Image via Wikipedia Reuters is reporting that Goldman Sachs beat earnings expectations for the first quarter. And with such news the trading firm plans on having a common share sale worth $5 billion dollars which the firm intends to use to pay back the federal government. In an interview with the National Public Radio on April 8th [...]
April 12, 2009
Image via Wikipedia After implementing their fourth stimulus package, the Chinese Prime Minister Wen Jiabao has announced that his country is seeing signs of a ‘gradual recovery.’ This is amazing when compare to the idea that China’s economy is still expected to grow 5% this year. That is a slow down for them. Across the Pacific, President Obama [...]
April 6, 2009
Image via CrunchBase In a piece by Andrew Kramer, called "Russian Auto Bailout Protects Jobs, Not Efficiency," the New York Times argues that Russia's bailout of their car industry is just bad economics. Really? How can the New York Times run such a story on the Russian car bail out while never outright criticizing the American car bailout? Stories like [...]
April 5, 2009
Niall Ferguson is one of the most prolific and articulate historians in modern times. I am personally a big fan of his work and encourage everyone to read it. His "War of the World" has been my staple gift for the last six months. In this piece by MSNBC, Ferguson is one of many experts who [...]
April 3, 2009
World markets took a huge jump today after the United States posted stronger than expected economic figures. This is great news and it shows that this fire and brimstone prophecies are nothing but another tactic in controlling people. I say this because while some will view this and spin it as a direct result of the [...]
March 28, 2009
Image via Wikipedia Gallup is reporting that in their latest poll Americans feel more optomistic about the economy. I think this is a result of the President Obama's hands-on approach in trying to navigate to a solution to this crisis. While there is very little evidence that he or his team know what they are doing [...]
March 27, 2009
Image by Getty Images via Daylife Concerned over the weakening of the dollar and the pessimistic forecast for the world economy, China has proposed the creation of a world currency. Zhou Xiaochuan, China's Central Bank Governor is urging the International Monetary Fund to move towards what he called a "super-sovereign reserve currency." This comes after the United [...]
March 21, 2009
USA TODAY is reporting that the federal government is pumping in close to $1.2 trillion dollars into the economy. What gets me is where is this money coming from? Everyone just knods their heads and agrees that to no take such actions would amount to a "greater depression." Yet they have not explained what the consequences [...]
March 18, 2009
From the time I was a little boy I have alway been fond of the idea that you get what you put into it. That if you work hard your reward will be good and if you slack off, your pitiful return will be deserved. This is a great American tenet, and one espoused by the majority [...]
April 14, 2009
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