Philadelphia

Forecasters See Recovery… Jobless Recovery

This came out from the Philly Fed on Friday night… The Third Quarter 2009 Survey of Professional Forecasters got a smaller response than normal (only 34 economists participated) but the results are interesting nonetheless. By no means do I endorse the reliability of what this group has to say.  On the panel, you have some…

When the Banks Bailed Out America

As a result of the 2008-2009 credit crisis, the United States government has committed over $700 billion to bail out the banks in order to stem the tide of systemic meltdown.  As the populace rages about these rescues and how the banks themselves have chosen to use these funds, it is important to remember that…