“”The high degree of financial stress and the high degree of uncertainty all weigh against a speedy recovery in job creation,” the Washington Post quoted the IMF as saying.” “Unemployment in industrialized countries will likely remain high this year and next, and central banks should keep interest rates low, the International Monetary Fund said Wednesday. [...]
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“Greenspan, as the macro economic parent of the US Fed’s basic approach, is the most easily visible part of the history. He’s not the sole agent, however, of a culture which was basically raised to steal and misrepresent assets” — Paul Wallis This is all so ridiculous! Most of these people grilling Greenspan don’t even [...]
“don’t forget the difference between U3 (steady at 9.7%), U6 (rose to 16.9%) or even John Williams’ SGS Alternate, which presumable has stayed near 22%. + 162,000 may be the best number in three years” Statistics rarely show the truth of reality. They can be twisted and manipulated as however the person using them wants. [...]
“”By working and knowing it wasn’t steady, and it wasn’t going to last long, I cut my own throat,” said Krawiec, 60, of Plainville.’ Unemployment benefit extensions are nice, but to the unemployed it offers little hope, what they would like to hear is how the government is going to restore the jobs that the [...]
The longer the government continues to distort the underlying economics of the real estate market, the longer it will take for the sector to heal itself – and the longer the sickness will infect the broader economy. The United States is in a very precarious situation. Obamarama needs the Fed to print up another 1.9 [...]
The key driver for state bankruptcy and currency collapse is the amount a country owes or is liable to foreigners The only reason that people who work for a living support a government is that they expect their government who collect a percentage of their incomes through payroll deductions expect their government to provide them [...]
“Who thinks they’re entitled to medical treatment that somebody else should pay for? Who Pays? Government? Where do they get the money? The government is already stiffing the doctors on Medicare patients- Who will continue to work without being paid? It’s a downward spiral gaining momentum. ” — Politico Commenter One thing needs clarification. Why [...]
“The Federal Reserve in collaboration with the giant banks has created the greatest financial crisis the world has ever seen. The foolish notion that unlimited amounts of money and credit created out of thin air can provide sustainable economic growth has delivered this crisis to us.” This is just inflating the mother of all bubbles, [...]
“The FDIC is constantly looking at structures where we can get the greatest opportunity to tap into capital that we have not had the success reaching through previous disposition methods,” FDIC spokeswoman Michele Heller said in an e-mailed statement. “We welcome and work with all investors.” It should be very very obvious that all future [...]
A small group of U.S. lawmakers planned to offer legislation Thursday to withdraw from the North American Free Trade Agreement in the latest sign of congressional disillusionment with free-trade deals. Our inability as a Nation to compete with Asian companies really has nothing to do with the salaries of the workers but has much more [...]
“At least once a week, you hear some Wall Streeter exulting that manufacturing is showing signs of recovery. What he doesn’t tell you is that manufacturing is less than 10 percent of the economy. He won’t mention that sickly consumer-related activity is 75 percent.” Does anyone think the standard of living that Western societies have [...]
They did it! The government of your nation did it! They just turned their backs on over a million people on unemployment and denied the extensions! Congress, in the most nefarious and pernicious move seen since “post economic collapse period,” has walked away, went home for the weekend and did not extend unemployment benefits to [...]
“Right now, the 1.2 million workers who will lose benefits in March are being held hostage by partisan attempts to delay and block this critical legislation,” said Christine Owens, executive director of the National Employment Law Project. Jobless benefits start ending on Sunday NEW YORK (CNNMoney.com) — Depending on extended unemployment benefits to see you [...]
“If we don’t do it, you know this whole city is going to go down. I’m hopeful people will understand that,” Bing said. “If we can incentivize some of those folks that are in those desolate areas, they can get a better situation.” Detroit Mayor Bing emphasizes need to shrink city Mayor says it’s not [...]
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