The Politics of DebtThe Politics of DebtIn the Politics of Debt I try to explore how debt influences the American public and their political choices. From a broad perspective, you could say, for instance, that deeply indebted workers will see their chances for protest highly reduced, they Articles
Official Reports Confirm Economy Worst Than in 2000
2007-10-11 17:33:00 The Dow Jones’ new high is a numeric illusion The Personal Savings Rate is at the same level it was during the last recession Economic growth (GDP) is lower than inflation growth (i.e., the economy is not growing) Even after adjusting for inflation, cost of living is 17% higher than it was in 2000 The article The real economy ... More About: Economy , Official , Ports
Banks Drive to Grab Land
2007-10-08 22:05:00 When writing articles about foreclosure, the mantra seems to be “the banks want your money“, they are willing to negotiate and help you keep your home. The pesky reality, however, is pointing in another direction. According to a recent AP article, US July Foreclosures Rates were Up 93% from a year ago. So, if the ... More About: Banks , Drive , Land , Grab
The real economy
2007-10-08 21:44:00 I wrote previously that, in constant dollars, the Dow Jones is far from a new high (actually, some 8% away). Those constant dollars, however, were based only on inflation data, which is statistical data and not actual market data. The following table shows the 2000 and 2007 prices in terms of different commodities. The calculation is ... More About: Economy , Real
Is the Dow Jones at a new high?
2007-10-08 18:59:00 Two weeks ago I mentioned that current currencies have no inherent value, and I gave the dramatic example of the Argentine currency from the 70s to date. Today, I will comment on the myth of the new high for the Dow Jones Industrial Average, which is portrayed as an example of the economic health ... More About: High
President Bush, support our troops!
2007-10-05 19:19:00 As a Commander in Chief, G.W. Bush managed to combine, all in one, the shortsightedness of Harry S. Truman with the incompetence of Lyndon B. Johnson and the dishonesty of Richard M. Nixon. When the First General of the Nation has not clear compass, moral or military, he needs to resort to political tactics to ... More About: President , President Bush , Support , Troops
In Bush We Trust
2007-10-04 01:09:00 I’ve had it! Today, with the excuse of President Bush vetoing a measure to help insure the health of children, the blogsphere became a Bush-bashing festival. Guys! People! Stop this! I don’t buy the arguments that Bush is uncompassionate, insensitive or even evil. What kind of serious political argument is that? Those who compare what the ... More About: Trust
And we got increased volatility
2007-10-03 21:02:00 When I published on Monday, expect increased volatility the Dow run some 200 points much of which it lost most during the past 2 days. During the next 2 to 3 days, we should see a tug of war between bulls and bears. News will fly, both bad and great, talking heads will talk about ...
United States Poverty Map (PIC)
2007-10-02 00:04:00 “Another income map, this time plotting the % of people living in poverty based on the 2000 Census. If you would like to see a more detailed version go to Social Explorer and choose “Poverty ” from the second drop down, then select the magnifying glass to zoom in on a specific county.” read more | digg ... More About: Economy , United States , United , States
Expect increased volatility
2007-10-01 18:07:00 On August 20th, when the concern on the media was the liquidity crisis and the falling market I wrote to a good friend of mine “The move on the DIA since the bottom of 2002 looks parabolic. If we break the previous high we will be “on the other side of the curve” when things ... More About: Economy , Expect
I have $100,000,000,000 and yet I can?t retire
2007-09-30 01:55:00 The past week you certainly have (and in the next few weeks you will) read a lot about the dollar and its relation to other currencies. Most of the articles fail to explain what the real value of money is. In some cases, I think, economists just ignore out of convenience what the impact of ... More About: Retire , Tire
The US should leave Iraq and call in UN peacekeeping operations
2007-09-28 17:54:00 When I wrote a few minutes ago about the conditions for runaway inflation being created by the current administration, I must admit, it was with some fatalistic perspective (hence the medieval sounding title of the article). I assumed the war in Iraq will keep going, and that the next administration will not be able to ... More About: Leave , Call
Let the party begin. We will be dead tomorrow
2007-09-28 17:15:00 The current administration is creating the conditions for runaway inflation in the near future in order to support the war efforts More About: Economy , Party , Dead , Tomorrow , The Party
Site Upgraded to WordPress 2.3
2007-09-26 17:14:00 I can’t stay for too long without updating to the latest version of any software I have installed and I frequently use (call it a compulsion). Some times I wish I didn’t (like when I moved to Windows Vista) and some times I wonder why I did it. However, with the WordPress 2.3 upgrade I can ... More About: Wordpress , Site , Graded
Another guy with a conspiracy theory
2007-09-26 08:09:00 He said: “This conjunction of an immense military establishment and a large arms industry is new in the American experience. The total influence ? economic, political, even spiritual ? is felt in every city, every Statehouse, every office of the Federal government. We recognize the imperative need for this development. Yet we must not fail to ... More About: Theory , Conspiracy , Conspiracy Theory , Theo
No nation could preserve its freedom in the midst of continual warfare
2007-09-25 05:20:00 Of all the enemies to public liberty war is, perhaps, the most to be dreaded, because it comprises and develops the germ of every other. War is the parent of armies; from these proceed debts and taxes; and armies, and debts, and taxes are the known instruments for bringing the many under the domination of ... More About: Freedom , Nation , Fare , Reserve , Warfare
A primer to living on a totalitarian state
2007-09-24 20:34:00 Unless you are black or a recent immigrant, you have no experience living in a police state. Then, you may want to consider this article as your primer for living under terror. If Naomi Wolf in her recent book “The End of America: A Letter of Warning To A Young Patriot” has it right, you ... More About: Living , State , Rime , Alita , Prim
When being a Christian meant being compassionate
2007-09-24 06:20:00 When the Nazis came for the communists, I remained silent; I was not a communist. When they locked up the social democrats, I remained silent; I was not a social democrat. When they came for the trade unionists, I did not speak out; I was not a trade unionist. When they came for the Jews, I remained silent; I wasn’t a Jew. When they came for ... More About: Politics , Christian , Compassionate , Nate , Compass
How to survive hyperinflation
2007-09-21 20:29:00 Avoid, to the extent it is possible, selling goods at a fixed price to be paid in the future Remember that if you work for somebody you are selling your work at a price set in ... More About: Economy , Survive , Hyper , Flat , Erin
At a financial crossroads
More articles from this author:2007-09-19 17:51:00 With gold about to retest the previous high and the Dow Jones average at less than 200 points from the previous high, I will look at two different scenarios and their possible implications for the consumer market. As I pointed out before, Bernanke’s solution to the “liquidity crisis” is utterly destructive because it implies more ... More About: Financial , Fina , Crossroads 1, 2, 3, 4 |
|
 |
|
 |
