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 [...]

Remember those “rebate” checks Uncle Sugar sent out earlier this year? They failed to achieve a “stimulus.”

The evidence is now in and that optimism was unwarranted. Recent government statistics show that only between 10% and 20% of the rebate dollars were spent. The rebates added nearly $80 billion to the permanent national debt but less [...]

David Walker says we’re in trouble. Since David Walker has spent a great deal of time making management decisions inside of our federal government, and since I’ve been under the impression that we’re in trouble since long before I ever heard of David Walker, I decided to attend when I was invited to participate in [...]