Archive for October, 2009

Goldman Sachs says that if they cannot deal in the shadows while forcing Joe Public to work in the center ring with spotlights, they wont be able to steal as much money. That’s not quite a literal translation, but that’s what they meant.

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Motor Vehicles Added 1.7% of the 3.5% GDP Growth…. Thank You Cash for Clunkers! (CHART)

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The Stock Market Reaction to the Challenger Crash. The market figured out the cause in 13 minutes?

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Clunkers: Taxpayers paid $24,000 per car

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Turkey to drop dollar in trade with Iran, China….reported in early October that Russian officials had held "secret meetings" with Arab states, China and France on ending the use of the U.S. dollar in international oil trade.

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Stimulus Jobs "Overstated" By 1,000s

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Democrats want Shareholders’ Rights – Republicans want management to figuratively own the company by legally handicapping owner rights.

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Senate Democrats plan to extend the $8,000 tax credit for first-time homebuyers — can anyone explain their reasoning?

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If you want I can take all your money away spend it on me to help the economy.

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Recession over? Sure doesn’t feel like it

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US economy emerges from recession

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The US Dollar – Then and Now

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The real reason there really are no mortgage modifications – credit default swaps still in play because of the bailouts provide an incentive for the big banks to foreclose wherever possible.

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A Shakesperian Economic Dilemma: Bernanke’s Conundrum

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How 56.5 Million Households Live: $52,000 Median Household Income in 2009 Crushed by a Decade of Debt. A Decade of Lost Wages and Financial Debt Servitude.

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The stock market crashed 80 years ago today. Were the ensuing years following the crash a warning to those who say today’s GDP numbers mean we are in recovery?

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Timothy Geithner said he sees positive signs that the economy is recovering, although the recession remains "alive and acute" for families dealing with unemployment and facing home foreclosure.

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New research from Northumbria University claims that homicide rates are closely linked to the form of political economy that runs a nation.

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If You Thought the Last Bailout of Wall Street Was Disastrous, Here Comes TARP on Steroids

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Ask Economics: Is pulling forward a payment into the current fiscal year ethical?

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