Showing posts with label Economic Crisis. Show all posts
Showing posts with label Economic Crisis. Show all posts

Monday, September 20, 2010

Recession was over more than a year ago? Ignorance really is strength.

The National Bureau of Economic Research says the worst recession since WW II ended June 2009.

If that's true, then the current recession started in July 2009.

Seriously, is anyone buying this?

Saturday, February 27, 2010

Remember - The Peon Pulpit Called It First

Remember back in 2008 when I made my first stock market prediction and was somewhat amazed that it failed to even come close to being accurate? At the time I suggested that perhaps the Fed was covertly purchasing stocks to prop up the market artificially:
It does seem like every time the market makes some huge drop (like 11/13/2008's -554.11 drop) it makes a remarkable close up the next day (11/14/2008's 324.88

Could it be bargain hunters? Or could it be the Treasury/FED monster propping up the dead?

Either way, you heard it here first.


Well it appears that now I'm not alone in my suspicions:

Friday, August 07, 2009

Will The Economic Crisis Descend Into Violence?

It sure seems like it might. As the economy gets worse, politics it seems, is getting to be a rough business. American politicians have rarely had to deal with this sort of belligerent constituent rage, and it has appeared on the public stage suddenly and in a widespread fashion.

Nancy Pelosi and others blame these spectacles on conservative special interest groups. And to some extent, she's right. But it appears that all they are doing is tapping into a well of anger and distrust many Americans are obviously feeling.

I don't think the general public nor the politicians have caught onto how deep into an economic crisis we are. And in times of national struggle, such as we find ourselves, everyone must be on their best behavior to avoid widespread civil unrest. We can hardly afford that sort of thing now.