The former Fed chief told CNBC Friday that the Fed’s policy to boost liquidity is helping stock values. “I think we are underestimating. . .how important asset prices, very specifically equity prices, are not only to shareholde…
The U.S. must act to rein in its massive budget deficits or face the risk of a bond market crisis, former Fed Chairman Alan Greenspan said Sunday. If deficits begin to frighten the bond market, interest rates will rise, undermi…
Bernanke’s zero-interest-rate policy is backfiring. Only the wealthy benefit from rising financial assets, as average Americans take on more debt. Worse, risky speculation is again being rewarded.
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Data from the IRS shows that 2,840 households reporting at least $1 million in income on their tax returns that year also collected a total of $18.6 million in unemployment benefits in 2008.
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