For decades, William Isaac’s insights on the U.S. financial system have been featured in leading news publications. Now, you can browse them all in one location.

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in leading business publications

Economic Cycle Research Institute Says U.S. Recession Is Just Around the Corner

Economic Cycle Research Institute Says U.S. Recession Is Just Around the Corner

February 28, 2012

I believe you will find the interview of Lakshman Achuthan on CNBC on February 24, 2012 both interesting and important. Mr. Achuthan is co-founder of the Economic Cycle Research Institute and he forecasts a recession in the U.S. beginning roughly mid-year 2012. Listen to the interview through the link below — it’s worth your time.

Here is the link to the interview.

 

 

The Chart That Obama & Geithner Should Be Ashamed Of

The Chart That Obama & Geithner Should Be Ashamed Of

February 21, 2012

Everyone, with the possible exception of President Obama, knows that the number one threat to our nation’s future is the massive federal debt burden. I provide a link below to a brief article in Business Insider by James Pethokoukis of the American Enterprise Institute. I urge you to take a few minutes to look at the article, particularly the chart at the end.

Here is the link to the article.

 

Dr. Lacy Hunt on the Roadblock to Recovery

Dr. Lacy Hunt on the Roadblock to Recovery

February 16, 2012

Dr. Lacy Hunt is executive vice president of Texas-based Hoisington Investment Management. He is an internationally-known economist and author. He served for 14 years as the chief U.S. economist for HSBC Group, one of the world’s largest banking companies. Dr. Hunt did an interview with Robert Huebscher of Advisor Perspectives on January 26, 2012 on the roadblocks to economic recovery in the U.S. This interview is one of the most important discussions of the economy and current fiscal and monetary policies I have come across. I highly recommend it to you.

Here is the link to the article.

Dependency Index Surges 23% Under President Obama According to Heritage Foundation Study, February 10, 2012

Dependency Index Surges 23% Under President Obama According to Heritage Foundation Study, February 10, 2012

February 11, 2012

We are facing an enormous fiscal crisis in the US and a study by the Heritage Foundation tells us why. Only half of Americans paid income taxes in 2009 compared to 88 percent in the late 1960s. Some 67 million Americans are now dependent on government programs such as housing, health, welfare, education subsidies and food stamps. The government dependency index (developed by Heritage) stood at 19 in 1962, 100 in 1980, and 294 in 2010. Spending on “dependence programs” now consumes more than 70 percent of the federal budget, up from under 50 percent in 1990 and 25 percent in 1962.

Click on the link below for a report on the Heritage Foundation study as reported by Investors Business Daily.

Link to full article here

The Fed Gives Its Elastic Currency Mandate a Stretch by Alex Pollock, a Resident Fellow at the American Enterprise Institute, December 1, 2011

The Fed Gives Its Elastic Currency Mandate a Stretch by Alex Pollock, a Resident Fellow at the American Enterprise Institute, December 1, 2011

December 8, 2011

Alex Pollock, a Resident Fellow at the American Enterprise Institute, wrote a very thought-provoking piece in the December 1, 2011 issue of the American Banker on the appropriate mission of the Federal Reserve and how the Federal Reserve has become intertwined with the US Treasury and Fannie Mae and Freddie Mac.  I encourage you to read Alex’s commentary and draw your own conclusions about where our nation stands today.  The link to Alex’s article is below.

Link to full article here

 

Class Warfare Hurts Economic Growth by David Malpass, Forbes magazine December 5, 2011.

Class Warfare Hurts Economic Growth by David Malpass, Forbes magazine December 5, 2011.

November 22, 2011

Class Warfare Hurts Economic Growth by David Malpass, Forbes magazine December 5, 2011.

David Malpass, global economist and President of Encima Global, LLC has published this very thoughtful article on President Obama’s attempts to incite class warfare in the U.S.
 

With the deterioration in the U.S. economy the rich-versus-poor income disparity has become a rallying cry for dissent, with bigger government the goal. This often happens when unemployment is high, but the divisiveness this time is deeper and angrier. The policy issue is whether our goal as a society should be higher incomes for all or less disparity between incomes–countries almost never achieve both.

Link to full article here


A Little Inflation Can Be a Dangerous Thing by Paul A. Volcker, Published by the New York Times on September 19, 2011

A Little Inflation Can Be a Dangerous Thing by Paul A. Volcker, Published by the New York Times on September 19, 2011

September 19, 2011

It was my honor to serve at the FDIC during most of Paul Volcker’s tenure as Chairman of the Federal Reserve.  Paul’s tenure was one of the most difficult in Fed history, as he struggled to bring inflation under control and create a strong, stable dollar.  Interest rates rose to 21.5 percent sending shock waves throughout the economy and financial system.  It was painful to say the least.  Paul’s op-ed piece in the New York Times on the dangers of inflation is must reading.  Link to the full article.

Fraud: ‘A Serious Problem’, Ex-FDIC Head on Banks, Economy with Tracy Kitten, Managing Editor of Bank Info Security News, Part Two, August 26, 2011

Fraud: ‘A Serious Problem’, Ex-FDIC Head on Banks, Economy with Tracy Kitten, Managing Editor of Bank Info Security News, Part Two, August 26, 2011

August 29, 2011

Fraud is a global concern, and an area regulators and financial institutions the world-over are watching closely, says Bill Isaac. Whether a cyberthreat or mortgage fraud, investments in fraud prevention will continue, despite the state of the international economy.

“It’s hard to over-invest in fraud prevention,” says Isaac, author of “Senseless Panic: How Washington Failed America” and senior managing director and global head of financial institutions for FTI Consulting. “I think that spending will continue, if the banks are smart, and they are.”

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What’s B of A’s problem now? by Michael Brush of MSN Money on August 23, 2011

What’s B of A’s problem now? by Michael Brush of MSN Money on August 23, 2011

August 25, 2011

Just 3 years after the bailouts, the biggest US banks are seeing their stocks dive anew. Are they still sick, or are they good buys in a struggling market?

Even if you can barely stand to watch the market these days, you’ve probably noticed that Bank of America (BAC +12.30%news) has been getting pounded like it’s 2008 again. Rival giants Citigroup (C +2.99%news) and JPMorgan Chase (JPM +0.70%news) are falling as well, along with a lot of other financial-sector stocks.

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