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Inflationary Spending April 7. 2009
President Barack Obama in Iraq today President Obama's hefty budget, essentially printing up all this money, will place America in danger of inflation. There's a genuine issue there. Must they spend every dime of this budget. Mayo Gives Banks ‘Underweight’ Rating on Loan Losses (Update2) April 6 (Bloomberg) -- CLSA analyst Mike Mayo assigned an “underweight” rating to U.S. banks, saying loan losses may exceed Great Depression levels and the government may be forced to take over large lenders. ...“New government actions might not help as much as expected, especially given that loans have been marked down to only 98 cents on the dollar, on average.” |
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