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Economy-budget

  • HOMEOWNERS’ REBELLION: COULD 62 MILLION HOMES BE FORECLOSURE-PROOF?
    23 August 2010 par (Open-Publishing)

    HOMEOWNERS’ REBELLION: COULD 62 MILLION HOMES BE FORECLOSURE-PROOF?
    Ellen Brown, August 18th, 2010 http://www.webofdebt.com/articles/homeowners.php
    Over 62 million mortgages are now held in the name of MERS, an electronic recording system devised by and for the convenience of the mortgage industry. A California bankruptcy court, following landmark cases in other jurisdictions, recently held that this electronic shortcut makes it impossible for banks to establish their ownership of (…)

  • The anatomy of the state. A gang of thieves
    16 August 2010 par (Open-Publishing)

    The anatomy of the state. A gang of thieves.
    by Murray N. Rothbard
    This essay is from Egalitarianism as a Revolt Against Nature and Other Essays by Murray N. Rothbard (Auburn: Mises Institute, 2000 [1974]), pp. 55–88.
    What the State Is Not
    The State is almost universally considered an institution of social service. Some theorists venerate the State as the apotheosis of society; others regard it as an amiable, though often inefficient, organization for achieving social ends; but (…)

  • THERE WILL BE NO DOUBLE DIP…
    16 August 2010 par (Open-Publishing)

    THERE WILL BE NO DOUBLE DIP…
    16.08.2010
    No, there will be no double dip. It will be a lot worse. The world economy will soon go into an accelerated and precipitous decline which will make the 2007 to early 2009 downturn seem like a walk in the park.
    by Egon von Greyerz
    The world financial system has temporarily been on life support by trillions of printed dollars that governments call money. But the effect of this massive money printing is ephemeral since it is not possible to save a (…)

  • The New Push for a Global Currency
    16 August 2010 par (Open-Publishing)

    The New Push for a Global Currency
    Mises Daily: Friday, August 06, 2010 by Llewellyn H. Rockwell Jr.
    You surely didn’t think that the governing elites would let this economic crisis pass without pushing some cockamamie scheme for control. Well, here is the cloud no bigger than a man’s hand, a revival of a 60-year-old idea of a global paper currency to fix what ails us.
    The IMF study that calls for this is by Reza Moghadam of the Strategy, Policy, and Review Department, "in (…)

  • Foreclosures and Mounting Unemployment: Signs of Slowdown in US Economy
    15 August 2010 par (Open-Publishing)

    Foreclosures and Mounting Unemployment: Signs of Slowdown in US Economy Jobless benefits claims at six-month high
    by Barry Grey
    Global Research, August 14, 2010 World Socialist Web Site
    Reports released this week on initial applications for jobless benefits, bank seizures of foreclosed homes and retail sales all reflect a dramatic decline in US economic growth and growing social distress. On Thursday, the Labor Department reported that first-time jobless claims rose by 2,000 last (…)

  • US Bureau of Economic Analysis: Gov’t Pay is About Twice Private Sector
    14 August 2010 par (Open-Publishing)

    US Bureau of Economic Analysis: Gov’t Pay is About Twice Private Sector
    By Rocky Vega
    08/13/10 Reykjavik, Iceland — Recent research out of the US Bureau of Economic Analysis confirms what other analyses have shown… and we’ve come to expect. Government workers are now compensated an average of more than $120,000, or about twice as much as the average private sector worker, who receives about $60,000.
    According to Newsmax:
    “For the past nine consecutive years, federal employees have (…)

  • MASS DELUSION – AMERICAN STYLE
    14 August 2010 par (Open-Publishing)

    MASS DELUSION – AMERICAN STYLE
    Posted on 14th August 2010 by JimQ in Economy
    “Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one.” – Charles Mackay - Extraordinary Popular Delusions and the Madness of Crowds
    The American public thinks they are rugged individualists, who come to conclusions based upon sound reason and a rational thought process. The truth is that the vast majority of (…)

  • Is a Crash Coming? Ten Reasons to Be Cautious
    14 August 2010 par (Open-Publishing)

    Is a Crash Coming? Ten Reasons to Be Cautious
    By BRETT ARENDS
    Could Wall Street be about to crash again?
    This week’s bone-rattlers may be making you wonder.
    I don’t make predictions. That’s a sucker’s game. And I’m certainly not doing so now.
    But way too many people are way too complacent this summer. Here are 10 reasons to watch out.
    1. The market is already expensive. Stocks are about 20 times cyclically-adjusted earnings, according to data compiled by Yale University economics (…)

  • VIDEO: THE BIG INTERVIEW WITH DAVID ROSENBERG
    14 August 2010 par (Open-Publishing)

    VIDEO: THE BIG INTERVIEW WITH DAVID ROSENBERG
    13 AUGUST 2010 BY TPC
    This week’s Big Interview from the WSJ was with David Rosenberg. Mr. Rosenberg is very bearish still and believes the recession never really ended. He says the economy could begin officially contracting as soon as Q4. His forecast is not very rosy so if you’re looking for a good weekend you might want to move along:
    http://pragcap.com/the-big-interview-with-david-rosenberg

  • "We Are Now Paying For The Funeral Of Keynesian Theory"
    14 August 2010 par (Open-Publishing)

    "We Are Now Paying For The Funeral Of Keynesian Theory"
    Fooled by Stimulus, by Eric Sprott and David Franklin
    Despite our firm’s history of investing primarily in equities, we’ve spent much of this past year writing about the government debt market. We’ve chosen to focus on government debt because we fear its impact on the equity markets as a whole. Government debt is an intrinsically important part of the financial landscape. It is the bellwether by which we measure risk, and we believe (…)