Archive for January, 2012

Goldman’s Sacks of U.S. Gold — Bailout Bonus Bonanzas

Posted January 26, 2012 By David Haggith

There are more thousand-dollar bills stuffing the suit of a Goldman Sachs executive than there are straws in a scarecrow. The Wall Street people who piloted us all into the Great Recession have overturned banks that received more than a trillion dollars in free loans and outright gifts from beleaguered tax-payers. They could not have […]

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Economic News Articles – Archive for Week of 01-15-2012

Posted January 23, 2012 By David Haggith

Last week was a slow news week when it comes to the economy. Nothing continued to happen just as nothing has happened for months with respect to any resolution on the euro crisis. Businesses turned in mixed results for the year, but mildly better in some quarters than expected. The Iranium Reaction continued to simmer. […]

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Business As Unusual for The Federal Reserve Even After Audit

Posted January 17, 2012 By David Haggith

Senator Bernie Sanders said that the Fed’s bailout programs are “socialism for the rich and rugged, you’re-on-your-own individualism for everyone else.” (This is what makes this such a great recession for those rich ol’ boys with government-issue golden parachutes.) It’s been half a year since the audit that Sanders and Ron Paul pushed for revealed that […]

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Economic News Articles – Archive for Week of 01-08-2012

Posted January 17, 2012 By David Haggith

The big news of the past week was that Standard and Poor’s followed through on downgrading the credit ratings of several European nations. European leaders responded with indignation as they fortified their delusion that they should be forever above credit downgrades so long as they are “working” on a solution. Beyond the borders of Delusia, […]

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European Leaders Really Don’t Get It!

Posted January 14, 2012 By David Haggith

European leaders dawdle as if they have all the time in the world to solve their credit crisis. Their minds are so fixed around power and control that they do not understand they are not the ones in control of when the euro crisis will spin out of control: European leaders on Saturday called “incomprehensible” Standard […]

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The Great Recession Unemployment Game

Posted January 12, 2012 By David Haggith

The difference between a recession and a depression is whether you are in it or looking back at it. “Depression” is the D-word no one wants to use for their own time. It is kept at bay by another D-word – “Denial.”  If the government believed as it said that the recession ended in June of […]

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Economic Predictions for the Great Recession in 2012

Posted January 10, 2012 By David Haggith

In making 2012 predictions, I cannot do worse than Harold Camping did in 2011. He missed the end of the world entirely — THREE times — yet he still kept his followers and collects millions! He may head a non-prophet organization, but he sure knows how to turn a profit. Let me start by predicting […]

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Economic News Articles – Archive for Week of 01-01-2012

Posted January 9, 2012 By David Haggith

The new year started off mildly as people digested their New Year’s Day meals along with the economic news. People are watching and waiting to see what the year 2012 will bring. For the U.S., signs of thaw appeared in the foreground, but on the European horizon hovers a foreboding storm — a sort of […]

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Economic News Articles – Archive for Week of 12-25-2011

Posted January 3, 2012 By David Haggith

The last week of the year ended flat. U.S. stocks, after months of near-record volatility, ended the year about where they began. Jobs, likewise, did not improve all year. A slight jobs uptick fed the market bulls, but it means little, as one should expect a temporary rise due to holiday hiring in the retail […]

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