International Monetary Fund chief Christine Lagarde called central bankers “heroes of the global financial crisis,” warned against slowing funny money “stimulus”
Tom Eddlem, writer for The New American, gives a contrast between Australia's economy and that of the United States, covering such factors as national debt, savings, and interest rates.
There will be no winners once Detroit enters bankruptcy. Those who were promised health and retirement benefits are going to be faced with stark painful reality. Bondholders are going to take a massive haircut. Those residents still living there will have to tighten their belts still further.
Stock and commodities markets went into a two-day slide after Federal Reserve Chairman Ben Bernanke hinted that the United States would end so-called “quantitative easing” sometime during 2014.