The U.S. Recovery Has Been Spectacular*

We need a real recovery. That's what Mitt Romney said during the campaign, and he was right.

Five years since the start of the Great Recession, unemployment is still far too high. It's not for a lack of optimism among policymakers.

As Evan Soltas pointed out, the Federal Reserve keeps predicting that prosperity is just around the corner, only to find it's not. Catchup growth is the new Godot.

FULL STORY

*Compared to almost every other rich country and almost every other financial crisis.

$40 BILLION QUESTION: Who Picks Up The Mortgage Settlement Tab?

The Obama administration says it's the banks. Mortgage investors worry it will be them. Taxpayers fear they'll have to pony up...

Source: http://www.huffingtonpost.com

British Banks face supertax costing billions

The BRITISH Chancellor promised the biggest shake-up of economic regulation since 1997 - blaming Gordon Brown's reforms for leaving public finances in ruins...

Most Regrettable Bailouts

The 5 Most Regrettable Bailouts..

Reliving the 1930’s – Chance for U.S. depression now 20%

The most serious concern is that the downturn will become something worse than the largest recession of the post-World War II period -- 1982, when real per capita GDP fell by 3% and the unemployment rate peaked at nearly 11%.

Could we even experience a depression (defined as a decline in per-person GDP or consumption by 10% or more)?

Read more possible depression in U.S.

Source: breitbart.com

Bankers tell Obama, “Stop trashing us”

"Mr. President, of the over 8,000 banks in this country, very few ever made a single subprime loan, and they did not engage in the highly leveraged activities that brought down Wall Street firms,"..

Read more Bankers: Stop trashing us..

Source: politico