» Business Economy
THE ANECDOTE ---
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Market Rally Continues in Asia
Nov. 10, 2009 If the economy is getting stronger, why is the dollar getting weaker? As the stock market surged anew on Monday and into Tuesday, and the price of gold marched ever higher, the dollar took its biggest tumble since July. The American currency sank roughly 1 percent against other major currencies, to its lowest level since the financial crisis broke out more than a year ago. Enlarge This Image Brendan McDermid/Reuters Traders on Monday on the floor of the New York Stock Exchange. All of the American major indexes finished the day higher.. » read more
GLOBAL ECONOMIC CHAOS SOON TO UNFOLD
Nov. 11, 2009 (Oct. 18, 2009) The world is entering a period of economic upheaval that has never before been experienced in history. While many economists proclaim that the world economy is recovering from the near global economic collapse of 2008, the reality is that like a tsunami following an earthquake, an economic tsunami will soon arrive following the economic earthquake of last year. In an attempt to prevent the global economic system from collapsing, the printing of currency by central banks around the world has been like pouring oil on an out of control fire.. » read more
Rising Military Expenditure: The Coming U.S. Budget Attack
Nov. 9, 2009 The United States is moving backwards... fast.. » read more
Broader Measure of U.S. Unemployment Stands at 17.5%
Nov. 7, 2009 For all the pain caused by the Great Recession, the job market still was not in as bad shape as it had been during the depths of the early 1980s recession — until now. With the release of the jobs report on Friday, the broadest measure of unemployment and underemployment tracked by the Labor Department has reached its highest level in decades. If statistics went back so far, the measure would almost certainly be at its highest level since the Great Depression. In all, more than one out of every six workers — 17.. » read more
When the Dollar Rallies, the Market will Crash
Nov. 4, 2009 Interest rates. The Fed does not need slinky women in plunging necklines to peddle money. All it needs is low interest rates. When rates are pushed lower than the rate of inflation, the Fed provides a subsidy for borrowing.. » read more
Oil Prices Tumble After US Unemployment Report
Nov. 6, 2009 NEW YORK (AP) -- Oil prices tumbled Friday after the government said the U.S. unemployment rate topped 10 percent for the first time since 1983. Benchmark crude for December delivery gave up $2.. » read more
The Government Will Default on Its Debts
Nov. 2, 2009 The governments of every major nation are going to default on their debts. There are two relevant questions: (1) How? (2) When? Establishments around the world all deny this. They have gained power and wealth by means of the expansion of government. They have justified their success by insisting that the government-business alliance is the only way to establish economic growth and economic security for the masses.. » read more
What About a War on Poverty?
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Rush Limbaugh: Obama is Destroying the Economy - Parts 1-3
Nov. 4, 2009 PART 1: http://www.youtube.com/watch?v=in1 AovV3zgU&videos=YW8BLFoBwBI& playnext_from=TL&playnext=1 PART 2: http://www.youtube.. » read more
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