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Beating the Recession Blues

By beckychr007 on  From girlinshortshorts.blogspot.com
It's one thing to tell someone all they have to fear is fear itself—but generally that chipper ass has not seen half of their life savings dissipate in six months, nor are they ever found in the unemployment line . We are all in grieving mode , and at that stage of denial where it seems possible that the housing market might come roaring back if not next quarter, than the quarter after—surely by next year--and then the heady spendthrift days of the George Bush Era will be back. However...Read Full Story

Forget Bank Stress Test---Watch Treasuries

By beckychr007 on  From girlinshortshorts.blogspot.com
Forget the bank stress test , leaked in carefully monitored drips, so that investors and the public will actually think the financial system is in good shape because "only" ten of the major banks need to raise additional capital (to the tune of $75 billion) inorder to theoretically survive in an economy with an unemployment rate which we may hit by the end of the month. The real story is in Treasuries . The market has now pushed the yield rate on ten year notes to 3.34 and they are easily...Read Full Story

Economists Say Stimulus Has No Bang

By beckychr007 on  From girlinshortshorts.blogspot.com
Why is it that conventional wisdom is so often wrong? Perhaps part of it is because we are intellectually lazy , and it is just easier to defer to the voices of the loudest—especially if they are saying something we want to be true. But, I just wish I had a dollar in my thong for every time I've heard a pundit, anchor, commentator, politician, expert panelist or the President of the United States say that all economists , regardless of their political or ideological persuasion, agrees that...Read Full Story

Putin Goes Libertarian as Democrats Ape Hoover

By beckychr007 on  From girlinshortshorts.blogspot.com
As we peer out through the swirling dust of the shitstorms , it is clear we have entered a strange world where left is right, and right is left, up is down and most people don't know their ass from a hole in the ground. The Democrats are the New Hoovers , and Vladimir Putin is a libertarian free markete r. Although, during the primaries, the Democratic presidential candidates yacked it up in Ohio and Indiana , I assumed all their talk of economic protectionism , and scraping NAFTA , was just...Read Full Story

Bankrupting the Banks & Libertarian Welfare

By beckychr007 on  From girlinshortshorts.blogspot.com
After the Chief Justice flubbed the only thing he had to do today—administer the oath of office to the president , which is one of the better known parts of the constitution — Barack Obama gave his inaugural speech . For one of the great orators of his generation it was not his best, but one would not have thought it was so bad that the stock market would tumble as he spoke. But it did --and ended up tanking by more than 300 points. The economy is so sick, that it is no longer even responding...Read Full Story
AP - President Barack Obama will try to use his Wednesday visit to a Milwaukee padlock manufacturer to highlight an improving economy and showcase companies that are bringing jobs back to the U.S., even though the Wisconsin company's success isn't reflective of the state.  
From rss.news.yahoo.com ()
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Reuters - Output at factories in the euro zone tumbled at the end of 2011, data showed on Tuesday, reflecting the sick European economy, but policymakers and economists expect a recovery in 2012.  
From rss.news.yahoo.com ()
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