With the Fed forcing interest rates low, commercial and industrial lending has picked up. That may sound like a good thing, but is it? I suggest it's not. Competition is such that "covenant light" lending has returned in full force.
Japanese Prime Minister Shinzo Abe, another in the long line of Mario Draghi-and-Ben Bernanke clones, has reconfirmed that the only way to get out of an economic hole is by digging the hole deeper, that is if you’re of the Keynesian bent.
Nancy Pelosi blames IRS Scandal on Bush. The markets are confused by Ben Bernanke’s testimony; but they really shouldn’t be. Bill Tatro also joined the program to talk about some of the unexpected items that might wage war on this so-called “recovery.”
The Street loved the statement but hated the reality that accommodation may be reeled in sooner rather than later. The fact of the matter is there are a number of issues here.
Inquiring minds with extra time on their hands this morning are plodding through the Full Transcript of Bernanke's Testimony To Joint Economic Committee, U.S. Congress looking for the usual collection of half-truths, distortions, and outright lies it usually contains.
Bernanke seemed to be much more like Alfred E. Neuman of Mad magazine fame who continually said, “What, me worry?”
It’s not as if the Communist state has ever manipulated numbers, built empty cities, or circumvented conventional economic models to make their performance on the world stage seem more grandiose than it already is.
Federal Reserve chairman Ben Bernanke says unemployment will remain high into 2015, suggesting the Fed will keep short-term interest rates near record lows at least until then.
In a long overdue, yet surprising move, Jim Jordan, chairman of the House Subcommittee on Economic Growth demands answers on Bernanke's exit strategy.
Now that the federal government is playing an ever larger role in the economy, a look at Washington's track record seems to be long overdue.
I recently indulged in some wistful, year-end nostalgia, but now that 2013 is underway, let’s turn our attention to a time more crucial to our well-being: the future in which we will live.
WASHINGTON - Everything you ever wanted to know about the Obama economy is in a single sentence about the Federal Reserve Board's latest attempts this week to deal with unacceptably high unemployment.
One of the latent issues of the 2012 presidential race is a referendum on the Bernanke Fed. If Romney is in, Bernanke is out.
Breaking news: officials in our U.S. Federal Government do not know how to solve all our woes.
Friday night I was on Anderson Cooper's CNN program, AC360 with one of my favorite debate partners, Paul Begala. As neither Paul nor I am a foreign policy expert we talked about the domestic political aspects of the riots - and killings - in the Middle East and North Africa (MENA).
Bernanke announced the latest round of quantitative easing.
The weakening, job-starved Obama economy looms over the Democrats' national convention this week, casting a pall of gloom over a party paralyzed by its far-left ideology.
They walk where no mortals dare. They face challenges that melt the resolve of ordinary people. They fearlessly stride the pathways of the world, towering over the feeble masses. Commoners worship them as gods, without whom their lives would dissipate into madness and chaos. Who are these giants that rule the world and whose wisdom is essential to our daily existence? They are economists.
An earlier column, “Homo Politicus,” offered an explanation of why Washington does not learn from experience. (Recap: Washington elites rarely operate from observed results. Rather, they mostly emulate higher status members of their society — much as do chimpanzees and other primates.)
Mitt Romney is the favorite to win the Republican nomination for president. If nominated, the campaign against Obama may well hinge on the dramatically different views on monetary policy between Obama’s Fed chairman, Ben Bernanke, and that of R. Glenn Hubbard. Hubbard is dean of the Graduate School of Business, Columbia University, former Chairman of the President’s council of Economic Advisers, and, with Harvard’s N. Gregory Mankiw, one of Gov. Romney’s most trusted economic policy counselors.