Archive for September, 2009

Update: Senate Committee Votes Down Public Option.

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"The collapse of the housing bubble and its devastating consequences were entirely predictable. Unfortunately, the sociology of the economics profession and economic policy-making is structured so that the voices of those who raised concerns were largely excluded from public debate."

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40% of CEOs looking to slash jobs in the next 6 months.

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The end of the recession, determined by GDP

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FDIC Discloses Deposit Insurance Fund Is Now Negative

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"Federal Reserve needs to cut US Dollar in half over next 14 years" (but.. "you could have a very rapid collapse of the dollar"). Time for the ponzi scheme to switch to SDRs.

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Population growth is not a problem – it’s among those who consume the least.

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Bank of England calls ‘crisis’ meeting for experts

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Fed buys more than 100% of new mortgages in 2009

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Sixty years on, a growing divide in China

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Bill Gross, who runs the world’s biggest bond fund at Pacific Investment Management Co., said he’s been buying longer maturity Treasuries in recent weeks as protection against deflation.

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Al Gore nets $529M U.S. Govt loan for a Finnish hybrid sports car company. Their final product will sell for $89,000. (How does this loan help the U.S. economy?)

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FDIC Proposes Banks Prepay Fees Through 2012, Raise $45 Billion – Bloomberg.com

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UK households borrowed heavily, but their consumption actually fell during the boom!

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Individual Mandate Is a Tax The IRS says it will fine or jail you for not paying Obama’s mandate levy.

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interview with the president of the University of California – interesting read

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Job seekers now outnumber openings six to one, the worst ratio since the government began tracking open positions in 2000

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/r/anticonsumption Enjoy!

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How Well Has The Federal Reserve Performed for America?

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AskEcoReddit: What are some good introductionary books for someone who has never had any schooling whatsoever in the subject of economy?

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