Whether real or artificial, hopes of an economic recovery got a huge slap this morning, courtesy of the data patch. Here‚Äôs the quick and dirty, so listen up Fernandina Beach.
Tag Archive: economy
The rest of the world still looks quite angry at the U.S. and Washington for allowing the world financial markets to derail last year.
Never before has the stock market surged this far, this fast, between the time of the low and the time the recession (supposedly) ended.
Does anybody notice that the name Kashkari is close to Kash & Karry? His testimony last week as Assistant Treasury Secretary resembled a slippery snake oil salesman.
Consumer surveys show serious concern over mounting U.S. job losses, and negative views of the Obama administration’s strategy for economic recovery. U.S. home foreclosure activity rose to a record high in the first half of the year, still the market closed up for the week.
The Recession is Over
Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it. -Ronald Reagan (1986)