Word: scareder
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The most perilous assumption about driving down the budget deficit is that, if the number of people out of work over the next two years moves up to the level where unemployment stays above 10% for any period of time, tax revenue into the Treasury will be so badly impaired...
At the bottom of any kind of bear market you get some level of fear and capitulation. It's hard to know the precise point of the extreme, but today there are many things that tell me that fear is way over the top, not the least of which is...
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According to CNBC, AIG is about to post another huge loss. "Sources close to the company said the loss will be near $60 billion due to writedowns on a variety of assets including commercial real estate." The financial channel also reports that the need for capital may be so great...
However, Iman, the woman sitting next to me, nervously pressed her face to the window and confessed that she was scared - not so much of the flight, she said, as just coming to Baghdad. She was Kuwaiti, she explained, and had not been to Baghdad in 20 years. She had...