The chart above doesn’t have the most recent data. It appears to show a gentle decline in the household debt-to-disposable income ratio. Since then, though, due to higher debts and income growth that’s not quite kept up, the ratio has turned up again. It’s around 156% today…
February 3rd, 2010 | Dan Denning | 127 comments | ContinuedAll Posts Tagged With: "Paul Volcker"
Are Stock Market Investors Really Such Optimists?
Or, is the federal government manipulating stock prices? It is spending trillions of dollars to give people the impression that things are getting back to normal.
January 13th, 2010 | Bill Bonner | 1 comment | Continued
Everyone is Getting Tough on Bankers
Good ol’ Paul Volcker is giving them hell. He told a group of bankers that the only innovation they came up with that actually added value was the automatic teller machine.
December 16th, 2009 | Bill Bonner | 2 comments | Continued
Volcker, the Last Central Banker in America to Have Any Real Integrity
He saw what needed to be done and he did it. He hiked up rates and brought consumer price inflation under control.
December 14th, 2009 | Bill Bonner | 4 comments | Continued
We’re Not Threatened by Inflation but by Depression
It’s fighting the depression that makes people worry. Smart investors and shrewd central bankers are afraid the depression-fighters will go too far…
December 7th, 2009 | Bill Bonner | 2 comments | Continued
A Recovery of Some Kind in Global Trade
“Global trade rose at its fastest rate in more than five years in July,” The Financial Times reports, “suggesting the economic recovery is feeding through into commerce.”
September 30th, 2009 | Bill Bonner | 1 comment | Continued
Bank’s Inflation Projections Will Not Return to the 2 Per Cent Target Figure Until Early 2010
Those who experienced the 1970s were taught a painful lesson about the negative effects of inflation. In standard monetary theory some emphasis is given to the initial phases of inflation in which an increasing money supply funds economic expansion and tends to cause booms, bubbles and speculation. Less attention is usually given to the second stage of inflation in which prices rise…
May 16th, 2008 | William Rees-Mogg | 1 comment | Continued
