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Category Archives: Economics
Greece: Bank Runs, Nazi Party Getting Votes – This Sounds Strangely Familiar
Zero Hedge – Has The Greek Bank Run Started? Minutes ago Bloomberg sent out a notice that things in Greece may be on the verge of the final collapse. From Bloomberg: “Anxious Greeks have withdrawn as much as 700 million … Continue reading
“You’re not stabilizing the market. You’re creating more chaos.”
“You’re not stabilizing the market. You’re creating more chaos.” It’s only taken six years to learn, but the lesson may finally be sinking in: Public policy designed to keep bad borrowers in homes they don’t want to pay for has … Continue reading
This is Your Train on Drugs: Garbage In, Garbage Out
Now we know how California’s high speed train got approval. They lied about everything in the study justifying its construction. City Journal – Solyndra Times Seven: The bullet train’s “reasonableness of financial estimates” is questionable, beginning with the project’s revenue … Continue reading
Baltic Dry Index Hits 25 Year Low
Wall Street Journal – Baltic Dry, Dr. Copper Flashing Warning Signs: Also, the Baltic Dry Index, which tracks the shipping rates for bulk commodities, had sunk to 647 on Feb. 3, the lowest level in more than 25 years, before … Continue reading
OUT: Paying with Dollars IN: Paying with PayPal, Gold
Internet Retailer – Home Depot to roll out PayPal in stores nationwide: Six weeks after The Home Depot Inc. began testing in-store PayPal acceptance, the national hardware chain has set a schedule to make the payment method an option in … Continue reading
Stockton, California Shuffling Towards Bankruptcy
Mish – Stockton California, Population 292,000, Takes Steps Toward Bankruptcy, City Manager Says: Stockton, California, may take the first steps toward becoming the most populous U.S. city to file for bankruptcy next week because of burdensome employee costs, excessive debt … Continue reading
US Debt to GDP Passes 101%
Zero Hedge – As US Debt To GDP Passes 101%, The Global Debt Ponzi Enters Its Final Stages Most people still think of China as buying our debt, but China is unloading U.S. debt. The biggest buyer of U.S. debt … Continue reading
Posted in Economics
Tagged china, gold, inflation, national debt, silver, the fed, what could possiblie go wrong?
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High oil prices causing stress on the economy
Gas prices highest ever at this time of year Senate Passes Payroll Tax Extension, Gas Price Increase Has Already Offset Benefits Via Glenn Reynolds.
Are you better off now than you were $5.17 trillion ago?
The Weekly Standard – The Cost of Obama: Adding all of this up, deficit spending during Obama’s four years in the White House (based on his own figures) will be an estimated $5.170 trillion — or $5,170,000,000,000.00. To help put … Continue reading
Chris Martensen: High oil prices are a cause of recessions; at these prices economy can’t heal
Chris Martensen - Why Our Currency Will Fail: Also note in the most recent data that oil prices happen to be at roughly the same level that triggered the first recession in 2008 (the purple dotted line). If we needed … Continue reading
Did High Oil Prices Cause the 2008 Recession? What About the 2005-2006 Housing Market Collapse?
It’s a theory. One that’s better explored here. I’m curious about how this ties in to the housing story. The U.S. housing bubble peaked in 2005-2006. That was before the 2007-2008 oil shock, but gas prices were trending very high … Continue reading
Greece Default, Credit Default Swaps, and the Recent Stock Market Gains
Charles Hugh Smith thinks they’re related.
Too Much of Everything: Car Companies
Saab Is Dead News, Videos, Reviews and Gossip – Jalopnik. It happened in December, but I completely missed it. They’re even emptying the Saab museum. Kinda sad.
California Dreamin’ is Meetin’ with Reality
How Much Could California’s Government Pensions Cost Taxpayers?: This week both of California’s largest government employee pension funds, CalPERS and CalSTRS, released their portfolio earnings numbers for the most recent twelve months. In a statement released on January 24th, “CalSTRS … Continue reading
"The Coming Paradigm Shift in Silver"
A persuasive case for much higher silver prices.
The Sale on Gold and Silver is Over
I hope you got some while it was on sale. If not and you’ve been wanting in, you probably shouldn’t wait. I’m just a simple caveman, but I think the days of gold in the 1500s and silver in the … Continue reading
The Fool in the Shower
‘Fool in the Shower’ to Give Fed a Good Scalding: Caroline Baum: What the Fed is saying, in essence, is that as the economy improves, it’s appropriate to provide as much stimulus, or support, as it did in late 2008, … Continue reading
Good News, America!
Our government maxed out its credit line, so it raised the limit on its credit card, which we get to repay. Update: America Has A $16.4 Trillion Debt Ceiling
Posted in Economics
Tagged good news everyone, national debt, this is me being sarcastic
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California Dreamin’ is Meetin’ with Reality
CalPERS Earned 1.1% on Investments in 2011, Plan Assumptions are 7.75%: The nation’s largest public pension fund, the California Public Employees’ Retirement System, posted a 1.1% return on its investment portfolio in 2011, Chief Investment Officer Joseph Dear told his … Continue reading
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