don scott's (luckyblog) Blog

The current stock market rally today is based on talk that an economic recovery will begin in the last half of 2009 or the beginning of 2010. There is also the opinion that government leaders should talk up optimism to restore consumer confidence. Actually what will probably occur is a further dr...

The Federal Reserve oversees most US banks and has been in the fore in bailing out insolvent banks. In essence, the Federal Reserve has been the "Bad Bank" by accepting toxic bank assets. So when president Obama indicates that he will set up a "bad bank" that indicates a Federal Reserve "NO MAS" ...