Early Dog Days of Summer in Central North Carolina
May 17, 2013 By 1 Comment
Economic recovery is deceptive and perceptive
May 10, 2013 By Leave a Comment
GDP for the first quarter of 2013 registered at 3%, some areas of the economy cannot find the skilled workers needed to fill jobs in the new advanced economy. The technology giants of Apple and Google view a different economy in comparison to the reality. The perceptive is that the economy is gaining a foothold in a real recovery is deceptive to say the least. Apple or Google are similar to New York in their perception of the economy. That perception is very deceptive and dangerous to fundamental core principles destroying and restricting the economy to cause millions to suffer and impacts our country's strength through the state and federal debt that is evolving problem to solve. As several factors continue in America, the economy will continue to remain weak and fragile for many people. The nation's policy on energy is the first major challenge. No real recovery will happen with gas prices at current prices. Second, the long term unemployment crisis is another major challenge that … [Read more...]
America, Europe, and Japan are leaders of a truly global debt crisis
February 22, 2013 By 2 Comments
America, Europe, and Japan are the major economies with a evolving debt crisis, and the cause of a slow global has been pegged on either America or Europe's troubles as Japan has recently been on the world stage as the devaluation of yen or the " currency. wars" has been recently covered in the media. As debt issues are rapidly happening, America and Europe were thrust with Japan in the first months of 2013 with burgeoning debt issues. The argument is that the developed economies and not the emerging economies are facing the same sovereign debt issues. The recent revelations of India and China are facing debt issues that threaten both economies within the next several years. Even though both countries face issues on two different fronts. The sovereign debt crisis is not one countries problem but a problem on a global scale. In India, the emerging economic powerhouse after China has fueled growth with exporting goods from the country, but two exports including … [Read more...]
Greece strike under austerity as America faces sequester
February 21, 2013 By 3 Comments
The threat of sequester in America is the first taste of austerity in the world’s largest economy. A microscopic version of what America faces is on show over in Greece, and the austerity measures are impacting every facet of Greek society. Strikes are commonplace as the latest round of protests as government workers did take part in the planned Anti-Austerity strike to show the people’s anger over the economic situation not showing any improvement but the continued decline of the economic situation. Greece did receive a second bailout package in December, but the citizens were placing hopes in the ease of austerity measures. The austerity still holds firm in Greece with high impact negatives in the country. America faces sequester, and this first round of austerity will be harsh as $85 billion in spending cuts will take place beginning in March. The truth is the slow spread of austerity in America will take longer and be more painful than Greece. Greece is much smaller with Europe … [Read more...]
Humanity has gone to the dogs
February 12, 2013 By Leave a Comment
Sid in front and Cody in the back are 15 year old Jack Russell Terriers. This picture was taken back in 2000. These fellows strive to be human beings everyday. Heart and spirit are our humanity. The dogs seem to have us beat lately. … [Read more...]
Money Musings: US Standard of Living Tailspin
April 21, 2012 By Leave a Comment
U.S. Standard of Living TailspinPosted by Michael • April 18, 2012 So the U.S. standard of living is getting crushed, and the trend shows no sign of abating. That, at least, is the case according to this article:TheStreet.com: US Standard of Living Down 50%+ Since 1970As I wasn’t even around in 1970, I certainly can’t make any sort of personal-experience comparisons to the average standard of living (SOL) then and now.(Though I can pretty much state, unequivocally, that rock ‘n’ roll music was far better then. In that regard, I’m pretty confident that we’ve seen a decline in quality FAR greater than 57 percent. But I digress.)The article’s an opinion piece, and clearly marked as such, but right here’s where the elephant steps on your toe:Using the year 2000 as the numerical base from which to “zero” all of the numbers, real wages peaked in 1970 at around $20/hour. Today the average worker makes $8.50/hour — more than 57% less than in 1970. And since the … [Read more...]
Common Sense in an uncommon world
April 15, 2012 By Leave a Comment
Healthcare- Why allow emergency rooms to be cattle stalls for the uninsured ? All debt is written off for tax breaks by hospitals? The funds could be allocated to subsidize clean community health centers for all citizens. Pay per affordability. One subsidy will provide a healthier physical and fiscal community and lessen costs due to the proactive measures of health in the community Education - American children know safe sex at 18, but personal finance savings and credit is not. Which impacts life first sex or money? Financial System- The Federal Reserve under Ben Bernanke did use every tool to jump start the economy and the consumer banking system. The tools would work as the models predicted or calculations demonstrated, but the aggregate impact could not jump start the economy. The Federal Reserve cut benchmark rates to near zero and flooded the banks with cheap cash for the banks to lend out in the communities, but credit was tight and small business and credit worthy … [Read more...]
Europe’s trifecta is about to ignite a new debt crisis
April 10, 2012 By Leave a Comment
April 10-12:30 pm EST Analysis One-Europe's markets closed on steep losses with Italy taking a 5% at the closing bell. The kissing cousin routine being played with the European Central Bank along with banks in Portugal, Italy, and Spain has fooled no one. The transfer of risk is the only accomplishment in gobbling as much sovereign debt to place a facade of normal conditions in the demand of European debt. The poor bond sales in Spain were spiking yields and fears in Spain and Italy and brought in Portugal using banks to dump bonds and borrow record money from the European Central Bank to submerge it's country ugly sovereign debt crisis. This action is not a true market scenario as it is a bunch of cousins kissing and keeping the mess in the family. Investors and the world gave a loud shout about the real confidence about the European Union debt ridden states. This is a warning shot, and America do not smirk when reading this article because the tick tock on the debt clock grows … [Read more...]
Europe and Spain is smaller blueprint for US debt crisis
April 8, 2012 By Leave a Comment
The debt crisis is being played out publicly in Europe, and the play is country by country in the Euro Zone. The recent debt negotiation by Greece with its creditors was not enough to stave off any additional crisis in the short term. Spain's issues are now coming to the forefront in the sovereign debt crisis. Recent bond offerings by Spain have been received poorly. Refinancing of Spain's debt is essential to keep the country solvent in 2012, and the poor performance of Spain's bond offerings have moved this country solvency to the forefront. What does debt do in a society like Greece or Spain? Are we seeing the same impact in America? When is the tipping point for Europe and America? America is the world's reserve currency and dominates the world's financial system, and we are able to kick the debt can along longer without consequences being realized quickly as in the Eurozone. Basically, America can print more money if needed. It is unwise but a tool at the country's disposal. … [Read more...]
Debt crisis: as it happened, April 4, 2012 – Telegraph
April 4, 2012 By 1 Comment
http://www.telegraph.co.uk/finance/debt-crisis-live/9184585/Debt-crisis-Live.html Debt crisis: as it happened, April 4, 2012 The ECB has left interest rates unchanged at 1pc. Photo: AP By Matthew Sparkes and Amy Wilson Last Updated: 9:09PM BST 04/04/2012 Markets slide on concerns about eurozone as ECB head Draghi says debt crisis and oil prices pose downside risk to region, and Fed indicates less chance of more QE. • Markets fall on fears for Spain and eurozone growth • ECB leaves interest rates unchanged at 1pc • Spanish borrowing costs rise at bond auction • Services data suggests UK escaped double-dip recession • Fed sees less chance of more QE, sends shares lower Latest 21.10 That's it from us tonight, we'll be back with live coverage of the debt crisis first thing tomorrow morning. 21.05 US markets have closed down for the second day in a row: The Dow Jones slipped 1pc to 13,074.75 points, while the S&P 500 also lost 1pc to close at 1,398.96. 20.45 … [Read more...]
