose Evans-Pritchard argues things are rapidly spiralling out of their control ... Faces of power: The Fed's Ben Bernanke, the BoE's Mervyn King, the ECB's. Jean-Claude Trichet "Liquidity doesn't do anything in this situation," says Anna Schwartz, the doyenne of US monetarism and life-time student (with Milton Friedman) ...
Aug 11, 2009
Bernanke has increased excess reserves in the banking system by $800 billion, but lending is still slow. The banks are hoarding capital in order to deal with the losses from toxic assets, non performing loans, ... The same thing happened during the Great Depression. Stocks surged after 1929. Then the prevailing trend took hold and dragged the Dow down 89 percent from its earlier highs. The S&P's March lows will be tested before the recession is over. ...
Aug 11, 2009
During the last world economic depression, the first wave came in the form of the famous New York Stock market crash of October 1929. But this was only the beginning, and hardly the main event. The world depression of the 1930s .... “ Helicopter Ben“ Bernanke got his name from his famous recipe of throwing bales of dollars out of helicopters onto the lawns of bankers to stimulate the economy out of a depression, and this reminds us that the profile of the ...
Dec 01, 2008
Fed chairman Ben Bernanke is trying to avert another Great Depression by flooding the financial system with liquidity in an attempt to mitigate the effects of tightening credit and a sharp decline in consumer spending. So far, the Fed has committed over .... The United States now has the worst income and wealth disparity since 1929 and a whopping 75 percent of the labor force has seen a drop in their living standard since 1973. The average American has no ...
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