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Geithner Thinks Recession is Weaker

Geithner Thinks Recession is Weaker

The Secretary of the United States Treasury, Timothy Geithner, said this weekend that the global recession seemed to be ‘losing force’ but that to come out of it strong the United States and China would need to institute major economic reforms to create a stronger …

Ben Bernanke: Commissioner of the Economic Police Department?

Ben Bernanke: Commissioner of the Economic Police Department?

If it is not bad enough that the Federal Reserve has almost unlimited control over money and interest rates and can totally control the market from an office building, the Obama administration is proposing that the Federal Reserve serve as a regulator to detect activities …

G7 indicates worst of recession may be over

The finance chiefs from the G7 said yesterday that the worst of the recession of the global economy may be over. They also pledged to make sure that the big financial firms stick around.
Group of Seven finance ministers and central bankers said after a meeting …

Dow ends over 6.5% up today.

Today, Friday November 21, the Dow ended over 6.5%, or 494 points, up today. The best guess as to why the sudden change in heart by investors is that Obama is likely to name his treasury secretary sometime soon.
He is likely to announce New York …