Is the U.S. Dollar the Fed's Next Weapon? [View article]
the u.s. economy is hardly competitive and a net importer. devaluing the dollar will simply increase the pressure on the domestic consumers. i tend to think it will be a devaluation as a byproduct of past policy decisions than a devaluation per se.
As GM Goes, So Goes the Nation (Part 2) [View article]
James, my only objection is the CBO budget deficit table: the newest projection is for 1.7 trillion in 2009, 1.3 trillion in 2010, and 1 trillion in 2011. and if those numbers are not quite optimistic, the senate will not approve the budgets at all.
Russia: On the Brink of Defaulting Again? [View article]
russian oil and are NOT sold at any exchange market prices, but according to a furmula that takes into consideration the cost of many alternative energy sources such as coal, nuclear fuel etc., then is smoothed out over 6 months.
What Does Annual Real GDP Growth Teach Us? [View article]
in short: it teaches nothing. since GDP numbers include government spending financed through debt as well (aka budget deficit) it makes no sense to look at GDP. zimbabwe has triple digit GDP growth (adjusted for inflation) yet they are not the envy of the world.
the folly in this B**LS*** is that jobs are not created and destroyed, simply people are replaced. it is very hard to believe 1/3 of all employed change the nature of what they are doing for a living. and then you have the small business birth/death model that adds more B**LS*** to the picture.
Take a Stand Against Government Spending [View article]
A stimulus package CANNOT stimulate the economy. Just look at the GDP composition by sector and you will come clearly to the same realization: 20% share of healthcare that is funded by employees of all other industries; 20% financial services; 17% industry; There are big non productive pockets that cannot be stimulated in any way: they live off the ability to borrow from abroad. So forget about JM Keynes and government spending as the way out.
to whom should banks lend to? the deadbeats on the line after the ones that comprise the sub-prime sector? should we all them sub-sub-prime? or maybe soon-to-be-sub-prime?
how can banks lend when warned to tighten lending standards and loosen up credit at the same time?
would you lend cash to your poor neighbor with big mortgage and car leases who just lost his job?
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Latest | Highest ratedIs the U.S. Dollar the Fed's Next Weapon? [View article]
As GM Goes, So Goes the Nation (Part 2) [View article]
my only objection is the CBO budget deficit table: the newest projection is for 1.7 trillion in 2009, 1.3 trillion in 2010, and 1 trillion in 2011.
and if those numbers are not quite optimistic, the senate will not approve the budgets at all.
New York Fed's Model Predicts End of Recession in 2009 [View article]
Russia: On the Brink of Defaulting Again? [View article]
Russia: On the Brink of Defaulting Again? [View article]
What Does Annual Real GDP Growth Teach Us? [View article]
since GDP numbers include government spending financed through debt as well (aka budget deficit) it makes no sense to look at GDP.
zimbabwe has triple digit GDP growth (adjusted for inflation) yet they are not the envy of the world.
The Bias in Reporting Job Losses [View article]
and then you have the small business birth/death model that adds more B**LS*** to the picture.
Is America on a Downward Slope? [View article]
this is the sad history of fiat money on the land of the free, home of the brave. if anything could be learnt from history is that it repeats.
Own Gold? Time to Fold [View article]
if you 'learnt' alot of things from comments, it means you are writing unprepared.
Citi: At the Very Least a Three Time Loser [View article]
Take a Stand Against Government Spending [View article]
20% share of healthcare that is funded by employees of all other industries;
20% financial services;
17% industry;
There are big non productive pockets that cannot be stimulated in any way: they live off the ability to borrow from abroad. So forget about JM Keynes and government spending as the way out.
Has Hank Paulson Been a Good Treasury Secretary? [View article]
General Electric: Genuine Risk of Collapse? [View article]
Hulu to Match YouTube's Revenues: Ten Observations on the Future of Media [View article]
The Next Crisis Is on the Horizon [View article]
how can banks lend when warned to tighten lending standards and loosen up credit at the same time?
would you lend cash to your poor neighbor with big mortgage and car leases who just lost his job?