Oh, my. I don’t always agree with Patrick Buchanan, although I find myself nodding in agreement with him more these days than I did five years ago. He pens a positively frightening picture of how we’ve ruing our economy and what we’re perilously close to experiencing.
SUBPRIME NATION by Patrick J. Buchanan
Since it began to give credit ratings to nations in 1917, Moody’s has rated the United States triple-A. U.S. Treasury bonds have been seen as the most secure investment on earth. When crises erupt, nervous money seeks out the world’s great safe harbor, the United States. That reputation is now in peril. Meanwhile, Washington drifts mindlessly toward the maelstrom. With the dollar sinking, oil [...]
It’s enough to make you cry. Continue, please -
The McLaughlin Group: The Economy Tanking
The panel of Mort Zuckerman, Eleanor Clift, Monica Crowley and Pat Buchanan on this Friday’s The McLaughlin Group sat down for a discussion on whether our economy is tanking and whether or not it’s in part due to Iraq…Mort Zuckerman paints as [...]
Finally, Some Good News for the US Stock Market
It’s closed today. That’s about the only “good” news in US stocks in the last few months, as this article from Friday’s NYT explained: “While the chairman of the Federal Reserve told Congress on Thursday that a recession can be averted, Wall Street sent Washington a different message: it’s already here. The Dow Jones industrial average [...]
Tags: Economy
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