Posts Tagged ‘ The Gold Standard ’

More Government Bailouts

Sep 19th, 2008 | By | Category: Economics, Macro Economics
Damned if they do, damned if they don't, politicians the world over are looking pretty sheepish right now. Nationalizing failed banks, mortgage lenders and insurance firms hardly makes for a strong election pitch. It won't do much to coax fresh risk capital into shoring up financial balance-sheets, either. But letting them fail ...read more

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Global Economic Train Wreck

Nov 6th, 2006 | By | Category: Macro Economics
Bloomberg is reporting, "U.K. Third-Quarter Personal Bankruptcies Reach Record": "Personal bankruptcies in Britain climbed to a record in the third quarter as surging house prices and rising interest rates pushed consumers to take on more debt than they were able to repay. "Individual insolvencies in the three months through September totaled 27,644, ...read more

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