Saturday, December 29, 2007
2008 The Start of the Next Great Depression
Most people in America don't believe a depression could ever happen again. Some believe the government will be able to prevent it. Others believe today's economy will continue to expand and because of this we will never have a contraction deep enough to create a 1930's type of depression. Still...
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Friday, December 21, 2007
President Bush, the National Debt and our Freedom
As the massive credit bubble begins to explode and the housing markets continue to crash, Americans are starting to point many fingers to those that seem to be responsible for the crisis, which by the way will give birth to the next great depression. It's like a run away train streaming down the...
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Friday, August 24, 2007
Guess when this was written?
"Gosh, wasn't we crazy there for a while? Why the thought never entered our head that we wasn't the brightest, wisest, and the most accomplished people that was ever on this earth. Hadn't we figured out 'mass production'? Couldn't we make more things than anybody? Did the thought ever enter on bone...
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Wednesday, August 22, 2007
Why Didn't Greenspan Know Better?
Before Alan Greenspan became the Chairman of the Federal Reserve he gave a statement in 1966 in which he thought created the Great Depression of the 1930s. "The excess credit which the Fed pumped into the economy spilled over into the stock market - triggering a fantastic speculative boom....
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Tuesday, August 21, 2007
Do you smell a dead RAT?
Many people believe the actions by the Federal Reserve on Friday morning will claim fears of a global credit meltdown. There are also a large number of Americans that really don't care what the Federal Reserve did or does in the future. In fact, many Americans are totally out of touch with the...
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Thursday, August 16, 2007
Credit Crisis
The sub-prime credit problem that's attacking Wall Street is now starting to attack Main Street. It is real. Just as greed created the boom for housing and the stock market, fear will create a crash that has already started in the housing industry but is now at the beginning stages for the stock...
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Saturday, April 28, 2007
"Bushtowns" are Popping up All Over the Place.
As the housing bubble begins to lose air, some people are finally coming to their senses. The home buyer of today is not only taking longer to buy, but he or she has a record number of dwellings to choose from. Rex Nutting, in his article Home Vacancy Rate Rises to Record 2.8% - CBS Marketwatch...
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Sunday, April 30, 2006
Economic Worries?
It is clear that the United States has enjoyed an economic expansion since June of 2003. The Federal Reserve has been able to re-inflate the economy by lowering the over night interest rates banks can charge to 1%. Of course that was 15 Federal Reserve meetings ago. Now with the overnight funds rate...
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Friday, March 3, 2006
Sales of Single-Family Homes Plummet 24%
The realty that a major slow down in real estate wasn't more evident than a slide in sales of single-family homes in January, year to year. According to both the California and Massachusetts Association of Realtors, sales dropped 24% and 21% respectively. However, prices are still as high as ever;...
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Sunday, February 26, 2006
Vice President Cheney's Take on Economics
It's really amazing the number of unqualified leaders we have in the White House. Case in point. What is Vice President Cheney thinking when he talks about making the Bush tax cuts permanent? He states, "Yet the tax relief is set to expire in the next several years. So if we do nothing, Americans...
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