Another Frightening Show About the Economy

I have not yet listened to Another Frightening Show About the Economy from This American Life. Since it is from the guys that brought us The Giant Pool of Money (the excellent show about the housing crisis), I have very high hopes. Give it a listen if you want to learn about the credit market …

One wave of Henry’s magic wand and debt disappears

Quoth the AP: Wall Street rallied in a stunning late-session turnaround Thursday, shooting higher and hurtling the Dow Jones industrials up 400 points following a report that the federal government might create an entity to absorb banks’ bad debt. The report also cooled investors’ fervor for safe investments like government debt that were in demand …