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The "usdebtclock" shows the real number of unemployed over 26 million. Work the math against the workforce number and at the current rate of job losses, we have 3 weeks until we top 20% and see great depression levels of unemployment. Our time is almost up...
Much like the US is becoming, Japan has inflated itself out of business and had to take action to maintain some exports. China, however...is having it's cake and eating it too....holding inflation artificially low while massive growth takes place. A scary amount of goods and alot more food than you think comes from Chi...more
Not only let it fall, but the parties responsible(if there is such a term anymore) need to step up and "adjust" existing mortgages to a reasonable value. Many people thought the prices would just keep going up. Others waited until the bubble burst to purchase only be denied a loan or to lose their jobs.
In the global ...more
Agree with first comment. An improvement should be when we add jobs, not when the number losing jobs drops a little to "only" 473,000 for this week instead of 500,000 expected.
"Step right up folks, get your rosy glasses and kool aid...pay no attention to the man behind the curtain"...
I have to agree, when you start looking at the facts, it's not good. The "real" unemployment numbers....the drop in housing sales and new construction at a record low...the pages and pages of bankruptcy notices...the national debt and trade deficit that keeps growing at Billions a month...all spells the end of the road...more
Gee I don't know...when the media reports controls how stocks perform, not the fundamentals....
When big traders use multimillion dollar super computers to effectively cut in front of the little guy who just pushed the buy or sell button and is waiting for confirmation...
When we are fed so much cool aid and given ro...more
As an SE I tried to patent a very good and simple invention into a small category of inventions. I got a Chinese patent examiner which after I waited almost 3 years gave my application a half-a$$ed review and ultimately combined several prior art items(they aren't supposed to do that-think about the clock radio inventi...more
Nothing major has changed...we need tariff increases on imported goods.
We need a "responsible" fed to jump in and push writedowns on all these overpriced homes that were sold which people are now stuck with, which has pushed our cost of living up substantially. I won't be holding my breath there.
There are too many...more
7/23/2010
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