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Daily Archives: January 16, 2009

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Deflation: The Enemy Of A Depression

Posted: January 16, 2009 at 6:05 am

A run-of-the-mill economist would define deflation as the loss of money supply and credit in the markets. Simply stated, the value of money erodes as prices drop sharply. The value ...
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Old_car

The Winning Idea Of The “Bad Bank”

Posted: January 16, 2009 at 5:44 am

Now that Bank of America (BAC) has been given $20 billion more capital from the government in addition to about $118 billion in guarantees against toxic asset losses, the subject ...
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Empire

Media Digest 1/16/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: January 16, 2009 at 4:07 am

According to Reuters, Bank of America will get a huge financial aid package from the government.Reuters reports that Congress is advancing legislation to release the balance of the TARP funding.Reuters ...
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Winter

Asia Markets And Europe Open 1/16/2009

Posted: January 16, 2009 at 3:22 am

Markets in Asia were higher.The Nikkei was up 2.6% to 8,230.The Hang Seng rose .3% to 13,228.The Shanghai Composite was up 1.8% to 1,954.At the open in Europe, the FTSE ...
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