A British subprime mess - bbc
Michael Coogan, the director general of the Council of Mortgage Lenders , is grumpy with me (and said so today on the News Channel), because he thinks I implied yesterday that the big surge in repossessions that the CML expects next year will be due
700 Billion Times 10 - OpEdNews.com
So, we all know about the $700 billion; let me write that out- $700,000,000,000. Where did this number come from? How did The Federal Reserve and The Secretary of Treasury come up with that number? Well, I don't know. But I was reading a great
Economists predict 1% interest rate cut - This is Money
It follows the publication this morning of another slew of desperately gloomy economic figures, showing that the recession is gathering pace and the housing crash shows no sign of stopping. A full-point cut from the Bank's Monetary Policy Committee
Posner vs. Block - Lewrockwell.com
More on fractional reserve banking. Walter Block posts a response to my earlier post . He still says that borrowing money from a depositor is like selling a "square circle": it is a "logical contradiction." It’s not, as long as the contract right
Free-market Thinkers - New American
With bailouts and other unabashed socialist projects being embraced by both political parties to "save our economy," has free-market economics been proved faulty? In the bailout-a-week political climate, it is all too easy to believe that free-market
The Epic of Finance - American Enterprise Institute
The Ascent of Money is yet another in Niall Ferguson's series of very readable and enjoyable books. As the subtitle suggests, the book is not about money per se, but about financial development, tracing it from the earliest times to the present
Call for radical cut to interest rates - This is Money
Employers are calling for a full percentage point cut to interest rates when the Bank of England's Monetary Policy Committee meets later this week. A 'significant and sustained' downturn in the economy has prompted the call from manufacturers, while
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