Evicted

Dear Friends, Today the Occupy Wall Street protesters were evicted from Zuccotti Park. Regardless of one’s political or economic persuasions, this act will be seen as having been cavalier and…

YEA!

YEA! Yea for Europe (we hope)! On October 27 the European community announced the “solution” to sovereign debt and European banking. Some issues were left a bit unclear such as:…

Optimistic

by Asher B. Edelman I am optimistic for the economic and social outlook for the United States! During the next four or five years we will, once again, shift into…

Dexia (One Bank)

Dexia (described as in a state of “gripping liquidity strains”; otherwise “insolvent” might be the appropriate adjective), has a plan to sell to the French and Belgian taxpayers $238.9 billion…

Another banking crisis

by Asher B. Edelman It is clear that the banks would not have suspended all residential foreclosures for humanitarian reasons. The banks were achieving their objective, a very high percentage…