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I believe that if $85 billion from 1 month only of so called quantitative easing (easing the money reserve most likely) is going back into the economy will reverse the cuts for 1 year, if I am not mistaken. Is it that hard to see?
Can you imagine what if all that money will go where there are really needed?
Buying bad assets from the banks is called pumping money into the economy?
Can anybody give an example on which the stimulus actually was used directly in the economy?
Meaning manufacturing, construction (not destruction like giving money to the banks for bad loans (!?) and then while the house was paid, foreclose ...more
So the employment is good, is on the right track, but the unemployment went up 0.1%.
Another article, cannot remember by whom, said that this is because of the new workforce (recent graduates …) entering the field; this seems like a reasonable explanation.
But when the new jobs added are increasing but slower than...more
Yes, let’s focus on the few companies left that are still making money; either with fewer employees or outsourcing or both. Do not worry about the fiscal cliff because is something imaginary; the government will push the limit from 16 trillion to 32 (and the market will be so happy that all the internal problems are so...more
It doesn’t matter who wins when it comes to the economy: the government does not create jobs other than the ones in the offices that it runs. Actually the government needs to cut jobs on its own staff because is a dream to work for more money, less responsibilities and tons of benefits – is time to become efficient; an...more
Please remember that all the "stupid" people with low income are providing food (agriculture or food industry), shelter (construction) or safety (firefighters or police), and the list can go on.
Be careful whom you call stupid because the one who is yelling harder "thief" is the actual one (as the saying goes). You ...more
So let’s recap: to retire comfortable at 65 you need to start at age of 5 and save for the next 60 years with the gold thought in your mind that everything is the same for the next 60 years. All the child labor advocates please help the kids get some jobs and do not complain any more. As for the one that wrote this art...more
Buying those bonds is like buying a black and white TV with the promise from ECB that it will turn in a colored one; maybe, but are you still alive to see it? I still think like… never. To reduce a deficit of over 1 trillion by doing cuts that in the end are still increasing you debt but slower is brilliant. I like whe...more
12/9/2011
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