The Fiscal Stimulus and Market Turnaround: 5-Year Anniversary

Commentators are taking note of the five-year anniversary of the fiscal stimulus that President Obama enacted during his first month in office. Those who don’t like Obama are still asking “if the fiscal stimulus was so great, why didn’t it work?”

The Costs and Consequences of the 2007-09 Financial Crisis

How Bad Was It? by Tyler Atkinson, David Luttrell and Harvey Rosenblum, Federal Reserve Bank of Dallas Abstract The 2007-09 financial crisis was associated with a huge loss of economic output and financial wealth, psychological consequences and skill atrophy from extended unemployment, an increase in government intervention, and other significant costs. Assuming the financial crisis …

The Urgent Need to Recapitalize Europe’s Banks

by Harald Benink and Harry Huizinga This piece is originally from Voxeu.org (June 05, ’13) Europe has been postponing the recapitalization of its banking sector. This column argues that it has been doing so for far too long. Without such a recapitalization, the danger is that economic stagnation will continue for a long period, thereby …

The Conomy Game

by Lee Adler, The Wall Street Examiner The Legend of Bennie the Beard, Henry the Hitman, and Gangbankster Dealers (A True Story with Real Data and Real People) The Industrial Production news last week reminded me of a story. It’s a story that shows just how the Fed’s manipulation drives both the stock market and …