At the start of last week, economists were feeling rosy. They thought housing was up, and the stock market was up after a long fall. They even thought the job market was doing better. Meanwhile, I continued to wonder why they continue to get paid.Â
As you read this article on Democrats vs Republicans when it comes to who did better or worse with the U.S. national debt, bear in mind that I am an independent voter. I cast my virgin vote for Ronald Reagan. I voted for President George II … but only the first time! After installing Bush […]
At the beginning of last week a big financial advisor proclaimed that the markets’ little downturn meant nothing. The market would go right back up. He was certain that Europe’s problems that week would quickly be yesterday’s worries. He gets paid too much to be that certain about that much and be that wrong. I […]
The news of the week centered on Europe where no one knows how to clean up the Greece stain that smears the euro image. Greece ironically elected Nazis to fight German austerity last week. France joined in the fight with a hard left-wing punch to Sarkozy, knocking him flat on his French derriere and replacing him with […]
The first and most notable thing I did while working on this website last week was laugh at the optimistic headlines I was posting. MSNBC reported, “New claims for unemployment benefits tumbled more than expected in the latest week, raising hopes that the job market remains on the mend.” NPR reported the same story this way: […]
Some people predict the economy is going down in order to sell gold. I call them the “gold bears.” Others make economic predictions as a way of guiding people in their stock or bond investments. They are the golden calves of the Wall Street bull. I have completely different agenda than either. The gold bears […]
Splintering sounds ruptured the euro zone as it, again, became the big leader in economic news last week. The prior week emitted a couple of loud cracks when Spanish bonds sailed to unsustainable heights. This past week the austerity pact, which was intended to stabilize those bond prices, became the new threat. Political instability broke […]
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