Feds Exit Strategy – Too Late, Hopefully Not Too Little Federal chairman Ben Bernanke outlined an exit strategy for the trillions ($2.2 trillion to be precise) the Feds has poured into the U.S. economy. The strategy is to raise interest rates once the financial recovery is close to completion. I see at least two things [...]
Euro Problems Just The Beginning?
February 9, 2010 By Leave a Comment
Financial Markets Taking A Beating Thus far in 2010, the financial markets have been taking quite a beating. The recent concerns in Europe over the likes of Greece, Spain, Portugal, and even Italy is creating some real problems and concerns in that particular part of the world. Greece has a very high debt load, Spain [...]
Economy Planned For Destruction?
April 13, 2009 By Leave a Comment
Economy Being Destroyed The following cartoon appeared in 1934 in the Chicago Tribune. Although this was over 75 years ago, the paralells between then and now are frighteningly similar. Is this time around going to be worse than the era following the 1929 Great Depression? Is there a plan to get America out of this [...]
Economy Getting Better
April 6, 2009 By Leave a Comment
America It’s Time To Dig In… Or Dig Harder The video below, featuring Fred Thompson (yes, the actor), is somewhat cynical but it hits the “nail on the head” in terms of the foolishness of the current government bailout plans that are flying around Washington. I love Fred’s job creation scheme. I guess what he [...]