Absolutely. Adding to the problem is those lw wage jobs have little to no benefits. People on minimum wage or close are also on food stamps and Medicaid.
Bernanke's Speech: The Die Is Cast For Future Stimulus [View article]
I admitted don;t share much of the educational background and experience many here at SA do. I read as much as I can from good authors like this one and pay attention to what's going on.
It troubles hell out of me that Bernake said he had "tools" and would be ready to act. President Bush said pretty much the same thing after Katrina and the resources never showed up.
Sounds like a smoke and mirror thing to me. The market was reassured and went up today so I think we'll be sieng more reassuring things to come.
September Clouds Threatening the Market - Storm Watch for Financials [View article]
What would you have the Fed do Dorky? Would doing nothing and watching the banking system collapse so FDIC could pay depositors up to 250K?
Watch as a depression took hold?
The fact is despite how many incredibly smart authors there are at SA, including the author of this article, none of them has an alternative to what was done by the government in response to the events of 2008. A few suggested doing nothing and letting whatever happens happen. These same people would no doubt have demanded government do something if it had done nothing.
American Capital Agency: Higher Yield mREITs Offer Gains - But Also Risks [View article]
I just bought a load of Armour. Risk is all around us. I just saw it's price was incredibly stable for a long time and the dividend was way up there like AGNC.
Not very scientific but these days what is when trying to figure out what and when to buy and sell.
With memories of the BP oil spill fading and an election year looming, the Obama administration is mulling over a plan to allow drilling off the Virginia Beach coast. Proponents say it could amount to tens (if not hundreds) of millions of dollars in revenue and thousands of new jobs. Environmentalists say it's just a ruse to start drilling along the entire eastern seaboard. [View news story]
Doesn't anyone think out loud that perhaps we're trying to use up their oil before using up our own?
And could the kooks put an end to the "impeach Obama" crap. It's the new Godwin's Law. It's almost as dumb as the idiots that type "dividends" in a comment section.
If companies obey the rules and don;t take short cuts they can drill safely.
Never scared to stoke controversy, Nouriel "Dr. Doom" Roubini claims to agree with Karl Marx's view that "capitalism can self-destruct" due to income shifting from labor to capital, which in turn leads to "excess capacity and a lack of aggregate demand." Perhaps Roubini's view was influenced by the $1.9T in cash American businesses have stockpiled. (previously) [View news story]
I'd love to see what regulations you'd do away with Wyatt. Maybe even I could agree with you.
The Reagan tax cuts, still controversial 30 years after being signed into law, were highly stimulative, but only because the economic circumstances of the time - high inflation, high tax rates - made it so, Bruce Bartlett writes. Reenacting some version of the tax cuts under today’s conditions - near-zero inflation, low tax rates - would not bring about similar results, he says. [View news story]
Yeah! Enron would be here today if government had got out of the way and not burdened it with regulations like actually owning assets you said you owned.
The Reagan tax cuts, still controversial 30 years after being signed into law, were highly stimulative, but only because the economic circumstances of the time - high inflation, high tax rates - made it so, Bruce Bartlett writes. Reenacting some version of the tax cuts under today’s conditions - near-zero inflation, low tax rates - would not bring about similar results, he says. [View news story]
Taxes are lower under Obama than when he took office.
If You Thought August Was Bad, Just Wait Until September [View article]
Are there any authors here with any ideas and not just the usual claptrap about more money being printed and more tax cuts.
Demand, innovation and balls create jobs.
Double Dip? Not So Quick [View article]
Vicious cycle.
Bernanke's Speech: The Die Is Cast For Future Stimulus [View article]
It troubles hell out of me that Bernake said he had "tools" and would be ready to act. President Bush said pretty much the same thing after Katrina and the resources never showed up.
Sounds like a smoke and mirror thing to me. The market was reassured and went up today so I think we'll be sieng more reassuring things to come.
Will Steve Jobs' Resignation Dim Apple's Prospects? [View article]
September Clouds Threatening the Market - Storm Watch for Financials [View article]
Watch as a depression took hold?
The fact is despite how many incredibly smart authors there are at SA, including the author of this article, none of them has an alternative to what was done by the government in response to the events of 2008. A few suggested doing nothing and letting whatever happens happen. These same people would no doubt have demanded government do something if it had done nothing.
T
Just When You Thought Apple Couldn't Get Any Better [View article]
Keep up the good work.
4 Buy And Hold Forever Dividend Stocks [View article]
American Capital Agency: Higher Yield mREITs Offer Gains - But Also Risks [View article]
Not very scientific but these days what is when trying to figure out what and when to buy and sell.
In 2008 we experienced the failure of Lehman, AIG and the GSEs. Today we are witnessing sovereign nations on the brink of failure. In 2008 there was the palpable fear of bank runs. Today, it's a potential for currency runs. In 2008 there were government bailouts. Today there are central bank bailouts. But... this time everything's different, right? [View news story]
RTI Biologics Has Great Growth Potential [View article]
5 Stocks to Buy Regardless of Economic Status: Part 2 [View article]
With memories of the BP oil spill fading and an election year looming, the Obama administration is mulling over a plan to allow drilling off the Virginia Beach coast. Proponents say it could amount to tens (if not hundreds) of millions of dollars in revenue and thousands of new jobs. Environmentalists say it's just a ruse to start drilling along the entire eastern seaboard. [View news story]
And could the kooks put an end to the "impeach Obama" crap. It's the new Godwin's Law. It's almost as dumb as the idiots that type "dividends" in a comment section.
If companies obey the rules and don;t take short cuts they can drill safely.
Never scared to stoke controversy, Nouriel "Dr. Doom" Roubini claims to agree with Karl Marx's view that "capitalism can self-destruct" due to income shifting from labor to capital, which in turn leads to "excess capacity and a lack of aggregate demand." Perhaps Roubini's view was influenced by the $1.9T in cash American businesses have stockpiled. (previously) [View news story]
The Reagan tax cuts, still controversial 30 years after being signed into law, were highly stimulative, but only because the economic circumstances of the time - high inflation, high tax rates - made it so, Bruce Bartlett writes. Reenacting some version of the tax cuts under today’s conditions - near-zero inflation, low tax rates - would not bring about similar results, he says. [View news story]
The Reagan tax cuts, still controversial 30 years after being signed into law, were highly stimulative, but only because the economic circumstances of the time - high inflation, high tax rates - made it so, Bruce Bartlett writes. Reenacting some version of the tax cuts under today’s conditions - near-zero inflation, low tax rates - would not bring about similar results, he says. [View news story]