economy :: Sound Mind Investing

Post tagged with economy

Game changer?

April 02nd, 200911:25 AM ET

By Joseph Slife

While the nation was otherwise occupied with AIG bonuses (and SMI staffers were occupied with completing the April issue), the Fed announced last week that it will "pump an extra $1 trillion into the financial system by purchasing Treasury bonds and mortgage securities" - a plan "that amounts to creating vast new sums of money out of thin air," acc...
Congressional Budget Office takes issue with Obama budget

April 02nd, 200911:09 AM ET

By Austin Pryor

One of the great dangers of President Obama's proposed budget, which he defended again last night in his press conference, is the way it dramatically increases the annual deficits and national debt. In my post from last week, "The Budget that Will Change Your Life," one of the linked articles made the argument that the deficits, as dire as the...

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