I’m seeing a lot of comparisons in the news between the current recession and the Great Depression of the 1930s. There are lots of comments such as, “This is the highest number of foreclosures since the Great Depression”. [...]
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Now that the bailout bill has been signed into law, it’s time to weigh in. Like many Americans, I feel that we have been sold out by our Government. [...] According to the Associated Press, the World now has 10 million millionaires. Growth Stats The great news is that there has been a 6% increase in the number of millionaires worldwide and their wealth increased by 9%, last year. Whatever your opinion on the morality of accumulating wealth, the fact that wealth is increasing worldwide is of benefit to everyone. [...] The Big Squeeze The Consumer Price Index rose 4.1% in 2007, which was the biggest increase since a 6.1% jump in prices in 1990. Average weekly earnings, after adjusting for inflation, dropped by 0.9% in 2007, the biggest setback since a 1.5% fall in 2005. Economics are Boring Let’s face it, Economics are boring. They are boring to me. They [...] Well, it was a rough start to 2008. The new year was ushered in with a big drop in the Dow and a rise in oil prices up near $100 per barrel. Although the first day shouldn’t be taken as a harbinger for the entire year, it wasn’t a welcome nor a pleasant way to start off a new year. The Underlying Problems As I [...] |
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