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President obama

Larry Summers how to get out of this economy

Here is Larry Summers talking about how we can get out of this economy. The Keynesian approach is to spend more have more confidence and start more lending. Austerity and cutting back has the opposite effect. Without confidence consumers wont spend and since consumer spending is 70 percent of GDP it makes sense to empower […]

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America’s prolonged recession.

The summer debacle of debt crisis and the subsequent credit downgrade has discouraged lots of employers. Hiring froze in the month of August and no new jobs were added. The Feds have not given any new proposals if they will be doing something more for the economy. There is nothing on the table. Congress went […]

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Zero Jobs Created.

NO JOBS ADDED We saw the bruising debt crisis debate? We saw the ultimate US credit downgrade? What do you think it did to the mind set of consumers and employers? It spooked them. In a fragile financial economy any such negative stimulus to the senses does one thing only: It freezes the decision making. […]

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Michele Bachman Wishes Elvis Presley happy birthday

Michele went on stage to wish Elvis Presley a happy birthday on the day of his death’s anniversary. Elvis died on August 16, 1977 about 34 years ago. I don’t know how old Michele Bachman would have been when he died, but this was an earth shattering news. The whole world mourned for Elvis. I […]

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S&P downgrades with a knock out punch to the US

S&P downgraded US Treasury debt from AAA to AA delivering a knockout punch to the groin. Weeks of political wrangling and bickering among members of Congress over Debt deal has taken its toll. The markets are taking it much better than expected as this is the first time in history US debt has been downgraded, […]

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Market’s mini crash 2011

The economic anxiety drove the DOW¬† down 512 point. This was a mini crash of 2011. People are comparing this to 2008 and let me tell you its nothing like 2008. I have been through 2008 and it was something else. The Dow used to swing 800 to 900 point in single event and there […]

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Debt ceiling deal both sides unhappy.

Debt ceiling deal both sides unhappy. So there is a debt ceiling deal in Congress possibly averting a nuclear fallout on financial markets and the world markets to be precise. What could have happened is just limited by your imagination. The debt ceiling compromise has pleased only a handful of people. Harry Reid, Sen majority […]

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Stock Market, Congress, and Debt default

SPX touched 200 day moving average for a short time and got pulled up nicely. The market is behaving nicely so far. Its not going to go up under the political clouds hanging in Washington. This is a first time event, first time calamity and a self created Financial Armageddon as the President puts it. […]

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Whats going on with jobs and Economy ?

Whats going on with Jobs and Economy ? For one thing not enough jobs are being produced. The unemployment rate is stuck at 9.2 % and refuses to budge. This has been the weakest job recovery in any recession in last 50 years. On the other hand I am seeing stellar earnings in corporate America […]

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The debt crisis of 2011

Washington is engulfed in the debt scare that is looming ahead on August 2, deadline. Federal laws requires a $14.3 trillion debt ceiling and Treasury Department has already breached that limit on May 16, 2011. Congress must increase the current $14.3 trillion debt ceiling by Aug. 2, otherwise, according to Treasury Secretary Timothy F. Geithner, […]

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