10/30/2004
The dismal failure of central bank monetary policy by Jack Crooks
We are now facing the stark reality of a country and its consumers swimming in debt (household liabilities rose 65% faster than nominal GDP between 2000 and 2003).
Private investors are turning their backs on US securities and the buck. The Asian central banks are still net buyers, for political reasons, but there are signs that ball game is in its late innings.
Private investors are turning their backs on US securities and the buck. The Asian central banks are still net buyers, for political reasons, but there are signs that ball game is in its late innings.
use rss for FYI from BATR
