Iceland is in the midst of a crisis and raised interest rates today from 12% to 18%. The Iceland currency, the Krona, which has already lost half its value since January, and has been closed to trading, opened trading today and according to CNBC lost half its current value “boom, just like that.” But if you look at the economic …
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22
2008
I truly believe a year from now we’ll have many of the answers we’ve all been waiting for. I choose a year from now because once this Presidential political distraction is over with, and we’ve had another year of the continued crack up from the sub-prime mess and more bank failures, and more fed intervention (GM, Ford, possibly the airlines, …
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15
2008
Getting ready to watch the last debate with the topic of “economics,” which should be good for a laugh. Just wanted to share my thoughts on what the Fed is up to…. Putting yourself into the Feds shoes, I mean literally diving into the crown of Bernanke’s head and becoming “The Fed,” you have to answer “what do we need …
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