Interview with Kurt Richebacher (tags)
"The dangers that loom on the currency front are immense. The US trade deficit and the accumulated foreign indebtedness have reached a scale that defies any possible action by central banks." Dr. Richebacher is a former economist of the Dresden Bank.
Wages up for the well-off, but not for others (tags)
The gap between workers in the 90th earning percentile and the 10th has never been wider. Said Ann Owen, economist at Hamilton College (NY) and former Federal Reserve economist (DC), "we can probably project a future growth in inequality."