American International Group has received to date $170,000,000,000 of U.S. tax-payer’s money. The zeroes start swimming in my vision with numbers like that, as my eyes cannot focus on numbers so wide. If the numerals were letters, that’d be enough letters for three four-letter words. Don’t know why I think of four-letter words in the […]
The fickleness of the stock market as a predictor of the economy versus just a responder to the economy played out clearly in the past week. On March 5th, CNN reported that the market had broken a five-day losing streak, bouncing off of twelve-year lows. “The markets opened higher and never looked back, following reports […]
On January 30th, Germany’s news publication Spiegel reported, “The bailout packages aimed at shoring up financial markets in Europe are getting increasingly expensive. A creeping depreciation of currency is inevitable and state bankruptcies can no longer be ruled out.” Chancellor Angela Merkel stated, “There is a rumor going around that nations cannot go bankrupt. This […]
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