All we do here in the U.S. is play around with our money by adjusting interest rates, infusing cash into the system, or stimulus packages. There is no talk of real economic growth, which is for us to produce more. Just more bullshit from our leaders.
If you study the analogy of the US economy to [...]
“The economy has suffered a heart attack. It needs careful attention,” said Mohamed El-Erian, co-chief executive officer of Pimco. Economists at Goldman Sachs and other top firms are ” steadily revising ” down their earning forecasts and hiking their unemployment expectations from 8 % to as high as 10 % if not higher in some [...]
Citicorp has a $2 trillion balance sheet - twice the size of AIG’s, or the same size roughly as AIG and Goldman combined. Why do I use the AIG/GS analogy? Because we can assume Citi’s assets are of kind and quality as both AIG and GS. I took a look at Citi’s latest quarterly filing [...]
Reported consumer inflation continued to surge on both a monthly and annual basis,
once again topping consensus expectations. The July CPI-U jumped to a 17-year high of
5.6% in July, while annual inflation for the narrower CPI-W — targeted at the wageearners
category where gasoline takes a bigger proportionate bite out of spending —
annual inflation jumped to 6.2%. [...]
Stumble It!