The U.S. Recovery Has Been Spectacular*

We need a real recovery. That's what Mitt Romney said during the campaign, and he was right. Five years since the start of the Great Recession, unemployment is still far too high. It's not for a lack of optimism among policymakers. As Evan Soltas pointed out, the Federal Reserve keeps predicting that prosperity is just around the corner, only to find it's not. Catchup growth is the new Godot. FULL STORY *Compared to almost every other rich country and almost every other financial crisis.

Economy 101: Who benefits from new banking rules?

At the core of an international agreement to head off future financial meltdowns is a requirement that banks keep more....

Debts Rise, and Go Unpaid, as Bust Erodes Home Equity

During the great housing boom, homeowners nationwide borrowed a trillion dollars from banks...