Archive for February, 2012

Economic News Articles in the Great Recession — Archive for the week of 02-19-2012

Posted February 27, 2012 By David Haggith

The biggest news to hit the economy during the past week was the impact of the Iranian conflict on oil prices. The news today is that the escalating price of oil is beginning to weigh down on the stock market’s rally. At the beginning of the year, I predicted that “an uptick in the Iranium reaction  would […]

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The Ultimate Unemployment Reading List for Inspiration

Posted February 24, 2012 By David Haggith

You may not be able to save the country from its uninspired politicians or the world from bankers gone bonkers, but you can creatively employ a period of recess like the Great Recession toward enhancing your own life. I know that is what I am doing. I’m creating writing opportunities out of these days of […]

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Economic News Articles in the Great Recession — Archive for Week of 02-12-2012

Posted February 22, 2012 By David Haggith

Two major trends for the Great Recession in the Year 2012 can be discovered from the headlines of the past week. One must be sifted out with a little insight. The other hits you between the eyes with all the subtlety of a missile: The first is a clear report from multiple sources that China […]

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Economic News Articles in the Great Recession — Archive for Week of 02-05-2012

Posted February 13, 2012 By David Haggith

All the king’s men re-evaluated their economic predictions during the past week because of the most positive job figures in the U.S. to date. However, even Fed Chairman, Ben Bernanke, cautioned that the job statistics that are collected leave a lot unsaid. I feel the market was overly optimistic. The Europeans went all week without […]

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Mortgage Foreclosure Fraud Settlement Is Payoff TO Bank of America, Wells Fargo & Chase

Posted February 9, 2012 By David Haggith

While the Obama’a administration touted the news of the largest class-action payoff since the $350 billion tobacco settlement, I say the payoffs by banks for their mortgage foreclosure fraud are the largest travesty of justice in history. The corks are popping and so are banker’s buttons over the feast they will celebrate tonight. See why […]

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Economic News Articles in the Great Recession – Archive for Week of 01-29-2012

Posted February 6, 2012 By David Haggith

In predicting for 2012 that the U.S. economy would get worse and that the world would continue to drift deeper into the Great Recession, I also said that the small unemployment improvements that everyone crowed about over the holiday season would unravel as temporary workers were laid off. That did happen for the first couple […]

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Economic News Articles in the Great Recession – Archive for Week of 01-22-2012

Posted February 6, 2012 By David Haggith

It was a big news week with jobless claims following my predictions for the first part of the new year and rising due to layoff of seasonal jobs. Those trying to resolve the euro crisis continued to find no traction for their efforts. The Federal Reserve hinted at a possible third round of quantitative easing, […]

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The US Federal Reserve for Dummies: What is the Federal Reserve System and What is the Gold Standard?

Posted February 5, 2012 By David Haggith

This is the story of a bank that is not a bank as well as a government regulatory agency that is not government. The following explanation of the Federal Reserve is simpler than more complete versions you can find all over the web, but that’s why I’m writing it. It’s hard to find a simple […]

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The Moron’s Guide to Money: What gives money its value? And what is the gold standard?

Posted February 5, 2012 By David Haggith

O.K., you don’t have to be a moron to not know how money — especially paper money — gets its value. I learned some things, too, as I did the research for this article. To start with, money may not be what you think it is. Ninety percent of the money in the United States […]

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