Nouriel Roubini is an economist and has a PhD from Harvard University. He predicted the current economic downturn back in 2006. The video to the left is an interview on the Bloomberg Channel on November 18th wherein he gives his current thoughts as to how bad things are going to get before they turn around. << MORE >>

Conservatives and liberals are close to agreeing on how the economy should work. Both sides need to define their views, compare their beliefs and they will find many similarities. Conservatives believe that the free market is the way to go. They quote Adam Smith when he discussed “rational self interest” and competitive markets << MORE >>

The UAW shares some of the blame, with two other culprits, regarding the problems facing the domestic auto industry. Our politicians and the executives overseeing these large corporations also failed in doing their jobs over the last 40-years. << MORE >>

"A fight is going on inside me," he said to the boy. "It is a terrible fight and it is between two wolves.<< MORE >>

We are at a watershed moment in our economic history. We are in a recession but the way we do business after the recovery will be different from the post-recoveries over the last 70-years.<< MORE >>

The stock market lost $8-trillion in the last 16-months; $4-trillion of it was lost within the last 30-days. Panic selling caused some of it along with the market adjusting to a new economic reality.<< MORE >>

It is going to take at least 5-years to repair the damage done to the economy because of our excesses over the past 8-years. Too many homes were added to our housing supply because of easy credit granted to consumers who could not afford the home they were buying. Now because foreclosures resulting from poor credit decisions, we have an excess supply of homes on the market that has, and will continue to, put downward pressure on home prices. This trend will last for at least 5-years. << MORE >>

When Adam Smith talked about “rational self interest” and competitive markets he envisioned many consumers interested in buying goods and services from many producers. This “free market” system would best serve the private and public good. He was not talking about producers, companies, being too big to fail.<< MORE >>

The bailout should slow down the fall in housing prices and this will bring more consumers to the market place looking for homes. The downside is that we have a huge federal deficit that will be a drag on the economy and increase the likelihood of inflation and higher interest rates.<< MORE >>