Economy

Most Americans don't understand what is happening because neither the mainstream media nor our politicians are telling them the truth. We are being told that we just need to accept our lower standard of living and most Americans seem willing to accept that reality because they keep sending most of the exact same bozos back to Washington D.C....Why are the majority of Americans not screaming to their political "representatives" that they are as mad as hell and not willing to take it any more? Words: 1270

Is a second recession in so short of a time in the offing? It certainly seems that way. The hope for a continued recovery has grown dim lately as many of the economic indexes are moving towards contractionary territory... There are several concerns pressing the U.S. economy and, in the words of David Rosenberg, chief economist at Gluskin Sheff, "one small shock" could send us into a second recession. [We, for our part, believe that even] another round of Quantitative Easing by the Fed...may not be enough to offset the real problems facing the U.S. economy. [Let's take a closer look.] Words: 1295

3%! Simply amazing. 3% isn’t even close to serious. If you are only able or willing to put down 3% you simply aren’t serious about homeownership. It’s laughable...yet by 2007 40% of all mortgages had less than 3% downpayments...Evidence is now pouring in...that the financial crisis of 2008 was nearly exclusively created by government’s misguided interventions and manipulations of the housing market. [Let me explain further.] Words: 671

New research by the Pew Research Center of government data from 2009 shows that the median wealth of white households — the value of home equity and all other assets, minus debt — was 18 times that of Hispanic households and 20 times that of African-American households... To express it more vividly, between 2004 and 2009, the median net worth of Hispanic households dropped by 66% (that is correct, 66%!), and Asian and African-American households by 53% (yes, 53%) compared to "only" a 16% decline for the median white household. Let's take a closer look. Words: 692

The Obama administration and Congress will eventually have to agree to some watered-down measures that will enable the debt ceiling to be increased to ensure that the country’s creditors continue to be paid on time but that will only be a short-term political deal. The medium-term fiscal plans brought forward by Republicans (ready to slash spending but unwilling to consider tax increases) and by the White House (heavy reliance on sustained economic growth to reduce future deficits) currently fall well short of fiscal sustainability...[The bottom line is that] increases in taxes, combined with fundamental program redesign and a reduction in benefits, will eventually be required. Words: 744

The Depart of Transportation's Federal Highway Commission has released the latest report on Traffic Volume Trends data through May. The lead observation is that travel on all roads and streets declined by -1.9% (-5.0 billion vehicle miles) for May 2011 as compared with May 2010. [Let's take a look at some graphs to illustrate the trend going back to 1971.] Words: 370

Have you ever wondered to what extent all your hard work and knowledge is regarded in life? Have you ever questioned what is actually needed for you to get 100% out of life? Do you know what is really necessary to give 103%? What would be necessary get to 118% let alone 100%? The answers are really quite simple when you apply this little mathematical formula. Let me explain. Words: 227

The United States and most of Europe...risk an eruption and collapse of the mountain of unsustainable sovereign debt built up over the last two decades. Frankly, the U.S. dollar and national debt situation is so dire - and our means to contain a sovereign debt crisis so limited by multiple wars and Washington's debt and political incompetence at home - that anything could happen, almost overnight. [The best] America and most European governments and the central banking elites, which created the criminal sovereign debt fiasco, [appear able to do is] try to buy more time and delay the inevitable. This inaction means the threat of an immediate US debt and dollar collapse cannot be ruled out. Therefore, readers who have not protected themselves certainly have cause to worry because now could be too late. [Let me explain further.] Words: 1689

The goings-on in Washington are becoming a global embarrassment to... [all Americans]. Under the guise of working for the good of the people, both sides are engaged in barely-disguised exercises in venal politics. They should be very careful, however, as it was similar brinkmanship that brought about World War 1. Words: 384

The ceiling will be raised from its present horrendous $14.3 trillion – that’s 14.3 plus 11 zeros (00.000,000,000). That's guaranteed! [Otherwise,] the alternative would be the U.S. defaulting on its debts, losing its Triple A credit rating [and being] unable to pay the seniors their benefits, or the military [or its] creditors beyond Aug. 2. [There's more! Read on.] Words: 565