Author: Bonddad

This Week’s Economic News

The stock market rallied this week, largely as a result of lower oil prices, the possibility of a pause in the Fed’s recent rate hikes and expectations of a rebuilding boom for the Katrina affected areas.  In...

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What’s Wrong With the Economy?

Cross-Posted at My Left Wing On one hand, the US economy’s overall statistics are great.  GDO has grown over 3% for the last 8 quarters.  Unemployment stands at 5%.  Inflation is contained.  The economy...

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Cincy Paper Praises Blog’s Fundraising

Hackett has benefited from a surge of online support in the last week that has brought in, as of Thursday, an estimated $303,000 from more than 5,000 small campaign contributors through a Democratic group called ActBlue.com.The...

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Banks Lowering Credit Standards

Cross-Posted at My Left Wing U.S. banks, faced with rising mortgage competition as home sales advance, eased lending standards for the first time in 11 years, the Office of the Comptroller of the Currency said. “We see an...

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