Daily Archives: October 22, 2013

The reason that the world is drowning in debt

The miracle potion for creating above-average growth over the past 30 years has been add more leverage(debt) and stir. As interest rates moved through a 30 year secular downturn, more things became affordable every year without pay increases for the … Continue reading

Posted in Main Page | Comments Off on The reason that the world is drowning in debt

Why is JP Morgan so quick to pay a 13 billion fine?

Gordon Kerr, consultant at Cobden Partners, talks with Guy Johnson about the potential $13 billion settlement by JPMorgan to end civil claims over its sales of mortgage bonds. Here is a direct video link.

Posted in Main Page | Comments Off on Why is JP Morgan so quick to pay a 13 billion fine?

Profiting personally from public office

Most Americans believe it’s illegal for politicians to profit from their public office but, as Steve Kroft reports, that’s not the case. Here is a direct video link.

Posted in Main Page | Comments Off on Profiting personally from public office