Forex Learn
The latest crisis occurred this weekend, when the Federal Reserve engineered a bailout of Bear Stearns, a major U.S. bank that was selling for $70 a share just a week ago, and today is selling for under $4.
The Fed also cut a quarter point off the Discount Rate, and opened up [...]
- a chapter of the Grandfather Economic Reports -
America has become more a debt ‘junkie’ – – than ever before
with total debt of $48 Trillion – – and the highest debt ratio in history.
That’s $161,287 per man, woman and child – – or $645,148 per family of 4,
$45,514 more debt per family than last year.
Last [...]
Learning From History -Recessions In The USA
What can we learn from the history of past economic recessions in America?
From the Great Depression, the oil crisis in the 70’s through to Black Monday and the dot-com bubble. We explore the causes of recession and look at the current economic situation in 2008.
America’s History [...]