Hulbert says that this(deflation) improved returns on the stock market. That, however, is not correct. The alternative to the stock market, at that time, was simply holding onto cash, or platinum, or other precious metals that were not confiscated by the government (as gold was). You would have been MUCH better off in cash during [...]

Alaska Senator Ted Stevens was found guilty Monday on all seven corruption charges against him. The government had charged Stevens with lying on his Senate financial disclosure forms, by not disclosing gifts including major home renovations from an oil industry executive. In a statement, Stevens said he would fight the “unjust verdict.”

Paul J. Vigna writes:The U.S. government, despite a massive support operation that’s largely merged the balance sheets of the banking system with the Federal Reserve, lacks the resources to solve the credit crisis, Sempra Metals economist John Kemp writes, as relayed by FT’s Alphaville. “The scale of the rescue operation will strain the Fed’s and [...]

By Laura MandaroSAN FRANCISCO (MarketWatch) — The government of Iceland said Friday it had reached an agreement with the International Monetary Fund on an economic stabilization program that includes a $2 billion year loan under a two-year standby arrangement. Iceland would be able to draw $830 million immediately after the IMF’s executive board approves the [...]

The banking and currency systems were ridden hard for years with many reflations blowing the balloons until they burst. This has been the big one. Governments have pulled all stops with this one and it really looks like they are panicking. I say panic because of the call for Bretton Woods II. If this current [...]

America government borrows huge money from foreign countries to boost it’s economy. To make people to buy house, buy cars, computers, cloths, and loan people abusively. It creates demand and heavily debt itself. Now the house is overbought and overbuilt, people default on its loan, foreclosure soars as house price drop. People lost it’s life-saving [...]

Sen. Norm Coleman is facing challenges from comedian-turned-Democratic politician Al Franken and third-party candidate Dean Barkley. Both are attacking the GOP incumbent for supporting the $700 billion bailout — calling it a hurried decision that makes citizens pay for bad government.

Spending 3-5% more than our GDP doesn’t sound so bad, does it? But that figure is misleading. Our government is currently spending about 25% more than it’s income this year. That is a more realistic gauge of our deficit spending. How many years would it take to go completely broke and without recourse spending 25% [...]

A shift of focus has left China short of basic food products and undermined the governments old determination to be self-sufficient. But how can you take advantage of the race to feed the worlds most populous…and fastest growing…economy?…As a country’s wealth grows, so too does its demand for more - and better - food. This [...]

‘The federal government has responded to this crisis with systematic and aggressive measures to protect the financial security of the American people,’ Bush said. ‘These actions will take more time to have their full impact. But they are big enough and