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Money and finance
All things money and finance. Blogs with the latest news, information and trends.
Economic Downturn More Troublesome than Predecessors
What makes this downturn different and more troublesome than its predecessors is the downside potential for consumer discretionary spending. The level of non-housing durable goods assets on household balanceContinue reading →
Goldman Sachs Makes Money
When your government gives you the greatest license to steal in financial history and also finances you 100%, you‚Äôd better be able to make some serious money‚Ķ..and Goldman Sachs does.Continue reading →
X Marks the Spot
X marks the spot as the S&P 500 Index closed the week below its 200 day moving average. That‚Äôs bad news for stocks folks. Economist Robert Reich was quoted todayContinue reading →
High Five Ron Paul
Say ‚ÄúHigh Five Ron Paul‚Äù! Long time congressional Federal Reserve foe Ron Paul has submitted a proposal that could give lawmakers sway over monetary policy and it has wonContinue reading →
Eight Million are Unemployed and Collecting Nothing
Seven million people are collecting unemployment benefits, and another eight million are unemployed and collecting nothing! People right here on Amelia Island, Florida, are included in these numbers! ThereContinue reading →
AngelFood Ministries to the Grocery Budget Rescue
The other day my wife gave me a leaflet that said Angelfood Ministries in the Header, followed by 6 outlined boxes with a food package program. It was laying onContinue reading →
Credit Card Delinquency Could Get Worse
Credit card delinquency figures could get worse, bringing to mind the rock classic, ‚ÄúYou Ain‚Äôt Seen Nothing Yet.‚Äù Ever after today‚Äôs record report delinquencies jumped to 6.6 percent ofContinue reading →
Talk of a Second Government Stimulus Plan
Stocks fell to their lowest level in 10 weeks on Tuesday as talk of a second government stimulus plan heightened fears that the economy is not on the path toContinue reading →
Green Shoots May Turn into Manure
World famous economist, Nouriel Roubini, is quoted today‚Ķ.‚Äùalleged ‚Äògreen shoots‚Äô are mostly yellow weeds that may turn into brown manure,‚Äù my sentiments exactly. S‚Ķ! Please ask yourself, ‚ÄúwhatContinue reading →
There Has Been Too Little Regulation of the Economy
Most recently, the current economic crisis is said to be caused by the ‚Äúexcesses‚Äù of economic freedom and ‚Äútoo little regulation‚Äù of the economy, especially financial markets. This is saidContinue reading →
New Tax on the Middle Class
Once again the US Senate is thinking up ways to tax the middle class by placing a national excise tax on sugar-sweetened beverages to fund health care. Early estimatesContinue reading →
Ron Paul in his Weekly Address
In his June 22nd weekly address, Ron Paul said, ‚ÄúFrom their spending habits, an economic collapse seems to be the goal of Congress and this administration.‚Äù He also said DemocratsContinue reading →
Stocks Tumbled in a Steeper than Expected Slide
Stocks tumbled on Thursday, driving the S&P 500 down to its third-straight weekly loss, as a steeper-than-expected slide in June non-farm payrolls revived caution about economic recovery prospects. News thatContinue reading →
Total Stimulus Benefit to the Personal Sector
In April, total stimulus from the federal government to the personal sector, in the form of tax reduction and increased benefits, came to $121 billion at an annual rate. ButContinue reading →
The Daily Market Report
Several states failed to reach budget agreements last night. Arizona, California, Illinois, Ohio, North Carolina and Pennsylvania have still not approved their budget for 2010, in spite of last night‚ÄôsContinue reading →