http://www.fourwinds10.com 2009-11-21T04:16:20+01:00 text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.com http://www.fourwinds10.com/siterun_data/business/economy/news.php?q=1258743926 Nov. 19, 2009 Société Générale has advised clients to be ready for a possible "global economic collapse" over the next two years, mapping a strategy of defensive investments to avoid wealth destruction.  In a report entitled "Worst-case debt scenario", the bank's asset team said state rescue packages over the last year have merely transferred private liabilities onto sagging sovereign shoulders, creating a fresh set of problems. Overall debt is still far too high in almost all rich economies as a share of GDP (350pc in the US), whether public or private. It must be reduced by the hard slog of "deleveraging", for years. text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.com http://www.fourwinds10.com/siterun_data/business/economy/news.php?q=1258743320 text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.com http://www.fourwinds10.com/siterun_data/business/economy/news.php?q=1258742793 Nov. 19, 2009 If the President had offered us a job summit a year ago, he might have been taken seriously. Now, however, after more than six million jobs have been lost — and with the bottom still falling — Obama’s brain storming get-together can only be treated with contempt, if not outrage. What is needed is immediate action, not idle chatter. We already know what works: federal stimulus money channeled directly towards job creation, a public works campaign to help rebuild the U. text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.com http://www.fourwinds10.com/siterun_data/business/economy/news.php?q=1258662479 Nov. 16, 2009 I've written two essays attempting to disprove "military Keynesianism" - the idea that military spending is the best stimulus. See this and this. In response, a reader challenged me to prove that anyone would advocate military spending or war as a fiscal stimulus. In fact, the concept of military Keynesianism is so widespread that there are some half million web pages discussing the topic. text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.com http://www.fourwinds10.com/siterun_data/business/economy/news.php?q=1258406861 Nov. 13, 2009 Even Academy Award winners are suffering from financial woes this recession. Actor Nicolas Cage lost two homes in New Orleans worth a total of $6.8 million in a foreclosure auction Thursday.   Birmingham, Ala. text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.com http://www.fourwinds10.com/siterun_data/business/economy/news.php?q=1258406476 Nov. 16, 2009 MIAHUATLÁN, Mexico — During the best of the times, Miguel Salcedo’s son, an illegal immigrant in San Diego, would be sending home hundreds of dollars a month to support his struggling family in Mexico. But at times like these, with the American economy out of whack and his son out of work, Mr. Salcedo finds himself doing what he never imagined he would have to do: wiring pesos north. Unemployment has hit migrant communities in the United States so hard that a startling new phenomenon has been detected: instead of receiving remittances from relatives in the richest country on earth, some down-and-out Mexican families are scraping together what they can to support their unemployed loved ones in the United States. text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.com http://www.fourwinds10.com/siterun_data/business/economy/news.php?q=1258302724 11-12-9 Every now and then one of the MSM outlets does a worthwhile story that is long overdue. It is sad and telling that it was a UK newspaper and not a US newspaper that ran the story that American media is too cowardly to address. "UN investigator accuses US of shameful neglect of homeless" http://www.guardian.co. text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.com http://www.fourwinds10.com/siterun_data/business/economy/news.php?q=1258239864 Nov. 14, 2009 Foreclosures for sale are contributing significantly to the economic challenges faced by 10 U.S. states, according to a report from the Pew Center. Based on the report, California is not the only state struggling from state budget problems. text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.com http://www.fourwinds10.com/siterun_data/business/economy/news.php?q=1258138922 Nov. 12, 2009 The Fed's extraordinary intervention into the financial markets, makes another Lehman-type meltdown extremely unlikely. But while the financial system has been stabilized with a government blank check and rivers of liquidity, the real economy continues to languish. On its current trajectory, GDP will fluctuate erratically for a decade or more while the economy seesaws between positive and negative growth. That means persistent high unemployment, flagging demand, and falling living standards. text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.com http://www.fourwinds10.com/siterun_data/business/economy/news.php?q=1258064803 text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.com http://www.fourwinds10.com/siterun_data/business/economy/news.php?q=1258049948 text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.com http://www.fourwinds10.com/siterun_data/business/economy/news.php?q=1257975789 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. text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.com http://www.fourwinds10.com/siterun_data/business/economy/news.php?q=1257971527 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. text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.com http://www.fourwinds10.com/siterun_data/business/economy/news.php?q=1257887294 Nov. 9, 2009 The United States is moving backwards... fast. text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.com http://www.fourwinds10.com/siterun_data/business/economy/news.php?q=1257618426 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. text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.com http://www.fourwinds10.com/siterun_data/business/economy/news.php?q=1257538703 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. text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.com http://www.fourwinds10.com/siterun_data/business/economy/news.php?q=1257538161 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. text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.com http://www.fourwinds10.com/siterun_data/business/economy/news.php?q=1257530162 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. text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.com http://www.fourwinds10.com/siterun_data/business/economy/news.php?q=1257447257 text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.com http://www.fourwinds10.com/siterun_data/business/economy/news.php?q=1257355293 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. text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.com http://www.fourwinds10.com/siterun_data/business/economy/news.php?q=1257350739 ----- Original Message ----- From: WorldNetDaily To: Bellringer Patrick Sent: Monday, November 02, 2009 12:06 PM Subject: Shredding the official spin for real economic insight Shredding official spin, happy headlines Economic forecasting author predicts big trouble ahead Click Here to Order Now WASHINGTON (Nov. 2) — Reports of a third-quarter spurt in the GDP sparked rounds of self-congratulatory backslapping at the White House and Congress and prompted a few economists to pronounce the recession ready for Last Rites. But a keener eye detects a tale that supports the jarring thesis put forth in The Return of the Great Depression—a new book by economic forecaster Vox Day. Recent reports show: Housing sales screeching to halt; Businesses smacking into credit blocks; Jobless rate tipping toward 10 percent; Massive sell-offs stifling Wall Street.   Published by WND Books, The Return of the Great Depression presents in sobering simplicity a frightening, data-supported economic prognosis that reads like a grim Freakomonics. text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.com http://www.fourwinds10.com/siterun_data/business/economy/news.php?q=1257349256 ----- Original Message ----- From: CD To: bellringer Sent: Monday, November 02, 2009 5:43 PM Subject: Re: uniqueBidWin.com auctions where iPhone is sold for $7.07 ??????   Hello,  what do you think about the auction where prices go down .. where new BMW convertible is sold for $ 214. text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.com http://www.fourwinds10.com/siterun_data/business/economy/news.php?q=1257348021 Nov. 2, 2009 Cash for Clunkers clearly distorted the U.S. economic figures in an unsustainable way, according to The Business Insider, which cites a report from the Bureau of Economic Analysis that indicates GDP growth in the third quarter would have been 1.89 percent, not 3. text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.com http://www.fourwinds10.com/siterun_data/business/economy/news.php?q=1257273142 Forbes October 31, 2009 The large-scale government intervention in the economy is going to end badly. Any number of pundits claim that we have now passed the worst of the recession. Green shoots of recovery are supposedly popping up all around the country, and the economy is expected to resume growing soon at an annual rate of 3% to 4%. Many of these are the same people who insisted that the economy would continue growing last year, even while it was clear that we were already in the beginning stages of a recession. I am  reminded of the outlook in 1930, when the experts were  certain that the worst of the Depression was over and that recovery was just around the corner. text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.com http://www.fourwinds10.com/siterun_data/business/economy/news.php?q=1257193206 Bereaving Las Vegas Oct. 30, 2009 Part 1 The financial crisis has mauled Las Vegas like no other city. What was once the land of luxury and excess is now the home of empty houses and broken dreams. While the city and its investors keep hoping for a turnaround, others see long, lean years ahead. The bar on the 64th floor of the Mandalay Bay Hotel offers what could arguably be the best view of Las Vegas at night. text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.com http://www.fourwinds10.com/siterun_data/business/economy/news.php?q=1257094674 Oct. 31, 2009 CAPITAL GAINS: The global crisis has resulted in a big divide in Dubai and Abu Dhabi's real estate markets, according to a new report. (Getty Images) The global economic crisis has resulted in an increasing divide between the property markets of Dubai and Abu Dhabi, a new report has said. Kershaw Leonard's annual Cost of Living report describes the real estate sector as now resembling the "survival of the fittest", a major contrast to 2008 which is compared to the California gold rush of the 1800s. While Dubai’s house prices have fallen in some areas by more than 53 percent since September 2008, the report identified areas in Abu Dhabi where prices had increased by 36 percent over the past year due to an undersupply of new properties coming on to the market The Dubai-based recruitment and HR consultancy said the decline in house prices has had differing impacts on the UAE's two major centres. text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.com http://www.fourwinds10.com/siterun_data/business/economy/news.php?q=1257092420 Oct. 24, 2009 So much has gone on in the fiscal universe in 2009, and in the middle, as always, is us. As election fever begins to tighten its grip on Britain's collective psyche we can resist no longer. It is time to get political. View more of our videos at http://iball. text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.com http://www.fourwinds10.com/siterun_data/business/economy/news.php?q=1256850342 ----- Original Message ----- From: WorldNetDaily To: bellringer@fourwinds10.com Sent: Thursday, October 29, 2009 10:38 AM Subject: Dire warning on 'Black Tuesday' anniversary   Look ahead – not back – on key Depression date, author advises   Wisdom is usually hard-earned. But the sage economic insight author Vox Day offers in "The Return of the Great Depression" is a downright bargain. Readers have recognized that and pushed the title to the top of best-sellers at Scribd.com, where the ebook is going for only $1. text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.com http://www.fourwinds10.com/siterun_data/business/economy/news.php?q=1256761838 Oct. 26, 2009 Evidence that the US is a failed state is piling up faster than I can record it. One conclusive hallmark of a failed state is that the crooks are inside the government, using government to protect and to advance their private interests. Another conclusive hallmark is rising income inequality as the insiders manipulate economic policy for their enrichment at the expense of everyone else. Income inequality in the US is now the most extreme of all countries. text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.com http://www.fourwinds10.com/siterun_data/business/economy/news.php?q=1256670814 Oct. 26, 2009 In a crowded ballroom next to a bankrupt casino, what remains of the Detroit property market was being picked over by speculators and mostly discarded. After five hours of calling out a drumbeat of “no bid” for properties listed in an auction book as thick as a city phone directory, the energy of the county auctioneer began to flag. “OK,” he said. “We only have 300 more pages to go. text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.com http://www.fourwinds10.com/siterun_data/business/economy/news.php?q=1256666921 text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.com http://www.fourwinds10.com/siterun_data/business/economy/news.php?q=1256584359 Author who predicted current crisis shows why it's 'only the beginning' © 2009 WorldNetDaily   Crowd outside N.Y. Stock Exchange in October 1929 Drawing striking comparisons between the Japanese economy in 1988 and the American economy today, a new book by an author who predicted the current crisis warns it's going to get much worse before it gets better. Vox Day, a WND columnist, asserts in "The Return of the Great Depression," by WND Books, the U.S. text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.com http://www.fourwinds10.com/siterun_data/business/economy/news.php?q=1256404281 ----- Original Message ----- From: KS To: Sent: Friday, October 23, 2009 2:10 PM Subject: National Debt Clock URL   www.usdebtclock.org       We each owe... text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.com http://www.fourwinds10.com/siterun_data/business/economy/news.php?q=1256399534 Oct. 24, 2009 READ THIS PDF DOC AT: http://www.gpoaccess. gov/eop/2009/2009_erp.pdf text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.com http://www.fourwinds10.com/siterun_data/business/economy/news.php?q=1256398835 ----- Original Message ----- From: AM To: <bellringer@fourwinds10.com> Sent: Thursday, October 22, 2009 9:18 PM Subject: What Obama's Stimulus Package Has Stimulated   *The White House Doesn’t Want You To See This List!* *Posted By: RumorMail Date: Friday, 23-Oct-2009 00:46:10 *         The Obama stimulus plan, hundreds of billions worth, is an         absolute failure, Total, absolute failure.         Instead of the over 1,000,000 new jobs, the nation has LOST more         than a million jobs.         In fact, the big winners of his $3 billion "Cash for Clunkers"         was South Korea and Japan--their car companies sold most of the         cars. In fact the major losers in this transfer of American         dollars to foreign nations was the government owned car         companies--Chrysler and General Motors. text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.com http://www.fourwinds10.com/siterun_data/business/economy/news.php?q=1256241821 Oct. 21, 2009 The class character of the Obama administration is clearly indicated by one statistic: President Obama has made available more than $12 trillion in cash infusions, loans and guarantees to the financial industry, but for state governments that are facing massive budget deficits, Obama has thus far provided only one quarter of 1 percent of that amount in federal stimulus funds—about $30 billion.   The administration has refused to provide emergency aid to the states, including some of the largest in the country, such as California and Pennsylvania, which are on the brink of default. The White House is sitting by while states across the country lay off workers and slash spending on education, health care and other essential social programs.   The crisis confronting state governments is unprecedented. text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.com http://www.fourwinds10.com/siterun_data/business/economy/news.php?q=1256152515 Oct. 21, 2009 A revised analysis of 2008 US census data shows that 47.4 million Americans, 15.8 percent of the population, lived below the official poverty line. The figure is markedly higher than the official government tally, which recorded 39. text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.com http://www.fourwinds10.com/siterun_data/business/economy/news.php?q=1256151177 ----- Original Message ---- From: WorldNetDaily To: Bellringer Patrick Sent: Wednesday, October 21, 2009 10:13 AM Subject: It's not over. It has only begun. The Return of the Great Depression By Vox Day In a new book to be released on the 80th anniversary of Black Tuesday, the infamous stock market crash of 1929, author and WND contributor Vox Day sounds the alarm:   "The Great Depression is back!" That is the shocking warning to readers of "The Return of The Great Depression." The economic downturn we are experiencing will get worse before it get's better. Much worse. text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.com http://www.fourwinds10.com/siterun_data/business/economy/news.php?q=1256146492 text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.com http://www.fourwinds10.com/siterun_data/business/economy/news.php?q=1256083645 10-20-9 KINGSTON, NY ­ 20 October 2009 - What 80 percent of economists call "Recovery" is a "Cover up". Trillions in losses papered over with trillions of phantom dollars printed out of thin air and backed by nothing produce nothing except the mirage of recovery. The dollar's dive and gold's historic high is no mirage. Gold doesn't lie. Our trend forecasting track record is the best on record ­ light years ahead of Ben Bernanke's (<http://enews. text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.com http://www.fourwinds10.com/siterun_data/business/economy/news.php?q=1255997553 Oct. 2, 2009 Forward: If there are only a few articles you ever read on the gold standard, this should be one of them. The reason is that it is complete. It covers the moral case for the gold standard as well as its practicality. Although beginning with the basics it incorporates some of the more intricate aspects of it's virtues. text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.com http://www.fourwinds10.com/siterun_data/business/economy/news.php?q=1255996710 Oct. 19, 2009 VIEW THIS SITE AT http://tipstrategies.com/archive geography-of-jobs/#map-highlights text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.com http://www.fourwinds10.com/siterun_data/business/economy/news.php?q=1255974084 Oct. 19, 2009 (Sept. 30, 2009) First Steps of the LaRouche Plan are Now Available in Leaflet Form! Download (PDF) An short audio statement is also available in LPACTV. This is the edited, final version. Posted: 10/10/2009 2:01pm CEST During June 1987, I had repeatedly forecast, publicly, that unless certain remedial actions were taken during the Summer of that year, the first weeks of that October would see a stock-exchange crisis comparable to 1929. text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.com http://www.fourwinds10.com/siterun_data/business/economy/news.php?q=1255800824 text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.com http://www.fourwinds10.com/siterun_data/business/economy/news.php?q=1255717936 October 15, 2009 Dan Burrows DailyFinance If there's any silver lining to a recession -- albeit a thin one -- it's that consumer prices typically go down. Make no mistake, deflation is a sign of a sick economy, but at least the net effect of cheaper prices for the basic necessities -- food, clothing and shelter -- helps folks get by when they are struggling to make ends meet. Photo: Jayme Halbritter / AP But consumers should brace themselves for things to change, especially at the supermarket. As the global and U.S. text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.com http://www.fourwinds10.com/siterun_data/business/economy/news.php?q=1255717509 Oct. 14, 2009 The increasingly desperate financial crisis facing large sections of the American working class has been writ large in statistics. In September, 15.1 million people were unemployed, with over 5.4 million out of work for six months or more. text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.com http://www.fourwinds10.com/siterun_data/business/economy/news.php?q=1255710656 Oct. 13, 2009 VIEW VIDEO http://www.youtube.com /watch?v=fmDPXx2MZ34 text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.com http://www.fourwinds10.com/siterun_data/business/economy/news.php?q=1255632296 text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.com http://www.fourwinds10.com/siterun_data/business/economy/news.php?q=1255629499 Oct. 14, 2009  Ralph Nader will always be remembered by his critics as the man whose bid for the White House in 2000 gave us eight years of George W. Bush. The disdain many liberals have for Nader still runs deep nearly a decade later.     But there's no denying the positive impact his activism has had on this country over the past half-century. text/html 1970-01-01T00:00:00+01:00 http://www.fourwinds10.com http://www.fourwinds10.com/siterun_data/business/economy/news.php?q=1255628280 October 12, 2009  --- We're on the descent from 20,000 feet in the air when the flight attendant leans over the elderly woman next to me and taps me on the shoulder. "I'm listening to Lady Gaga," I say as I remove just one of the ear buds. I know not this Lady Gaga, but her performance last week on SNL was fascinating. "The pilots would like to see you in the cockpit when we land," she says with a southern drawl. "Did I do something wrong?" "No.