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Recovery.gov

By now, you’ve probably heard some or all of these phrases: frozen credit markets, mortgage backed securities, collateralized debt obligations, credit default swaps. But just what the heck do they mean? How did we get into this global economic mess anyway? Well, I’m in no mood to try to explain it to you myself, especially [...]

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As web searches have recently shown, Americans are very worried about the economy. So it wasn’t a moment too soon that the Obama administration announced the launch of Recovery.gov. A week later, he also mentioned it in a widely syndicated speech, so I’m guessing thousands of Americans are now logging onto the site to see [...]

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