Popularity: 2%
On 12.17.09, In Posts, Video of the Week, By Mario Balistreri
MB: Shocking! In a previous post Stimulus Spending is Like Crack, I expressed the relationships between drugs and government spending. Both are fun and provide short, intense satisfaction, but ultimately increase the risks of long term issues. However shocking this may be, a Corbett report attempts to show that the billions of arguably wasted tax dollars from stimulus spending is nothing compared to trillions of dollars used by the government each year, even week. The report also states that some of this money is lost, in the sense that nobody claims to know were it is or what it was used for.
The video is a bit outdated and some of the claims that are made are unreasonably unbelievable (such as the 9/11 accusation). None the less there are a number of astonishing facts about the amount of unnecessary money that are government and or Fed spends; and makes use question whether or not the Fed should be audited.
Popularity: 2%
On 12.10.09, In Posts, Video of the Week, By Mario Balistreri
Popularity: 1%
On 11.12.09, In Posts, Video of the Week, By Mario Balistreri
Popularity: 2%
On 10.26.09, In Posts, Video of the Week, By Mario Balistreri
Popularity: 3%
On 10.21.09, In Posts, Video of the Week, By Mario Balistreri
Popularity: 3%
On 10.12.09, In Posts, Video of the Week, By Mario Balistreri
MB: The National Association of Business Economics has reported that the Great Recession is finally over. Despite near double digit unemployment rates, low credit availability, and a declining housing market NABE has stated that drastic increases in consumer spending and confidence is a main contributor to the supposed end of the Great Recession. To further support the organizations claim that the recession is over, a report done by Rasmussen Reports indicates that their Consumer Spending Monitor has reached a two year high.
In a previous post Recession Technically Over – But How Do We Know? information was provided which explained how economists determine what a recession is and when they begin and end. According to the definitions in that post it seems clear the Great Recession is over; however there are still a number of concerns on the health of our economy. We have yet to seen positive GDP growth this year, inflation may not be to far away, and the value of the dollar continues to weaken.
Popularity: 3%
On 09.09.09, In Posts, Video of the Week, By Mario Balistreri
MB: Key Points
1. Economic data indicates that we may are already be out of recession; however we are still losing jobs and unemployment rates are increasing.
2. There is no evidence to suggest that the economy is doing much better, the best that can be said is that the economy is getting worse more slowly.
3. The country will see double digit unemployment, and will have obtained a 9 trillion dollar deficit.
4. Five years ago US had almost a negative savings rate, currently it is near five percent. This takes out an estimated 400 billion dollars from consumption.
5. Most stimulus spending will not be until 2011.
Popularity: 2%
Google Search
Custom Search