A Deal on Financial Reform: Now What?

Many people are already commenting on how good or bad a deal financial reform is for Wall Street. Some are saying it will crush profits in the banking sector. Others are saying Wall Street dodged a bullet and it will be business as usual. The answer is we really don’t know. That’s because a key problem with the bill, though why it worked …

Should Japan join the PIIGS?

There are a few, special criteria a country needs to meet to become a member of the illustrious PIIGS – that collection of beleaguered Eurozone economies made up of Portugal, Ireland, Italy, Greece and Spain. Does Japan qualify for the honor?
Let’s see:

High government debt? Check.

Low growth prospects? Check.

Desperate need for …

It’s a Deal: Kids Eat Free at IKEA

Now through July 5, you can choose three items (choices include meatballs, mac and cheese, two cookies, yogurt, and chocolate milk) to make a kids’ meal at IKEA free of charge. No purchase necessary. For kids under the age of 12 only. More details here.

Why central bankers will lose more sleep

As if the lives of central bankers haven’t been hard enough. First they had to ride cavalry-like to the rescue as financial markets went into full-fledged meltdown and economies sank into the Great Recession. Ever since, they’ve been faced with that tricky game of figuring out when to start reversing the super easy monetary policy …

The housing slide we’ve been waiting for

We’ve known for a long time that the expiration of the federal home-buying tax credit would trip up the housing market. Many people who had been planning on buying a house down the road accelerated that decision in order to grab the credit. The byproduct of that acceleration was always going to be that post-credit there would be fewer …

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