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October 06, 2008
There is no doubt the US is in a great economical financial crisis, probably the worst since the ‘Great Depression’. But one can't help but ask; just how bad are things going to get? And exactly who is going to feel the worst of this crisis?The sure thing you can bet on is that taxes ..
October 06, 2008
For the last few months we have all witnessed a steady stream of negative news about the economy, about the credit markets, and about companies and families getting strained by financial woes.The last few days focused a lot on the bailout and the rescue for Wallstreet. What has become clear for all .
October 06, 2008
As we examine the many sources of our woes in America, it is imperative that we examine ourselves. It may be easy to blame the democrats, who refused wise instruction from the Bush Administration, and who they seem to think is responsible for everything wrong with America.Barney Frank, Pelosi, ..
October 06, 2008
The Money Reform ActThere is a video that contains the most important and essential information as to WHY we are in this financial crisis. It goes back to when Jesus threw the “money changers" out of the temple, then gives a detailed, non-biased exceptionally thorough account of how through ..
October 03, 2008
Finally, it gone done. After days of recriminations between each other and trying to divine the will of the voters at home, the Members of the House - as a body, not necessarily individually - agreed on a bailout package which the Senate had already approved, whereupon the President signed it ..
October 03, 2008
The Bailout Plan passed the House and the Senate after a lot of wrangling between Democrats and Republicans. In the Senate the Republicans were talking about how failure to pass the plan would affect their own retirement accounts. Almost as if they were thinking of themselves over and above the ..
October 03, 2008
Okay, the sky isn't falling and America is not going to fall into a depression. President Bush painted a pretty grim picture to Americans when he made his plea for Congress to act quickly. During the President's speech he warned, “The value of your home could plummet.... More businesses would .
October 03, 2008
Since late 2006, 288 banks closed their doors, while other major banks are in the process of bankruptcy. Indy mac, countrywide, Washington mutual, chase wholesale and lately on the verge of a merge Wells Fargo and Wachovia, just to mention some. People are terrified to lose all their savings, so ..
October 03, 2008
So the United States bail out has finally been agreed, phew, I was stressing there for a moment. So where will the stock markets from around the world go now? 2008 has thus far been a very bad for these stock markets but will this deal finally give them the boost they urgently require?I am an ..
October 03, 2008
One of the positive by-products of the financial crisis is the knowledge that we should glad to have several banking systems.I have not opposed to the introduction of the euro and I still think that it is a good idea, but the real value of the euro will be proved in these hard times. Now is the ..
October 03, 2008
The rising cost of fuel (which shows no sign of slowing down) is having a detrimental effect on the world's freight forwarding industry and consequently on consumers around the globe. Moreover, economists are warning that if prices continue to rise at their current rate they will effectively act as .
October 03, 2008
Imagine a world where public institutions could not lend money to consumers, businesses or each other. Imagine Treasury bonds downgraded from AAA to B-. Imagine the dollar losing another 20% of its relative value, and imagine the unemployment rate tripling in 3 months. Before the US Government ..
October 02, 2008
Driving through Palmetto Florida this morning I read the following sign at a car dealership, “Out of a job? Buy a car!" What a sign of the times!Of all the ruckus caused by the current financial crisis, some people still haven't learned anything.Will these lenders never learn, sometimes there .
October 02, 2008
At first the President and the U.S. Senate wanted $700 billion. On October 1, 2008 they wanted $850 billion. The President and Congress have tried to scare the American people. What happened to the first $700,000,000,000? Now the Congress and the President want another 150 billion.This bailout ..
October 02, 2008
How To Protect Yourself Let's face it; we are now entering the Unites States of America's Second Great Depression. It will have devastating effects on the American people, businesses, and what is left of our growing economy.This is not a minor problem that might limit your shopping sprees or your ..
October 02, 2008
[This analysis relates mostly to the United States and the United Kingdom, which is where I live, but it is also important to people living in other Western countries.]1. I'm not going to give you any BS. Reading this may give you nightmares but I can't help that. The important thing for you is to ..
October 02, 2008
I know it's fall, but no where NEAR Christmas, so why all the ornaments on the rescue package? I mean I thought we were in a sub-prime mortgage clean-up and a solidifying the financial liquidity mode here so that Americans could continue to borrow money to keep their budgets or businesses afloat?So .
October 02, 2008
I personally do not believer that a 85 billion dollar financial crisis bail out, or whatever figures the congress comes up with, will help out the common person or the current crisis. Think about it! Do you really believer that the real interest now is in yours or my well being? Face it corporate ..
October 02, 2008
Homeowners who got caught up in the real estate boom over the past decade and a half have, for the most part, begun to realize that putting all of their eggs in one basket has put their entire financial situation in peril. From facing foreclosure right now and having a scarred credit report to ..
October 02, 2008
Questions and AnswersQ- How bad will this economy get?A- This downfall of the economy has really just started; in the near future you will see more local and national businesses shutting their doors, contributing the cause to many factors. Some factors may include: (1) gas prices - which hurt many ..
October 02, 2008
To me the current “financial crisis" with a bailout to save the economy is coming with the help from the media manipulation factory to solve now the old bubble of sub prime mortgages. Some leaders create a crisis just before the reelection - the timing is perfect - and are asking for a ..
October 02, 2008
Vermont - While the big oil companies rake in billions in profits, they are in a fierce battle for customer loyalty. Competition between major brands for consumer business is so intense that oil companies are actually paying businesses to give away ‘Brand Loyalty’ incentives to get you ..
October 02, 2008
How real is the credit crisis? Given that perception is reality one would assert that indeed we are confronted with a major credit crisis! Historians have written that most financial crises are a crisis of confidence versus a true financial one. Students of the Great Depression of which Chairman ..
October 01, 2008
Today's was apparently a fairly acceptable if not good bill as an answer to an unprecedented liquidity and credit predicament bred here on US's Wall Street and spawning across the globe. Voting to pass it to rectify the vast ineptitudes of lax financial regulation and it's aftermath of failed banks .
October 01, 2008
We hear a lot about the national financial crisis and the Wall Street bailout. Whether we feel the crunch or not, one can't help but to get caught up in the fears and hysteria that seems to be all around us. However, we can't allow ourselves to be swept up in the panic.We have to ask ourselves, ..
October 01, 2008
The financial sector of the United States is collapsing - and it has been for years now. Defaulted home loans number in the millions and the Fed can no longer make positives out of the reckless behaviors demonstrated by greedy investment banking institutions. Here are some quick facts concerning ..
October 01, 2008
Risky mortgages are the Big Bad Wolf behind the economic meltdown. With the Congressional whirlwind of bailout or no bailout, the big question is what happens to home prices now that there is no bailout.The purpose of the bailout was to get credit moving again. Many banks have bad loans on their ..
October 01, 2008
Most folks in the United States would agree that we need to be energy independent or at least produce the lion's share of the energy resources and oil we need. However, I am one who believes that we need to be an energy exporting nation, why you ask? Because, we should be selling producing and ..
October 01, 2008
An Open Letter to my Fellow Americans,It appears that our situation is dire. It appears that everything is out of control and flying apart. As humans we are afraid. Shall we take our wee bit of money and stuff it into our mattresses? Shall we purchase gold bouillon and hide it in the back yard? ..
October 01, 2008
This morning I gave an interview for a Dallas morning radio show. The two hosts had great questions about the significance of Monday's closing number on Wall Street.Let's look at Monday's date, September 29, 2008 and the number for the big drop - 777.I suspected there would be deep division in the ..
October 01, 2008
When Writing about the biography of Maradona I mentioned the rivalry between Britain and Spain. I have never realized that this superficial conflict is so deeply rooted. Recent incident: The Southern Pigs, an initiative of the FT. People who have read the article in Spain are not happy about it.I ..
October 01, 2008
As I watch on TV the latest news about our economy crisis, I wonder how it's going to effect all of us. Is Congress going to step in and help revive our economy or will they just let the free market hit bottom? Is all of our money in retirement accounts going to go bust? Are the American people ..
September 30, 2008
So are we in a financial recession or not? Is our money safe? Over the last short while -- with banks collapsing and many families going bankrupt -- this has been a hot topic. I've heard words such as apocalyptic or another great depression. I have friends who differ on viewpoints -- some not ..
September 30, 2008
If you are one to always be keeping up with the latest news... then you know that the economic outlook for our country and even the world right now is pretty gloomy.Big investment companies are failing and the stock market is less than inviting.There are even those that are predicting that we will ..
September 30, 2008
Yesterday the Bureau of Economic Analysis (BEA) revised its 2Q08 GDP growth to an annualized rate of 3.3%, up from 2.7%. It's a shame this data had to be revealed on August 28, a date not associated with humorous pranks; had it come out on April 1st investors would have a much better clue that the ..
September 30, 2008
This is no bailout of Wall Street that we are dealing with. This is a bailout of our entire economy and possibly even the global economy. This credit crisis has reached critical mass in record time. If the Government does not act immediately we are about to see a depression that will make the Great .
September 30, 2008
Some days are for staying in bed! This may be one of them. Of course, I am being facetious. That, in the face of crisis, is the worst thing a person can do. To yield to the possibility of creeping depression, emotional and economic, is just not smart. Rather, it is prudent to get up and take ..
September 30, 2008
It's unbelievable... the US government bails out the largest bank and insurance business in the world. The plan is to use a $700 billion-dollar bank plan to bailout AIG for a 79.9% stake. The US government who struggles and can't even get it right, to properly run disaster and relief efforts, ..
September 29, 2008
The recent events across the Global Financial Community are hitting businesses and individuals in ways that have not been experienced since the 1930s and the great depression. Events like the collapse of Lehman Brothers, Washington Mutual Inc, the collapse of Wachovia and fire-sale to Citigroup, ..
September 29, 2008
Politicians and other talking heads (and thus the general public) seem to agree that the current credit crisis was caused by lack of governmental oversight of the big bad bankers. In actual fact, it was just the opposite. The cause of the crisis was Government pressure (mostly but not entirely from .
September 29, 2008
Prospective homebuyers and homeowners don't know what to do, lenders are nervous, and lawmakers must get a bill passed to resolve the situation because the national economy is on the decline.As most of us know firsthand, banks have made lending guidelines tougher which makes it more difficult for ..
September 29, 2008
If you're like me, then it does not matter which side of the political wall you're on! When the President of the United States says we are in danger of a financial collapse you become a little concerned about the future. I think we can all agree that as Americans we need to do something and fast.I ..
September 28, 2008
Perhaps there is no harm in an occasional wager on the number six, as time and again it tends to be a fairly reliable bet in a game that has pretty reasonable odds. There are long runs and short runs. Money can be made; money can be lost.But what happens when six stops hitting? Unfortunately, ..
September 28, 2008
This week the financial stability of the US seems to have shifted. Talks of a recession have changed to talks of a depression. The financial institutions in the US are failing and being bailed out by our government. However, our sense of stability does not need to come from the nightly news; it can .
September 28, 2008
Markets have received a new life via additional liquidity poured by central banks worldwide in recent past. European Central Bank, Bank of England, United States` Federal Reserve and other major central banks are fighting tooth and nail with current financial fiasco. Markets have been rocked by ..
September 28, 2008
My friend and I were discussing America's economic issues while watching the first 2008 presidential debate between Sen. McCain and Sen. Obama, and he asked me if I thought that America is still a world power. I thought for a moment and answered with, “No".I am a child of the cold war, atom ..
September 27, 2008
OK... it's here, that moment so anticipated and dreaded . I'm talking about the financial crisis facing our country today, a crisis of greed and overindulgence. It really isn't a surprise, after all it wasn't the apple in the tree that caused the problem, it was the pair on the ground. And the pair .
September 27, 2008
I have been around a few years and living through difficult times is a challenge but interesting and fun. . .in a way.Don't get me wrong, I like the good times it's just that adversity forces me to use my brain. It forces me to devise ways to survive, it forces me to grow stronger. . .necessity is ..
September 27, 2008
Okay, so the other day a good friend of my at our Think Tank asks me if I had read any good economic books lately, not a question anyone would generally ask, after all, why would anyone go out of their way to read an economics book? Well, I am one, and the book I recommended to him, is one I would ..
September 26, 2008
History has proven that “power corrupts and absolute power corrupts absolutely." While many understand this concept with respect to political systems, it is also true in other areas of human activity. Absolute power over anything is a corrupting influence that casts its pall over religion, ..
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