Evidence of de-coupling in Canada
Despite a several decade high in the value of the Canadian dollar and declining consumer demand in the United States, the unemployment rate dropped to a 33 year low of 5.8%. It’s probably too early to say Canada has officially de-coupled from the United States, but this evidence can not be ignored. Cause for Optimism?
My writing has been so negative lately, I thought I would try to be positive for a few moments and see how it feels. Last call
It’s early morning and the bar is about to close, but until it does, all the booze you need to wipe away your pain will continue to flow. There’s no need to worry, Ben “the bartender” Bernanke will hook you up. Fix the price of gold? Think again.
Many have long suspected government and central bank manipulation of gold prices, but in this case, as all others, eventually the market overwhelms incompetent bankers. A watchdog group is now claiming that half the American gold reserve has been sold in a failed attempt to end the rally by flooding global markets with excess supply. Be on guard against “New Deal 2″ and useless stimulus packages
The fallout over this economic crisis may include disastrous impulsive reactions against free market capitalism. The enemies of freedom will argue that greed caused the subprime mess, therefore we need a new system that punishes those disgusting greedy corporations to benefit suffering innocent working poor families. I have already seen several editorials blaming a lack of regulation and demanding the government reign in the evil bastards on Wall Street. Bernanke fiddles while Wall Street burns
Do something you idiot. It’s incredible how a Professor who earned much of his fame by criticizing the Federal Reserve’s ineffective communication strategy is proving to be one of the most incompetent communicators in recent history. How to save America
The fundamental problem with America’s economy is an obsession with wasteful consumption. Until that is resolved, nothing will change in the long run. It has become normal and acceptable for people to exploit easy credit for housing, cars, appliances, electronics, or anything else you can charge to your plastic card. Six Asians and an American are stranded on an Island…
They recognize that nobody is coming to save them and agree to divide some jobs amongst themselves in preparation for a long exile. One of the Asians does the fishing, another one does the hunting, another gathers the fruits, another gathers building materials for shelter, and so on. The American’s job is to eat. Project for a new Chinese century
It’s ironic how the nutcases pushing an actively hegemonic American foreign policy in the name of preserving American power will ultimately be responsible for destroying it. The ineffectiveness of central planners, whether they be in government or in central banks, to tame foreign nations or calm unnerved markets is evidence the elite are losing control. Insiders readily admit nobody has a clue how to handle this colossal shift of power. The world is not coming to an end
I’m getting tired of reading doomsday posts by people who really don’t have a clue. Many corporations, including financial institutions, will find themselves in serious trouble but the entire world will not return to a barter society anytime soon. |
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