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The Next Leg of the Crisis: Unavoidable Catastrophe

Ignorance and apathy are problems. The public has been so brainwashed and dumbed down by our poor education system, that is not surprising. I have a slightly different take as to the real problem. It is a leadership problem, a U.S. government leadership problem. There is no intelligent, informed, honest and Nation comes first leadership. It is a self-serving, greedy and get elected or re-elected at any cost and with any promises leadership. An ever growing, ever controlling, over spending and all knowing what is best for you leadership. And it has led us to the brink of bankruptcy and disaster.

U.S. Unemployment: From Bad to Worse

For those who think recovery is just around the corner, that corner is years away. There is nothing, absolutely nothing, to encourage business and job growth. Government growth and spending only makes the current mess even worse.

Unemployment Is Likely to Go Higher

Why anyone would think otherwise indicates he or she has no interest in the truth. And the truth is, the current administration is doing all it can to increase unemployment. If you do not believe that then you are not listening to all the programs, either in place, or about to be in place that will do just that. Such as; new health care bill, cap & trade bill, higher tax bill, higher minimum wage bill, value added tax bill, bills restricting energy increases, huge federal debt increases, and this is just a start. And on the 'plus' side for job growth, a few so-called 'green' jobs that are costly and accomplish little. Wake-up Americans and learn the truth.

This Recession Ain’t Over

Why do writers seldom talk about what it would take to get this economy back on a healthy road? Like a smaller and less intrusive and controlling federal government. Like lower taxes. Like eliminating many rules, regulations and laws that prevent the private sector from doing it's job. It is the private sector that creates new businesses and new jobs. It is the private sector that keeps the government sector afloat. Yet the public sector does all it can to stifle that sector. Makes no sense to me.

This Recession Ain’t Over

This report is confusing to me. Starts out saying recession is not over and provides much data to substantiate this. Then at the end says it is highly unlikely that the recovery will falter in the next few months. Am I missing something?

Ten Reasons for an Imminent Stock Market Crash

At one time the economy and the stock market followed each other fairly closely. Today the economy stinks and may get worse, yet the market just keeps going up. Very strange but not much should surprise anyone these days. Unemployment bad, no new jobs in sight except government which adds nothing to the economy. Bankruptcies up, foreclosures up, incomes down, sales down and yet prices higher in many areas. The world is changing and those citing some unknown event will crash the market are probably right.

The Fed: Rushing for the Exits?

Try again it not successful the first time. I do not think the Fed has a clue as to what it is doing, except following old tried and failed programs, hoping this time for a different result. Additionally, it keeps saying the economy is recovering. Maybe the stock market is up, but with 15 million unemployed and probably going higher, who in their right mind would tout recovery? Only fools, incompetents and liars. Take your pick.

Even with Growth, Markets Have a Long, Hard Road Ahead

How anyone can say, with a straight face, that the recession is over is beyond any intelligent thinking. Almost 15 million individuals are unemployed, many are underemployed, talk in Washington about extending unemployment benefits, a larger, more intrusive and controlling government is in the offering, which in essence, restricts the growth of the job creating private sector. If the current rise in some stocks and stock market indexes is the basis for such optimism, so be it. It is not getting people back to work.

Is a Crash Impending?

Have said this before, what is in the 'wings or behind closed doors' that would create a big turnaround in our Nations economy? What is the current administration doing to accomplish such a positive result? Lower taxes? No new health care nonsense? No Cap & Trade stupidity. No restrictions on drilling, coal, nuclear? No more takeovers and/or restrictions of the private sector? No additional increased gas mileage targets? No additional stimulus packages? As a matter of fact, wherever you turn, whatever you hear or whatever you see, just the opposite is happening. Larger, more intrusive government, higher taxes, additional rules, regs and laws to hamper individuals and private businesses from moving forward. The government is, in my opinion, trying its very best in every way to destroy America.

Why Another Stock Market Collapse Could Be Imminent

Mr. Summers posted another article about the chances of a recovery. Many are thrilled about the current market. Some, no doubt, have made money. But this is a traders market, not an investment market. So what will it take to get us back on the investment cycle? Is there anything on the sidelines that will accomplish this? Cap & Trade? New, expensive health care bill? Continuing high unemployment? Extending unemployment benefits? Higher taxes? Higher gas mileage requirements for trucks and autos? Larger government? Larger national debt and the related interest costs?. Higher interest rates? More government deficit spending budgets? More government controls? More or continued restrictions on increasing 'real' sources of energy? (Some will cite 'green' sources as a benefit but today such are expensive and contribute little to additional energy and little to new businesses and new jobs.) And will continuing to ignore the unfunded future costs of social security, medicare and prescription drugs help recovery? Will ignoring the high costs associated with illegal immigration help? Will ignoring our porous borders help? I posted something like this on Mr. Summers other article, but I do not see any meaningful activities on the sidelines that will head us in the direction of a real recovery.

Welcome to Salvation (aka Mark to Myth)

Have said this on a couple of other articles regarding MTM. Some say it caused the problem, others disagree. Have read quite a few opinions and this is my take: MTM is being used as a scapegoat to cover up years of reckless spending by government, Congress and many of "us folks". Years of deficit spending, causing inflation and thus the devaluation of our dollar. Years of an ever growing and interfering government into the lives of individuals and businesses. A very poor educational program "dumbing down" our people. Passage of rules and regulations and laws making it almost impossible for anyone to provide a service or product necessary for a healthy and vibrant economy. A government obsessed with power and control over its citizens. Politicians more interested in re-election and less interested in what is good for America. Politicians who know little about balance sheets and income and expense statements. Politicians who think money grows on trees and not off the sweat and toil of its voters who it taxes with little restraint. In summary, a government run amok, a people who have been brainwashed rather than educated and incompetent politicians not qualified to run our Nation. MTM is a scapegoat. And fiddling with this accounting rule is not going to correct years and years of derelict behavior.

How Much Downside Could Still Exist?

Read an article that quoted Peter Schiff as saying the Dow could go as low as 850. In time, we will have the answer..