Wednesday 4th December
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Public sector shedding 35k jobs a month — Republicans block bill to prevent further losses
Written on 25 Oct, 2011 at 8:03
State budgets have to be suffering from reduced income and sales taxes, don't they? Higher unemployment obviously means fewer people working and those that are still working... are making less money, so it stands to reason that income tax... (Continue reading)
WSJ Surveys Economists… US Incomes Won’t Make Up Lost Ground Before 2021
Written on 16 Oct, 2011 at 19:29
Yesterday, for the first time since the recession began, the Wall Street Journal survey of 50 economists now say that incomes in this country have been falling since 2000 and they don't expect us to make up the lost ground... (Continue reading)
The Recession is Over! Long Live the Recession!
Written on 11 Oct, 2011 at 12:33
Look people... don't get bummed out about this study, because a few years from now the NBER is probably going to refer to today as having been a peak. ... (Continue reading)
Finally 60 Minutes Shows It – But, it’s not news… and it’s late.
Written on 7 Mar, 2011 at 10:49
Just think about it... millions of children being evicted from homes while according to the latest Fannie Mae survey, 53% of Americans blame the borrowers for buying homes they couldn't afford... do you know how stupid that sounds? ... (Continue reading)
Fannie Mae’s Latest Housing Survey Shows Many Have No Idea What’s Happening
Written on 1 Mar, 2011 at 6:33
When that is understood by the majority of Americans, I believe we will finally be ready to throw away the meaningless distinctions, "responsible homeowners and irresponsible homeowners," and we'll return to just being American homeowners. ... (Continue reading)
AMERICA LOST: Treasury’s meetings with bloggers tells a story that I didn’t want to hear.
Written on 30 Aug, 2010 at 10:34
It made me sad to know what Treasury Department officials had said about the foreclosure crisis and HAMP... very, very sad. In fact, I can't think of another time in history when my government acted as these guys have... (Continue reading)
Apparently Europeans Handle Bad News Better Than We Do
Written on 26 Jul, 2010 at 17:49
Because, believe it or not, not everyone agrees with our Treasury Secretary, or our President for that matter, when they say that our economy is "on track". In fact, many think that quite the opposite is the case, and... (Continue reading)
Books I’ve Loved Reading… The Great Depression Diary
Written on 31 Jan, 2010 at 15:09
The Great Depression Diary By Benjamin Roth Benjamin Roth was born in the last years of the nineteenth century, passed the Bar Exam during the Roaring Twenties and was a practicing attorney in 1929 when over a few days in... (Continue reading)