Common Sense
Ron Paul talks some common sense to Ben Bernanke in the July Financial Services Hearing.
Recession
Recession? Recovery? Despression! Oh My
It seems Wall Street, more than American citizens, are quick to claim that we are having a recovery. Are you kidding? Are they getting that fact from the still low but increasing Dow? Last time I checked, the Dow was never a proper indicator of a recession recovery. In fact, I remember a multiple choice [...]
Purchasing Democracy
Europe continues to battle its continuing recession. Greece has been hit the worst and is going to receive large billions of “bailout” euros. However, the EU Chief warns that “democracy could disappear” for Greece, Spain, and Portugal. The rest of Europe and the US are not immune from the economic pandemic. As governments purchase up [...]
Watch Out
As the Christmas month begins, signs tell us that the road will be rougher. Although the job losses slowed down, we still have to wait for sufficient job creation for recovery could take place. However, firms are delaying employing workers until they are confident enough of recovery. So, what should we really hold our fire [...]
Passage of Pressure
The slow process of foreclosure prevention forces the White house to pass on the burden to mortgage industry. Particularly, the companies that do not give sufficient aid to borrowers at the peak of loosing home. This will begin through monitoring companies’ work and call for two reports daily in their progress by launching in three [...]
Economy Down, Deficit Up
The beginning of a fiscal budget year sets off contradicting the anticipated deficit of $ 150 billion for October. The last month had a $26.36 billion budget gap, which was higher than expected. Following, the Treasury Department reported a $1.42 trillion budget gap for the 2009 budget year which was higher than the previous year [...]