It’s not the big money-centre banks in Wall Street you have to worry about. It’s the smaller regional and community banks. The Federal Deposit Insurance Corporation shut four more of them over the weekend. That’s 20 for this year, which is a lot less than the 140 last year. But if you wanted to see a spike in U.S. bank failures, you’d definitely raise interest rates.
February 22nd, 2010 | Dan Denning | 41 comments | ContinuedAll Posts Tagged With: "money morning"
Attention Dr. Ken Henry: Government Could Make Employee Voluntary Contributions Compulsory
Maybe she didn’t support an effective 30% compulsory super contribution after all. Time for some humble pie we thought.
And then we ‘un-thought’ the idea of eating some humble pie.
It seems that rather than coming to the wrong conclusion, instead we made a schoolboy error by quoting the wrong part of the submission.
September 24th, 2009 | Kris Sayce | 24 comments | Continued
Property Buyers Are Not Buying Property at All
Regularly we receive emails into the Money Morning mailbag asking us for advice on whether the reader should buy a home now, or sell their home now.
Our response is always the same – no response. That’s because unfortunately our licence prohibits us from offering personal financial advice. All we can do is keep things nice and general in these emails.
August 25th, 2009 | Kris Sayce | 41 comments | Continued
The Path Towards Rampant Inflation
This weekend I’ll republish an article that I wrote for Daily Reckoning readers on Tuesday… It isn’t a four-letter word uttered by Prime Minister Kevin Rudd on TV at the weekend that continues to get everyone in a tizz. Instead it’s four-little-words that everyone is rushing to embrace. Words that define the resurgence of a failed and discredited economic theory…
March 14th, 2009 | Kris Sayce | 0 comments | Continued
