Loading ...
Image via
Wikipedia
Back in 2007, a simple device allowed me to pin-point the start of the current recession on the fourth quarter of 2007. Instead of relying on massaged data, I simply looked at what was the real situation of American corporations. For doing so, with the
Bureau of Economic Analysis data on
GDP using [...]
Image by
Getty Images via
Daylife
Last year around this time I said:
You read it here first: The US economy has been in recession since the fourth quarter of 2007 and is now starting to get out (thanks to
the Fed’s “free money”). Says who? Just all the American corporations.
Today we received the timely confirmation by [...]
Image via
Wikipedia
Web 1.0 was all about proprietary content.
Web 2.0 is (or was) all about
crowdsourcing and collective content. Web 3.0 seems to be a
self referential parallel universe were everything is a meme of a meme.
A recent comment on
Reddit about an
ebay meme based on the
seven legged spider meme, gave place [...]
Image by
Public Citizen via Flickr
As credit card lenders reduce their risk exposure by closing credit card accounts and reducing lines of credit, we will start seeing a large reduction in consumer spending. This is affecting not only middle class families, but higher income families as well.
From the point of view of the lenders, most [...]
We independents face this same problem with every election: neither candidate reflects our thoughts, views, or aspirations. If you asked me whom I would be happy to vote for, I would say: maybe a Denis Kucinich - Ron Paul formula. You see, I don’t see the divisions across party lines, and there are some issues [...]
Image by
Tony the Misfit via Flickr
McCain decided to attack Obama’s tax plan with the catchy phrase “America did not become the greatest country on earth by spreading the wealth around.” Unfortunately for Mr. McCain , that’s exactly the way America became the “greatest country on earth”, whatever that means.
You see, there is nothing new [...]
I mentioned before that there is no correlation between the markets and the economy. As matter of fact, when the Dow Jones was at 14,000 I wrote about how bad the economy actually was. It is easy to talk about a bad economy when things look bad, it is another story to do it when [...]
This “
liquidity crisis” was patent back in September of 2007. We then discussed whether it was a real liquidity crisis or confidence crisis, but that was just an academic exercise. The point is that what happened last week and prompted the President’ “There is nothing to fear… Fear!!! Panic!!! Oh my god we all are [...]
Congress expected to pass financial rescue package: Financial News - Yahoo! Finance
So, Wall Street put a gun to the head of the American public two months before the election and got what they wanted. I wrote before that a liquidity crisis in a fiat money system is only possible
during hyperinflation. In September of 2007, [...]
I used to call it “The Reagan lobotomy.” The Reagan lobotomy was performed during a few years of high inflation, and the American people made a sacred commitment. “We will give up our rights as workers for the good of the country.”
I covered the results of this agreement in other posts. Today, I will [...]
Subscribe to our feed to get the latest happenings delivered directly to you.
Copyright © 2009 The Politics of Debt
This work is licensed under a Creative Commons Attribution-Share Alike 3.0 United States License.
Newspaperize theme by Justin Tadlock
123 queries.
1.593 seconds.
