A 25 Billion Dollar Secret: The NY Fed, Goldman & The AIG Cover-Up - Home - The Daily Bail
Back room deals to help wall street. No question who owns our government.
Focusing on current trends and ways to profit from them "There's a sucker born every minute. These are the people who believe that this time it's different. "
Friday, November 6, 2009
U6 continues its climb and U3 cross 10%
Table A-12. Alternative measures of labor underutilization
Headline goes 10.2% and real unemployment 17.5%. Ouch
Headline goes 10.2% and real unemployment 17.5%. Ouch
Thursday, November 5, 2009
Labor Data: Milking More Blood From Stones – 24/7 Wall St.
Labor Data: Milking More Blood From Stones – 24/7 Wall St.
Could not say it better. We are deflating wages, driving harder and not hiring. Not a sign of recovery by any means.
Could not say it better. We are deflating wages, driving harder and not hiring. Not a sign of recovery by any means.
Wednesday, November 4, 2009
Business Bankruptcy 2009 update
http://doomisnigh.blogspot.com/2009/08/business-bankruptcy-fillings.html
Back in August I thought my predictions would be close to target but second Quarter blew past my prediction of 15+ thousands. Topping 16 thousands which is bad a record for any quater and almost matches all of 2006 the last 'good' year. Also 2nd QT is typical the slow quater for BK. I would imaging the Q3 numbers will be even worse and one wonders what the Citi BK will have (A spike would not surprising as credit dries up sales at smaller merchants). In short big problems in the business sector.
Back in August I thought my predictions would be close to target but second Quarter blew past my prediction of 15+ thousands. Topping 16 thousands which is bad a record for any quater and almost matches all of 2006 the last 'good' year. Also 2nd QT is typical the slow quater for BK. I would imaging the Q3 numbers will be even worse and one wonders what the Citi BK will have (A spike would not surprising as credit dries up sales at smaller merchants). In short big problems in the business sector.
Threat Of Downgrades Has Mexico In A Downward Spiral
Threat Of Downgrades Has Mexico In A Downward Spiral
We should be very concerned about Mexico spiralling downward....
We should be very concerned about Mexico spiralling downward....
Mish's Global Economic Trend Analysis: Prichard Alabama Files Bankruptcy Over Pensions; Wildcat Strike In Philadelphia; Oregon's Financial Gamble
BOA raises rates after claiming it would do not such thing
http://www.thestreet.com/_yahoo/story/10621353/1/bank-of-america-reneges-on-card-costs.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA
Just making the case the government needs to over see the Credit Card companies.
Just making the case the government needs to over see the Credit Card companies.