If the consumer credit party is over, is it possible for businesses to grow, and prosper? Not now, when consumers stop consuming, the economy stop growing.If consumers don't borrow, the consumer economy won't...
Obama & Hillary Clinton to face runoff on Nov 7 in Afghanistan Presidential Election
James Carvel a well known Democrat Political strategist, very close to Clintons & Rahm Emanuel the WH Chief of Staff has won the 2nd round on behalf of...
created by makkardave | 3 wks ago | updated 3 wks ago 50 views | 10 recommendations | 2 comments
Larry Summers (Director of the White House Economic Counsel) made his reputation as an employment theorist, he says: “I thought if you could have areas where there was long-term substantial unemployment, then...
To be more precise on this subject: Large government deficits choke off the very investment that is needed to create jobs. Intervention by the government in doing well to many people, consequently -maybe...
"Still on the job, at half the pay," is a headline in The New York Times. It tells the story of an airline pilot whose position has been downgraded and whose pay has been cut in half. The fellow is now earning...
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...
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...
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...
“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...
Electric cars already were developed about 100 years ago, and were abandoned because of the limitation of energy that could be stored. Again this time Electric Cars are dead on re-arrival - unless those have at...
As economies age, more and more people 'stop productive working.' That is, they get some special privilege, some inside point of view, some conniving advantage. The latest numbers, for example, tell that almost...
It is the battle between the forces of inflation, envisioned by the feds and the forces of deflation that rein in the MarketBattles normally do have clear winners. One side is master of the field and the other...
News of greater-than-expected job cuts at Opel and general jitters about the state of the auto industry were felt at the recent Frankfurt Auto Show, Sept. 17 - Sept. 27. While the shape of the auto industry's...
One thing has become clear with this financial crisis, trees don’t grow into heaven in other words any growth has its limitation. The question arises whether economic growth the so-called GDP increases year on...
Equal as former President George W. Bush declared, "Mission accomplished" in Iraq, on May 1st, 2003, now six years later there still is no clear end in sight.And again history is repeating itself, as Big Ben...