The Federal Reserve flow of funds accounts for US Households (Table F.100) clearly reveal the forces that drove the recovery in equity prices in the first half of 2009. By comparing the flow of funds in the year 2007 (at the top of the bubble), with the flows in Q2 2009, a dramatic shift in investor […]

The Obama administration has virtually assured the Iranians that they can develop a nuclear bomb and that the US and the rest of the world will do nothing about it. Mahmoud Ahmadinejad, the President of the Islamic Republic of Iran, vilified Israel before the United Nations on September 23, 2009, claiming that the Holocaust was the […]

On Sunday, September 20, 2009, the US President asked to be interviewed on five political news channels in one day: CNN, ABC, NBC, CBS, and Univision. This followed his request to address a joint session of Congress on September 9, 2009 (preempting prime time advertisers) and preceded his scheduled hour-long appearance on the Monday, September […]