Posts tagged money

Paul Craig Roberts: What economy? There’s nothing left

By Paul Craig Roberts
Counterpunch
Thursday, July 16, 2009
http://www.counterpunch.org/roberts07162009.html
There is no economy left to recover. The U.S. manufacturing economy was lost to offshoring and free trade ideology. It was replaced by a mythical “New Economy.”
The “New Economy” was based on services. Its artificial life was fed by the Federal Reserve’s artificially low interest rates, which produced a [...]

Victoria BC – Karie Siess says the rates are going up

Well, it was nice while it lasted, but, along with the nice increase in our weather temperatures, it seems we are going to see the same in our interest rates.
Here is what’s being “talked” about today…
“There is a lot of financial indifference in the markets…as many of the Economists have stated… the Bond Market is [...]