U.S. Economy
I couldn't let the U.S. Department of Labor's recently reported August employment numbers go without comment. Especially since most analysts and economists see the employment numbers as good economic news, while I see them as just the opposite. The Labor Department reported Friday that 144,000 jobs were created…
The following are not my words, but recent statements from Roger Ferguson, vice-chairman of the U.S. Federal Reserve and the much-touted eventual replacement of Alan Greenspan: "Clearly, some households have become burdened with excessive debt and may have considerable financial stress should their income become disrupted." "One cannot…