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  • Economist Robert Frank discovers a Ph.D-powered economic perpetual motion machine. Mark Steyn explains: "The stimulus will work because enough economists are saying it will work that their prestigious postnominal credentials will impress enough of the masses into thinking it will work, which in turn will make it work." (via)  [View news story]
    for your info, we used a stimulus years ago in Italy and it worked.

    that said, stimulus or not, things will improve, it's about life habit and psychology. Young generations (and also not so young) are not used to excessive saving and sacrifice, and their head is brainwashed by advertising (too often, also ours is). This will not be changed quickly. Sooner or later TV and news will stop refraining about the crisis (and maybe we are already accustomed and bored about this refrain) and things will return to normality. Not to mention hyper-populated Countries that still have to reach our "normality" - they are 30 years or more behind us. Lots of consumers and things to be sold.

    so soon we will be concerned again about resource scarcity and earth and nature conservation...
    I believe that at least this crash is an opportunity to realign us with the health of our planet: this is a good thing, as in spite of any exceptional effort, this will be a long process and will require hard work.

    When GM / dinosaurs extinguish, better things come, that's not a news on planet Earth. So be prudent and provident for the worst, but work and prepare for the better.
    Jul 08 15:13 pm |Rating: +1 -1 |Link to Comment
  • Europe continues to resist economic stimulus, claiming social safety nets automatically provide the spending programs that the U.S. has to legislate. Some economists say Europe's version is getting more traction.  [View news story]
    Being an European, the problem is that (at least here) the money actually does not go directly to the workers. Most of the money got sucked by the apparatus that is something really inefficient (well excluding north states such as Finland, Sweden, Norway) and so it never reaches the worker.
    So both solutions are almost identically inefficient. However, regrettably, that's how real world works. Most of the things we use all the day are inefficient. So, at the end of the story, solution 1, solution 2, or a mix, it will work. After all, we live in a fortunate century, and we have technologies and medicines that our grand parents would have dreamed of. With imagination and hard work we will solve also this issue.
    Mar 27 11:51 am |Rating: +1 0 |Link to Comment
  • Xethanol: Just When it Seemed Things Were Looking Up... [View article]
    Hummm.... I have read all the several Class Action press releases, and none of them have a lead plaintiff...
    The guy owner of that web site blog says he invested more than $1M by selling short XNL securities. Also on the blog he claims (or claimed, maybe now he deleted this) to have contacted a lawyer.
    Now, to send out a press release does not cost so much. I am not saying that there are connections, but the costs to deposit a class action and to send a press release are very low compared by the volume of XNL securites exchanged every day.
    From what I can find, XNL elected on the board Mr. Behrens, an Official for the American Stock Exchange: I know this can not be a guarantee for good results, but I trust it could be for compliance with the law.
    Also, they recently dedicated a new plant in Augusta, Georgia:

    biz.yahoo.com/bw/06083...
    with the Augusta Mayor:

    www.wrdw.com/politics/...
    In case this is fake, it is really good.
    Of course some more action from XNL would be welcome, but maybe they don't want to advertise Sharesleuth more.
    Oct 30 16:55 pm |Rating: 0 0 |Link to Comment
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