John Tamny, RealClearMarkets Last fall, in an Oct. 16 interview with CNBC’s Larry Kudlow, outgoing U.S. Treasury Secretary Henry Paulson addressed the imposition of the Troubled Asset Relief Program on banks, and specifically responded…
Faced with a $42 billion loss at RBS (RBS) and credit markets which appear to become more frozen as each day passes, the UK will move its economic rescue package beyond the banks into…
It is stunning to think that Americans have begun to believe that this recession and the effects that it will have on their lives could go on for years. It is more surprising that,…
Looking at the headlines at WSJ.com, the majority are about large companies that cut workers today. Circuit City is liquidating, which could put 30,000 people out of work. AMD (AMD) is cutting 1,100. Pfize…
The December Consumer Price Index, or CPI measuring consumer-level inflation, is showing that the risks to deflation are real. Low prices are good. Low prices that go lower can generate a whole host of…
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 of labor and goods…
This morning we had several key pieces of economic data in weekly jobless claims and in the ever-important reading of wholesale inflation measured via the producer price index. Interestingly enough, the NY Fed manufacturing…
The French has turned to a trait which has been uncommon in the European country. One of the most well-regarded analysts at Societe Generale says that it is time for the US to gird…
Motorola (MOT) will lay off 4,000 more people this year. In the fourth quarter, it sold only half as many handsets as it did in the same quarter a year ago. The decision makes…
The Beige Book is out and the district by district report on business activity is somewhat dismal. The good news is that the pace of bad news is not really out of line with…
Ben Bernanke today addressed a number of issues still plaguing the economy. He said that no one could predict how long an economic recovery would take. He acknowledged that the Obama stimulus plan might…
No one being seating in the next Congress, the 111th United States Congress, is likely to accused of beating his wife, using the wrong fork, or passing gas while speaking with a head of…
By most estimates the report on December unemployment could hardly have been worse. Many experts believe that 500,000 jobs would be lost and that unemployment would rise to 7%. The actual figures came in…
A look at the Congressional Budget Office figures for 2009 and 2010 is enough to drive most strong men to despair. Right at the start the CBO says that the federal government will run…
It would be hard to miss the headline that Alcoa (AA) fired 15,000 people yesterday. The actions of big companies are probably a much better indicator for what is ahead for the economy than…