Economy





How Countrywide Covered the Cracks

Angelo R. Mozilo CEO – Countrywide Financial Gretchen Morgenson NY Times ON June 27, 2006, Countrywide Financial, the nation’s largest mortgage lender, was about to…


Mortgage Damage Spreads

Big Bank Stocks Hit Again as Modern Finance Collides With the Legal System Nick Timiraos, Jessica Silver-Greenberg, Dan Fitzpatrick Wall Street Journal The unfolding foreclosure-processing…




End the Fed. Get the Gold.

Gary North Lew Rockwell How can we end the Federal Reserve System? Prior to 2008, this question would have been entirely hypothetical. It is still…


The currency war is phoney

At the US recession’s core is a collapse in investment. America should sort out its own economic policy, not attack China’s John Ross Guardian The…



Cotton Climbs to 140-Year High

Adam Cancryn and Carolyn Cui Wall Street Journal Cotton prices touched their highest level since Reconstruction on Friday, as a string of bad harvests and…



Thievery 101

Mark Sircus IMVA  Taxpayers, senior citizens, and everyone who is even near approaching retirement are facing their own Waterloo. Bondholders are going to be competing…