Iceland Wins The Bank Bailout Scheme — By Default

Trying to convince anyone that the bank bailout was a dumb idea, that it would have been better and wiser to have let the stricken banks fail, is a doubtful undertaking. The accepted wisdom is that they were “too big … Continue reading

Near Zero Interest Rates Are Killing Investors and Savers

“The zero interest rate policy is a massive transfer of wealth from savers to banks.” –Christopher Whalen If you have any money you know you can’t get much income on it these days. If you have any money in a … Continue reading