2
POPSGrim Milestone... US Deficit Passes $1,000,000,000,000 For First Time Ever The country's soaring deficits are making Chinese and other foreign buyers of U.S. debt nervous, which could make them reluctant lenders down the road. It could force the Treasury Department to pay higher interest rates to make U.S. debt attractive longer-term. "These are mind boggling numbers," said Sung Won Sohn, an economist at the Smith School of Business at California State University. "Our foreign investors from China and elsewhere are starting to have concerns about not only the value of the dollar but how safe their investments will be in the long run." Fox News How about that Stimulus Bill? Obama will quadruple the US budget deficit his first year in office. And, he wants to spend trillions more for his Obamacare program. Related... Rep. Mike Pence said today that the Stimulus Bill is not working. Yeah, we know. Posted by Gateway Pundit
12
POPSJapan considers abolishing cash more: Other extreme ideas mooted by the financial authorities include a tax on physical currency or introducing one to operate alongside the yen. All three ideas are based on a theory concerning interest rates and the concept that a nominal rate of zero — as Japan has now lived with for much of the past decade — may be too high. In Japan’s case, the theory would suggest that nominal rates of -4 percent might be closer to what is required to rescue the economy from another..
7
POPS The Stimulus Spending That Didn't Stimulate Barack Obama has fatally undermined our currency, our solvency, our financial stability and -- ultimately -- our economy, all to spend money that has had no economic effect! But the results are in: None of Obama's spending is doing anything to help the economy. Of course, the process of household savings, designed to pay down debt, is very healthy. Economists call it de-leveraging. By the start of the recession, the debt American households owe had risen from 70 percent of their annual income in 1995 to 140 percent (excluding mortgages). Now it's on its way back down again. And, eventually, that will lead to a real recovery -- if Obama doesn't wreck the currency and bring on mega-inflation before then (but he probably will).
2
POPSWhat Obama will likely do for you What Obama will do is to try to stop Paulson spending all of the $700 Bn gov Bailout money on his Wall St buddies banks, if there is any left by the time he takes over. Wall St benefits from the '$800Bn infusion" mentioned thats plenty!
1
POPSWeak Dollar, High Oil Make Double Trouble--Dollar Limits Supply This article tries to spin the truth away from "conventional wisdom" (i.e. sober, rational, historical wisdom) to escape "geopolitical tensions" (i.e. war-mongering) and the weak dollar as a cause of problems, while admitting them as evidence of double trouble. But notice the observation by the energy economist that a "weak dollar limits supply by reducing drilling activities" --not a lack of oil exploration, but low incentive to drill! Follow this logic--it means that if oil prices would drop, there would be less incentive to drill. Thus high oil prices will be sustained until the weak dollar is fixed!
2
POPSBernanke says Fed ready for aggressive cut It is time to sell on the next peak when the market realises that much higher rates of inflation follow a fall in the dollar, and that lower interest rates do not help inter-bank trust, nor have anything but a marginal effect on the consumer debt crisis.
13
POPSWhy bees are important to your wallet The article does not mention the droughts and floods which are increasingly disrupting food production. It could become a question of survival to grow as much as possible yourself and become a vegetarian.
1
Pops
Newest Clips
Latest Comments
Most Pops
Print
Save
Turn on live update