Banking/Finance

Steve Fraser might look mild-mannered, but when it comes to economic doomsaying, he is the Rocky Marciano of recession, the Tiger Woods of turndown, the David Beckham of depression.Speaking of bending one, Fraser's LA Times column of today, "Symptoms of an Economic Depression," twists U.S. economic data into a harbinger of impending doom. Fraser begins by falsely claiming that "no one wants to…

The Democrats are better at understanding the impact of globalization on working people in America. The wages that have been arrested and halted in their growth, while, you know the boys in investment banking are making 10 times the average income of an American. I think the Democrats understand the consequences of it more than the Republicans and, frankly, another disagreement I've got with…

As the 2008 election approaches, the New York Times uses the image of a sinking red "RECE$$ION" to communicate a fear that is so far only a phantom menace. Peter Goodman's Sunday Week in Review cover story, "Trying to Guess What Happens Next," displayed plenty of pessimism about the U.S. economy after years of foreign-financed easy money. But the accompanying graphic communicated even more…

Widows and orphans, beware: the Republicans are coming!That was the upshot of Chris Matthews's observation today about two Republican front-runners.View video here.Financial Times US Managing Editor Chrystia Freeland has become a "Hardball" regular of late. CHRYSTIA FREELAND: The other thing that people worry about is if someone forecloses on their home, and that's the issue we haven't really…

*****Update at end of post includes detailed response to unhappy e-mail messages concerning this subject.As someone that has done a lot of economic writing and financial media analysis, I'm used to gloom and doom from journalists. However, Saturday's Associated Press article concerning the credit crunch and how it's impacting the mortgage market could be the worst example of economic and…

Leave it to resident CNBC loose cannon Jim Cramer to take it upon himself to call a spade a spade or a red a red. Cramer, host of the CNBC’s “Mad Money” called liberal Democratic New York State Attorney General Andrew Cuomo as “communist” on CNBC’s November 7 “Street Signs.” “[W]itness the fact that right now, the most important man in America for the stock market – the most important man and…

It has been regularly reported by NewsBusters that media are doing everything in their power to withhold from the public the financial ramifications of global warming alarmism. Be it the marketing of totally useless carbon offsets, or proposals for additional taxes on consumers and corporations, press outlets have been seemingly coordinated in their silence regarding such matters. Another…