According to the Wall Street Journal today, the Fed thinks we’re in good shape.
Dennis Lockhart, president of the Fed Bank of Atlanta, said the Fed’s key rate, which stands at just 1.0%, could “in theory” go down to zero if problems persist, and said this could be considered.
Speaking during a question-and-answer session after a speech [...]
Archives for the ‘Economics’ Category
Federal reserve ’still has plenty of ammo’
Friday, 7 November 2008
The cult of Obama
Thursday, 23 October 2008
The dictionary defines a cult as “an instance of great veneration of a person, ideal, or thing, esp. as manifested by a body of admirers: the physical fitness cult.” In my opinion, America’s newest cult is a man named Barack Obama.
I have resigned myself to his presidency. I accept that he is a gifted [...]
Designer biofuels
Wednesday, 15 October 2008
If bacteria can poop the fuel we need how come I’m not hearing more about it? I had to hear about biofuels company LS9 from a nerdly co-worker. You would think people would be excited.
LS9 DesignerBiofuels™ products are a family of fuels produced by specially-engineered [...]
Faith based electrons
Thursday, 25 September 2008
I’m just about through with the people in Washington, D.C. and all those who share their mentality.
Frankly, my dear, I no longer give a damn. My short term goals are to keep putting food on the table and gas in the tank so I can get to and from work. My long term goals are [...]
Hundreds of banks will fail, Roubini tells Barron’s
Wednesday, 6 August 2008
If hundreds of banks are going to fail, we need to be asking why. Who is responsible?
NEW YORK, Aug 3 (Reuters) - The United States is in the second inning of a recession that will last for at least 18 months and help kill off hundreds of banks, influential economist and New York University Professor [...]











