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Government’s Cozy Intervention
Many think that Government’s intervention in the market is acceptable, but to how far and which manner? There is no doubt that intervention works, seen the news. Goldman Sachs and AIG are paying out bonuses... The Consumer Economy is over
Bloomberg reports “retails sales fell 2.1% in September - the biggest decrease this year.”This means that the "Era of Saving" has begun and that consumers are cutting back on everything that not really is... 511 views | 68 recommendations | 14 comments
Obama proposes one time payment to SS Recipients-stagnant economy
Due to the down turn in the economy, there will be no Cost of Living Allowance (COLA) this year for Social Security recipients. President Obama tried to preempt an announcement that there would be no increase for the first time in three decades. He encouraged...
created by Karl Gotthardt - albertacowpoke | 3 years ago | updated 3 years ago
341 views | 34 recommendations | 7 comments
341 views | 34 recommendations | 7 comments
The Bigger the Bubble the Greater the Bust
It is becoming clearer by the day that the feds' efforts aren't really working. They can give money to their friends in the banking industry. They can give money to speculators who then make bets on the stock... 462 views | 71 recommendations | 19 comments
U.S. Rep. Robert Wexler (D-FL) to Resign
"Rumors have been flying around the Florida political world since around 8:00 p.m. this evening that the controversial hard hitting liberal, Congressman Robert Wexler, was going to resign. Around 10:30...
created by Albert Milliron | 3 years ago | updated 3 years ago
495 views | 34 recommendations | 7 comments
495 views | 34 recommendations | 7 comments
The Status of the U.S. Economy
Once upon a time earnings were a reliable performance measure to judge a company’s financial health, whether being good or poor. It helped to make proper business decisions.If the company was making money, it was... When Ends the Recession?
Answer: the recession ends when its work is done. This implicates that the mistakes made in the past must have been corrected before the recovery process is finished. The bubble economy must have been destroyed and... A Wise Lesson From the Past
For 40,000 years - maybe longer - our ancestors have walked the very earth. They lived. They died. What did they know? Scientists say they were as smart as we are. What did they talk about? What did they think... 417 views | 44 recommendations | 13 comments
Nobel Peace Prize winner kills US Dollar
Ironically the winner of this year’s Nobel Price for the Peace, Barack Obama also had a totally different mission in mind; killing the US dollar. Of course, Obama and his financial ministers will always... 1590 views | 48 recommendations | 29 comments
Stephen Harper Says No to Tax Hikes
Stephen Harper announced in a news conference in Welland, Ontario that he won't hike taxes or cut spending to deal with Canada's ballooning debt. He says that Canada is on track to balance the federal budget by 2016.Opposition to Harper, such as the NDP, point out that...
created by Frank Liao | 3 years ago | updated 3 years ago
105 views | 14 recommendations | 3 comments
105 views | 14 recommendations | 3 comments
Small Business the Rescuer of the Economy
Watch out, the greenback is going be grilled, here’s what Nouriel Roubini recently wrote in The New York Times: “We may now be entering the Asian century, dominated by a rising... 163 views | 4 recommendations | 2 comments
Government is lying to you
In his comment yesterday on ‘Economic Cycle has Turned’, nanute wrote:“My biggest complaint with the current approach by the US Fed, and by extension, the Obama Administration is that there is not enough of a... Economic Cycle has Turned
During the great credit expansion of 1945-2007, businesses could anticipate, generally, rising earnings. People were buying more and more things on credit. In a national economy, businesses pay wages and then the... Free Milk - Farmers On Strike
Those two epigraphs were written on signs at the European roadside. The story behind these signs has a depression-era like black and white film recollection, showing similar scenes at that time. Newsreels from the... Fake Recovery through Cash for Clunkers
“US economic power is declining as a result of the financial crisis,” said the head of the World Bank Robert Zoellick. And continued saying: "One of the legacies of this crisis may be a recognition of changed... Top Members Today
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