The Household Debt to GDP Ratio is 100%. That means the average family has as much debt (mortgages, auto loans, credit card debt) as they earn in a year.
For a most of the 20th century, the Household Debt to GDP Ratio’s been under 50%. The last time it reached 100% was 1929. Note […]
Bloomberg reports:
The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral.
Fed Chairman Ben S. Bernanke and Treasury Secretary Henry Paulson said in September they would comply with congressional demands for transparency in a $700 billion […]
CNN reports that Treasury Secretary Paulson is preparing to unveil a plan that would basically do the exact opposite of abolishing the Federal Reserve- the plan will grant the Fed nearly unlimited powers of regulation of oversight.
“One of the most dramatic changes would extend the powers of the Federal Reserve — designed to regulate […]
Loading ...