And Bernanke Didn't Think Unemployment Would Reach 10% [View article]
Our problem(USA) is really our weak position as a producer of goods. We still lead the world in producing financial derivatives, pro football stars, making good movies and TV sitcoms, great weapons for Defense and other equally important things. But, other than those few leadership items, we fall woefully short. We need to get back into some form of manufacturing role in the world, and, instead of saying we're in the post industrial state, we need to start thinking of how to get out of it. When the dollar tanks, those $ 15 shoes from Walmart are going to $ 20-25, because China will have to play the game and revalue regardless of their dollar reserve position. We've become second rate and the world is beginning to smell it. What's the plan to get back into manufacturing aside from military goods? It'll take more than PV panels - China's already moved into a better position than the USA and Germany on that note and they started late. We need more politicians with a technical and management talent than the rhetoric repeaters we have now. Any way to resurrect Henry F.?
The Difference Between TARP and TALF [View article]
We've come a long way from junk bonds to junk industries - banking, insurance and financial services. We need to give up control of these poorly managed companies to foreigners with the reserves to buy them up (if we can persuade them to buy). Perhaps they can improve management at all levels by removing the existing regimes and starting with a fresh set of agendas.
And Bernanke Didn't Think Unemployment Would Reach 10% [View article]
The Difference Between TARP and TALF [View article]