During her last news conference in December, Janet Yellen stood firm on her record stating, “The global economy is doing well. We’re in a synchronized expansion. This is the first time in many years that we’ve seen this.”
Author Archive | Editor
Tomgram: Nomi Prins, how to set the economy on fire
There’s no way to measure just how cheery this period really is — not if you’re the CEO of a major company. Just as the World Economic Summit was opening in Davos, Switzerland, and President Donald Trump was flying in to put his mark on the moment, PwS, a global consulting firm, released its annual […]
The next financial crisis will be even worse than the last one
We’ve made it through 2017. The first-season installment of presidential Tweetville is ending where it began, on the Palm Beach, Fla., golf course of Mar-a-Lago. Though we are no longer privy to all the footage behind the big white truck, we do know that, given the doubling of its membership fees, others on the course […]
Bailout Costs $8.5 Trillion: Interview with Nomi Prins
The Real News: The 800 billion announced Tuesday and 7.76 trillion from the Bloomberg estimate add up to $8.56 trillion or $26,500 for every man, woman, or child in the United States. We spoke to journalist and author Nomi Prins about where these trillions might come from. Nomi Prins: . . . All of […]
The $700 Billion Bailout Plan’s Fine Print
Treasury Sec. Hank Paulson’s $700 billion bailout plan now has a name: the Troubled Asset Relief Program, or TARP. But even as Capitol Hill debates TARP, few seem to have noticed the proposal item that puts taxpayers on the hook for future bailouts. It’s in Section 6, and the key phrase is this: “The […]
