Archives for the ‘Economics’ Category

Faith based electrons

I’m just about through with the people in Washington, D.C. and all those who share their mentality.
Frankly, my dear, I no longer give a damn. My short term goals are to keep putting food on the table and gas in the tank so I can get to and from work. My long term goals are [...]

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Hundreds of banks will fail, Roubini tells Barron’s

If hundreds of banks are going to fail, we need to be asking why. Who is responsible?
NEW YORK, Aug 3 (Reuters) - The United States is in the second inning of a recession that will last for at least 18 months and help kill off hundreds of banks, influential economist and New York University Professor [...]

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Are you ready for Obamanomics?

The Wall Street Journal complains that Barack Obama is economically ignorant. I completely agree.

What if I told you that a prominent global political figure in recent months has proposed: abrogating key features of his government’s contracts with energy companies; unilaterally renegotiating his country’s international economic treaties; dramatically raising marginal tax rates on the “rich” to [...]

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Bank of America beats expectations but some analysts worry

The global banking crisis continues but should we really be worrying about doom and gloom? Not according to Bank of America Chief Executive Kenneth Lewis.
Bank of America (BAC) Chairman and Chief Executive Kenneth Lewis strongly believes that his bank, the largest in the U.S., is successfully navigating the credit crisis.
However, not everyone buys Lewis’ story, [...]

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Fannie Mae, Freddie Mac: Investors Flee

The fit is just beginning to hit the shan. Two pseudo-private companies, Freddie Mac and Fannie Mae, are wobbling a bit. Teetering a little. Standing on the brink and realizing the drop is pretty far. Washington is in a tizzy. This is what happens when you have a monetary system that is faith based. Fiat [...]

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