This is a guest post by Darrol Stanley, DBA, professor of finance. The U.S. economy is in a “once-in-a-century” crisis…
In this Week’s Issue Weekly Snapshot Market Barometers Weekly Chart Lines In The Sand Recommended Read Weekly Snapshot • Dow sinks below 12,000; stocks had the sixth straight weekly loss (AP) • China posted a smaller-than-expected trade surplus in May of $13.1bn (Reuters) • The average U.S. homeowner now has 38% equity, down from 61% a … Continued
As if the human toll and suffering were not tragic enough, Japan also had to endure economic and financial strains unmatched in recent history.
Davide Accomazzo, MBA The financial turmoil of the last eighteen months has brought to everyone’s attention the problems and dichotomy of our present monetary and financial systems. While we are now dealing with the consequences of too much credit, it is also important to note that a system without credit (and—much to the delight of … Continued