According to Federal Reserve Flow of Fund tables for Q2 2009 (F.107 Rest of the World), non-US residents are moving out of US private debt instruments, favoring US Treasuries despite record-low interest rates. The “flight to safety” which started with the Crash of 2009 has accelerated as the economic policies of the Obama administration are […]

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 […]

Despite overwhelming votes to cut off funding for ACORN from both Democrats and Republicans in the US Congress in September 2009, there is a real question as to whether such measures are effective or even sincere. The ACORN scandal regarding the prostitution of minors exposed by young reporters Hannah Giles and Kenneth O’Keefe and publicized by […]