Europe’s clear and present danger to U.S. economy

December 15, 2011

Jason Lange contributed to this post.

Suddenly the shoe is on the other foot. The financial crisis of 2007-2008 had its roots in the U.S. banking system and then spread to Europe. Now, it’s Europe’s political debacle that threatens economic growth in the United States.

from Christopher Whalen:

Are U.S. regulators worsening E.U. credit squeeze?

August 5, 2011

"Our purpose is to lean against the winds of deflation or inflation, whichever way they are blowing." -William McChesney Martin Jr., Chairman, Board of Governors of the Federal Reserve System