What Was The QE3 Announcement – What Does It Mean? Here is what the Fed announced: The central bank will buy $40 billion of mortgage-backed securities a month, and is willing to take more action if the labor market doesn’t improve, … Continue reading →
The first two rounds of Quantitative Easing haven’t done anything to improve the economy, only prolong the pain and agony that so many are now going through. The US economy cannot be doing well if we have this many people … Continue reading →
Here’s a recipe for disaster: “ the Fed will keep injecting money into the economy until growth picks up and unemployment starts dropping significantly.” QE1 and QE2 didn’t work, so now we need QE3. You would think that they’d learn, but … Continue reading →
Haven’t covered too much about the economy lately; I hit on the economy so much last year that I want to make sure that we cover other things as well. However, it’s important to realize that the economy is still … Continue reading →
I came across this article recently and it floored me. I’ve had some trouble trying to validate that there are 100 million people in the US that are at or below the poverty level, though I am easily finding data … Continue reading →
An anyone that watches Glen Beck knows, He has come up with a list of nine principles and twelve values. Today (03/13/2008) on his “We Surround Them” episode, Glen unveiled his new website, The 912 Project. Glen says the site … Continue reading →
I stopped by Walmart in my local area on a whim to check for ammo and I wasn’t surprised to find nothing more than shotgun shells and odd-calibre stuff. An employee stopped my to ask if I needed help and … Continue reading →
TREASURY BILL IS TRADING NEGATIVE FOR FIRST TIME EVER For the first time ever, the 3-month Treasury Bill has a negative rate of return: “If you invested $1 million in three-month bills at todays negative discount rate of 0.01 percent, … Continue reading →
The National Bureau of Economic Research, a private organization, proclaimed today that we entered into a recession in December 2007. Yup, you read that right: December 2007. It took this whiz-bang groups of economists a full year to figure out … Continue reading →
