It's a fast track, and mutual funds have pulled away from the pack in the race for our investment dollars. Part of the surge can be explained by commercial banks' entry into a race they've previously been shut out of.
Ross Perot thinks so. So do a host of government officials, including Bill Clinton. Talk to an economist, though, and you might get an opposing view.
Adam M. Zaretsky
As the rivers recede, damage estimates are pouring in. But preliminary estimates seldom capture the full extent of a natural disaster.
Keep up with what’s new and noteworthy at the St. Louis Fed. Sign up now to have this free monthly e-newsletter emailed to you.