"Ladies and gentlemen, the recession is definitely over," Airbus (EADSF.PK) sales chief John Leahy gushes after wrapping up the Farnborough Airshow and winning 130 contracts worth $13B. Combined with Boeing's (BA) 107 orders worth $10B+ to amass more than three times the number a year ago, some execs declare the global slump over. [View news story]
The "Work for wellfare" program ended in September 2004, under the Bush administration. Please check your facts before trying to mislead readers of this thread.
There are no jobs. We're in a recession. These are temporary measures that are small cost relative to the size of our long-term fiscal deficit. Even if these people wanted jobs, they couldn't find them. This isn't a free hand-out. It's a social safety net that is totally appropriate given the context of this recession and the jobs situation. Most, if not all, serious economists are in support of extending jobless benefits. Only ideological and disingenuous politicians are against it.
"Ladies and gentlemen, the recession is definitely over," Airbus (EADSF.PK) sales chief John Leahy gushes after wrapping up the Farnborough Airshow and winning 130 contracts worth $13B. Combined with Boeing's (BA) 107 orders worth $10B+ to amass more than three times the number a year ago, some execs declare the global slump over. [View news story]
Yes, providing people with a temporary $300 a week paycheck during the worst recession in 60 years will surely incentivize them to stay unemployed forever and vote Democratic.
Niall Ferguson reiterates his worry over an "inevitable" U.S. debt crisis, but he says the "big mystery" right now is why the Fed is so "inactive" in the face of potential deflation and a contraction of money supply. This represents a grave danger, he says, and it's shocking that Bernanke hasn't already begun more aggressive quantitative easing. [View news story]
The money "created" by the fed (which, by the way, can be soaked out of the system whenever the economy starts growing again) is only replacing money being taken out of the system by banks who are reducing lending. The money supply is actually falling, not growing.
Niall Ferguson reiterates his worry over an "inevitable" U.S. debt crisis, but he says the "big mystery" right now is why the Fed is so "inactive" in the face of potential deflation and a contraction of money supply. This represents a grave danger, he says, and it's shocking that Bernanke hasn't already begun more aggressive quantitative easing. [View news story]
It doesn't. 99% of the people who comment on SA message boards don't understand economics. They only regurgitate political talking points.
'It' is already here, Paul Krugman says in reference to Bernanke's famous 2002 sermon on the dangers of deflation. By one measure we've already dipped into the red - but no matter the yardstick, he argues the trajectory is incontrovertibly to the downside. [View news story]
deflation slows down economic activity and can therefore drive companies into bankruptcy and increase unemployment. it hurts everyone, savers and debtors alike, only in different ways. but it hurts both seriously.
That's a very reasonable concern. It just seems like a lot of the people on this board are quick to throw out conspiratorial accusations (e.g. world government, world currency, etc...) even if they are irrelevant in the context of this news story. The IMF's policy analysis is quite good and any educated, informed person in this business should read their analyses and understand their thought process. Disagreeing with the IMF's recommendations is much different than labeling mere recommendations and analysis as "dictates".
I think it's funny how people like "Angel Martin" think it's relevant to post a link to a new article from 1999 about a sex scandal at the IMF. It's ridiculous.
I work with IMF economists regularly and I really think they are hard-working people with great intentions. They work with the information they have and many times people don't like to hear the blunt policy advise they have to give. I don't think they base their recommendations on purely political and ideological views, like the people on this thread seem to think.
The IMF's role is to make policy recommendations (yes, recommendations). Nobody's "dictating" policy. This has nothing to do with "one world government" or replacing the dollar as the reserve currency. It's just the recommendation of well-intentioned economists who are not blinded by political ideology, like most of the ridiculous people on this message board.
Central banks are selling gold at a record rate, taking advantage of the precious metal's historically high value to raise cash. "A little-noticed data point at the back of a 216-page report released last week by the BIS shows the international agency has taken 349 metric tons of gold since December - allowing central banks to raise a record $14B." [View news story]
These are gold swaps, not sales. The summary of the WSJ story is misleading.
"Ladies and gentlemen, the recession is definitely over," Airbus (EADSF.PK) sales chief John Leahy gushes after wrapping up the Farnborough Airshow and winning 130 contracts worth $13B. Combined with Boeing's (BA) 107 orders worth $10B+ to amass more than three times the number a year ago, some execs declare the global slump over. [View news story]
en.wikipedia.org/wiki/...
There are no jobs. We're in a recession. These are temporary measures that are small cost relative to the size of our long-term fiscal deficit. Even if these people wanted jobs, they couldn't find them. This isn't a free hand-out. It's a social safety net that is totally appropriate given the context of this recession and the jobs situation. Most, if not all, serious economists are in support of extending jobless benefits. Only ideological and disingenuous politicians are against it.
"Ladies and gentlemen, the recession is definitely over," Airbus (EADSF.PK) sales chief John Leahy gushes after wrapping up the Farnborough Airshow and winning 130 contracts worth $13B. Combined with Boeing's (BA) 107 orders worth $10B+ to amass more than three times the number a year ago, some execs declare the global slump over. [View news story]
Niall Ferguson reiterates his worry over an "inevitable" U.S. debt crisis, but he says the "big mystery" right now is why the Fed is so "inactive" in the face of potential deflation and a contraction of money supply. This represents a grave danger, he says, and it's shocking that Bernanke hasn't already begun more aggressive quantitative easing. [View news story]
Niall Ferguson reiterates his worry over an "inevitable" U.S. debt crisis, but he says the "big mystery" right now is why the Fed is so "inactive" in the face of potential deflation and a contraction of money supply. This represents a grave danger, he says, and it's shocking that Bernanke hasn't already begun more aggressive quantitative easing. [View news story]
'It' is already here, Paul Krugman says in reference to Bernanke's famous 2002 sermon on the dangers of deflation. By one measure we've already dipped into the red - but no matter the yardstick, he argues the trajectory is incontrovertibly to the downside. [View news story]
And as the IMF turns its attention to the U.S., it wants the administration to raise taxes and consider cutting Social Security benefits to cut the deficit by 8% of GDP. After 3.3% U.S. growth this year, the IMF sees growth not cresting 3% for the next five years. (earlier) [View news story]
I think it's funny how people like "Angel Martin" think it's relevant to post a link to a new article from 1999 about a sex scandal at the IMF. It's ridiculous.
And as the IMF turns its attention to the U.S., it wants the administration to raise taxes and consider cutting Social Security benefits to cut the deficit by 8% of GDP. After 3.3% U.S. growth this year, the IMF sees growth not cresting 3% for the next five years. (earlier) [View news story]
And as the IMF turns its attention to the U.S., it wants the administration to raise taxes and consider cutting Social Security benefits to cut the deficit by 8% of GDP. After 3.3% U.S. growth this year, the IMF sees growth not cresting 3% for the next five years. (earlier) [View news story]
Central banks are selling gold at a record rate, taking advantage of the precious metal's historically high value to raise cash. "A little-noticed data point at the back of a 216-page report released last week by the BIS shows the international agency has taken 349 metric tons of gold since December - allowing central banks to raise a record $14B." [View news story]