There is little doubt that there are many suffering in this country these days. Lay-offs, cut backs and business closures have affected families from coast to coast.
Foreclosures are mounting. In many cases this is not due to those unscrupulous mortgage lenders nor those who signed loan papers on a home they could, [...]
In an emergency action to stave off a feared recession the Fed has cut interest rates by 3/4 of a point, the largest one-time cut in recent memory.
Markets have been going down all over the world over recession worries and now the Fed has taken action.
The Fed said it was cutting the federal funds rate, [...]
When people started getting subprime mortgages, knowing their payments would drastically increase they figured the money would be there for the higher payment.
In most cases they were wrong and many people have had their homes foreclosed. This was the doing of themselves and the real estate agents and bankers who allowed it to go [...]
Just what you need on a busy Saturday…economics. (Like everyone isn’t feeling enough of a pinch in their pockets at this time of the year!)
Seriously though, this video offers many stunning facts on the world ecomony. It really is worth a watch!
Have a terrific weekend everybody!
HT:REDSTATE
I think most Americans believe that many chief executives are over paid and receive both retirement and compensation packages which are well outside the guidelines of most who devote the better part of their life to the workplace.
Well, some of those corporate leaders also seem to feel they are overcompensated for the actual work that [...]
The major media has used every tool at their disposal to inform us that the “Bush economy” has not been profitable to “regular” Americans.
In my mind, if you have strong employment and very low unemployment, it seems to benefit all citizens. Flip at Suitably Flip details the record now held by this Administration [...]
I guess when they say that the economy has been grateful Wall Street and not for the average American, they weren’t kidding.
Americans earned a smaller average income in 2005 than in 2000, the fifth consecutive year that they had to make ends meet with less money than at the peak of the last economic expansion, [...]
Today the Dow closed at a record high of 13,089.89 just 128 days after it broke the 12,000 mark.
April 25 (Bloomberg) — The Dow Jones Industrial Average surpassed 13,000 for the first time after profit reports from more than half of its 30 members bolstered speculation that the biggest U.S. companies will weather slower [...]
With the Democrat leadership in Congress saying they were going to “fix the economy” it appears there isn’t much to fix at least in the job sector, since we are at virtual full employment with a jobless rate of 4.4%.
If you have a 401(k) or similar plan at work check your portfolio and you will [...]
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