CNBC
That 1937 Feeling All Over Again

U.S. Federal Reserve Chairman Ben Bernanke, an expert on the Great Depression, once promised  that the central bank would never repeat its 1937 mistake of  rushing to tighten monetary policy too soon and prolonging an economic slump.

( Read more... )

NYT
Financial Crisis Was Avoidable, Inquiry Concludes

The 2008 financial crisis was an “avoidable” disaster caused by widespread failures in government regulation, corporate mismanagement and heedless risk-taking by Wall Street, according to the conclusions of a federal inquiry.

The commission that investigated the crisis casts a wide net ( Read more... )

Larry Summers: The Sky Will Fall Unless We Cave Into the Oligarchy
Strange how history had been repeating itself lately, isn't it? Gee Larry, I thought you had left the building, but again, this reminds me how Hank Paulson and Chimpy did the 'first of many' transfers of wealth to the top 1 percent as 'they left the White House,' and it also reminds ( Read more... )

Stewart hits Ben Bernanke on quantitative easing
"The Daily Show" compares Fed chief's recent currency-printing denial with contradictory rhetoric from March 2009

Click to view

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Someone 'splain why Treasury is going to give $600B to Goldman Sachs?

(ETA: we need a wtf? tag, it would be used all the damn time.)

After running into a very pronounced soft patch, and still in it, the professional economic forecasting team at ECRI says that despite this, their leading indicators are now resoundingly pointing away from outright new recession, and rather toward continued economic recovery, but with caveats.

From ECRI/News/Media Coverage
No double-dip recession

CNN
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With both QE2 & Halloween just around the corner, a holiday counter-perspective

CNBC
Fed Policies Are a Horror Show For US Economy: Grantham

Fund manager Jeremy Grantham, long a Federal Reserve critic, issued a blistering attack on Fed policies Wednesday, likening its strategy of low interest rates and monetary easing to a Halloween horror movie ( Read more... )

CNBC
Fed Certain to Act in November In a Big Way: Survey
By: Steve Liesman
Senior Economics Reporter

Following Friday’s disappointing jobs report, market participants are now virtually certain that the Federal Reserve will announce that it will resume buying assets at the conclusion of its November meeting and do so in a sizeable way, according to ( Read more... )

NPR
Concern Grows Over Possible 'Double Dip' Recession

There are growing concerns that the economic recovery is fading and the U.S. could slide back into recession - the so-called double dip. Recent economic data suggest the housing market is already doing just that.

Investors and economists are worried. They're hoping that ( Read more... )