In approximately 264 hours from now, the United States will have a new president and for the first time since 1992, the Democrats will control all three branches of legislative and executive arms of government, and there’s a growing temptation to redo the New Deal of the 1930s as a recipe for the current global [...]
Every effort by the government to artificially sustain the current price regime in the market by bailing out irresponsible borrowers and lenders will only lengthen the recession and possibly result in a depression. The market, during a period of exuberance, determined the current prices(ceiling). The market, during the necessary correction, should determine the right floor. The [...]
So far it seems like a trickle, between July 11 and August 22, US regulators have shuttered five banks, bringing the year’s total to nine. Columbian Bank and Trust Co. of Topeka, Kansas had $762 million in assets and $622 million in deposits according to the FDIC who also expect the recent failure to cost [...]




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