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...these various numbers are tossed around like so many doggie treats, so I thought I'd take Google Sketchup out for a test drive and try to get a sense of what exactly a trillion dollars looks like.
Between “mixed economy” and fascism lies the red market. For your sake, you should refuse to do business with red market participants.
Eddie’s chart on the Dow adjusted for CPI inflation is pretty telling: The inflation adjusted Dow is back to 1966.
Here's how a typical TALF deal would work: A hedge fund uses $1 million of its own money and gets a $9 million loan from the Fed, payable after three years, to buy a $10 million asset-backed security, which finances consumer loans.
There's a $700 trillion elephant in the room and it's time we found out how much it really weighs on the economy.
Remember, this isn't some random member of the College Republicans after he's had a few too many; this is an elected member of the United States Congress.
A brief exploration of "neo-Galtism".
The jump in the U.S. unemployment rate to the highest level in a quarter century last month suggests the recession is deeper than the Obama administration forecasts and additional measures may be needed to restart growth.
Freedom Bank of Georgia was seized by regulators, the 17th bank closed this year, as the recession persists and a jump in unemployment pushed more borrowers behind on home loan payments.
Colbert told Cramer. "I got your back here. How dare people like Robert Gibbs or, for that matter, that pinko jon Stewart, attack you after all that you have done? What is it you do again?
If politicians are honest in seeking a culprit, they will find that it’s not capitalism. It’s not greed. It’s not deregulation. It’s an institution created by government itself.
I’ve been groping for the precise word to characterize the zeitgeist of this (unfortunately) historic moment. I know it’s not merely “demoralized.” It’s a something far more dread-laden—a word I finally found during a visit last week to central Mexic
Nonfarm payrolls decreased by 651,000 in February. The economy has lost almost 2.6 million jobs over the last 4 months!
The U.S. unemployment rate bolted to 8.1 percent in February, the highest since late 1983, as cost-cutting employers slashed 651,000 jobs amid a deepening recession. Both figures were worse than analysts expected and the Labor Department's report
The Senate stalled action on a $410 billion spending bill that would fund much of the federal government for the current fiscal year amid resistance over the legislation's huge price tag and more than 8,500 pet projects.
U.S. stock markets plunged 4 percent yesterday as bank shares faltered and auditors for General Motors, the biggest U.S. automaker, warned that the company might not be financially viable.
Deutsche Bank predicted there are risks that the U.S. economy could contract by as much as 10 percent in the first quarter, given the relentless wave of dismal economic data being reported in early 2009.
The S&P500 is now off 56.4% from it's high on October 9, 2007.
Given the trading volumes, you might think these were real firms or something!
This so-called "market segment" (CDS) has become so ridiculously overlevered, unsupervised and able to cause failures that it is now within days or even hours of CAUSING GE to fail - not due to GE's own internal problems...
It's immoral to transfer wealth from the productive to the non-productive members of society. The stimulus and the bailouts will only make the problem worse. Government needs to get out of the way and let the market sort itself out.
We have seen this trend grow over the last 18 months but I fear camps of homeless people will explode over the next 180 days. The problem lies in the fact that these people will be our friends and neighbors...
Civil unrest will break out before the end of the year. The Military and Guard will be called up to try to stop it. They won't be able to. Big cities are at risk of becoming a free-fire death zone.
General Motors' auditors have raised "substantial doubt" about the troubled automaker's ability to continue operations, and the company said it may have to seek bankruptcy protection if it can't execute a huge restructuring plan
"While California, Florida, Nevada, Arizona and Michigan continue to dominate the delinquency numbers, some of the sharpest increases we saw last quarter in loans 90 days or more delinquent were in Louisiana, New York, Georgia, Texas and Mississ
President Obama is approaching his Herbert Hoover moment and the signs are not positive. Every investor understands that if his friends are losing their homes that his investments will start losing money. The other shoe that has not dropped fully
What if the USA's credit score were calculated like our own? What category of home loan would the USA qualify for?
Pramod Kadambi wakes up every morning fearing the world has come to an end. He and his wife don't spend money on anything but essentials. Friends who have lost their jobs visit and cry. He sees war or revolution coming. Gold coins and guns are ne
Recommendations regarding monetary policy/ manipulation & the economy
Dead people are the newest frontier in debt collecting, and one of the healthiest parts of the industry. Those who dun the living say that people are so scared and so broke it is difficult to get them to cough up even token payments.
