Main Street 9

President Bush and Treasury Secretary Henry Paulson on Friday outlined a series of far-reaching steps – likely to cost hundreds of billions of dollars – aimed at stemming a widening financial crisis that is roiling the financial markets and undermining confidence in the banking system. “We must act now to protect our nation’s economic health [...]

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Investors looking for a silver lining to the weak jobs picture in the United States should consider this: the recent rise in unemployment may move the U.S. further away from the danger of stagflation. At least that will be the case if the historical relationship between the jobless rate and inflation holds up. It suggests [...]

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