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Daily Archives: August 20, 2013
ECRI reaffirms US recession began in 2012
Lakshman Achuthan, co-founder of the Economic Cycle Research Institute, talks about the U.S. economy and why GDP revisions lower ahead will reveal the third US recession since 2000 began in late 2012 as consumption turned down. Here is a direct … Continue reading
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Banks: “if we aren’t allowed to cheat and take unfair advantage then we’re out”
For the past 10 years, investment banks have enjoyed a veritable free-for-all, trading, churning and making manipulating markets however they wished to goose profits. Any time regulators did caution or confront them, banks were able to pay modest fines and … Continue reading
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