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The Recession Is Over, Unemployment Expected To Rise
Almost a year after the historic collapse of Lehman Brother, Fed Chairman Dr. Ben Bernanke announced that the worst recession since 1930 is finally over! However, this is only from a “technical...
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The Sun Sets On Dollar Supremacy
According to a quote in the Telegraph, HSBC has issued a new report stating that the Federal Reserve’s ultra-loose monetary policy is forcing China and other emerging countries to create a new global...
View ArticleUnemployment Game Show Video
Here’s a funny video explaining the true unemployment numbers that the BLS just released. The Bureau of Labor Statistics (BLS) announced today that the unemployment rate for November fell to 10%. This...
View ArticleHow To Fudge GDP Numbers
Here’s an excellent video about an empty city in China that has been built using government funds. Ploughing billions of dollars in infrastructure and construction works theorectically improves the GDP...
View ArticleUSA – The Land of Deadbeats?
The Wall Street Journal had an article advising homeowners who were upside down on their mortgage to just throw in the towel and walk away from their mortgage. Here’s the abridged version: Millions of...
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How Greece’s Problems Affect Us
A lot of people don’t even know that Greece’s debt is a problem that is threatening to bring down the European Union. And of those that have heard about, few realize its significance and potential...
View ArticleThe Economy Smells Like Roses
If you believe the government or the popular press, the economy is out of recession and everything is business as usual again. Last month there was an increase in jobs by 162,000, home sales jumped...
View ArticleUS Debt Breaks $13 Trillion
Today the US debt broke the $13 trillion level. Considering that the US GDP or the US economy is $14.2 trillion (according to the World Bank), that makes our debt level just over 91% of the GDP....
View ArticleGold Closes Above $1,700 – U.S. Turning More Japanese
Gold broke another record today, closing just over $1,700/oz. The Dow Jones Industrial Average dropped 634 points (5.5%) and not surprisingly, US Treasuries jumped. This was the expected response to...
View ArticleTaking Investment Advice from the Federal Reserve
Unless you’ve just woken up from a week-long coma, you already know that Ben Bernanke, Chairman of the Federal Reserve, announced the Fed is going to maintain its Zero-Interest Rate Policy for the next...
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