The Indian Economy: Surging Ahead
True: Every budget gets mired in a bit of poetry towards the end; just so as to prolong it superfluously. But deficit problems, inflation and recession notwithstanding, look up, and the sun is shining bright on the Indian economy.Will Cuban Consumers Embrace New Lending Regulations?
The Cuban economy has performed admirably of late, even more so when you consider the 53 year trade embargo imposed by the US. During 2012 we saw the Cuban economy grow by 3.1% and experts believe that growth in 2013 is likely to be near 3.7% or even above. As a consequence, the Cuban government has recently confirmed new lending regulations which were initially mentioned as far back as 2011 but have really only come into their own of late.Where Do Your Income Tax Dollars Really Go? Sickening!
Think about the word “debt based” for a moment. With a “debt based” currency (dollar), the debt level has to increase by a certain amount every month or the dollar will begin to devour itself.Economics and Investing Made Easy: The One Number That Tells You All You Need to Know
Dear reader, if you are like me, you are baffled by the constant barrage of economic data telling us that ‘things are good or bad or getting worse or getting better. If you are confident that you understand all the data you are either delusional or you are an economist. [Dear reader, that statement was meant as a joke. Of course, it is widely known that all economists are delusional.] I will however simplify the process of understanding the global economy to one simple number that we can all easily understand and that we can all check every morning. This number represents all one need know before making any economic or investment decisions. Before I tell you the magical number that can predict the future I must preface my observation with a little background information.Minimum Wage – The Problem With the Current Approach
This article discusses the issue I have regarding the increased minimum wage suggested by Obama. I tend to side more with democrats in most issues, but in this one I do not.Central Bankers Perform Euthanasia – Capitalism and Democracy R.I.P.
The recent actions of the ECB and the Federal Reserve have driven the final nail in the coffin of Capitalism and Democracy. Both these cornerstones of our civilization have been on life support for years. Central bankers decided last week to ‘pull the plug’. Capitalism and Democracy will be replaced with a hybrid economic system combining the attributes of the old Soviet Union’s command economy, the Oligarchy’s of South America and efficiency and integrity of today’s of today’s economic system [with a dose of fascism thrown in for good measure].Global Economy Sails Into the Bermuda Triangle
Dear reader, Paul Getty once famously said that ‘a billion dollars isn’t worth what it used to be’. Clearly one could now say that ‘a trillion dollars isn’t worth what it used to be’. We have become numb to the ever larger numbers that are used by politician and economists to describe our current circumstances. It made me wonder what comes after a trillion. My initial thought was a bazillion or gazillion. Much to my surprise several friends were able to correctly identify that after a trillion, the next number is a quadrillion. Give yourself a pat on the back if you were able to correctly identify this number.Chinese Economic Stimulus of 2013 and 2014 – What To Build Next?
The G 20 is now admitting that the world’s central banks are controlling the global economic game. Many economists have stated that we have a race to the bottom with regard to various national currencies. We have currency debasing, manipulation, and purposeful printing of money in the name of economic stimulus. Each time that currency is worth less and less which gives an advantage to that nation’s manufacturing sector, and a trade surplus benefit, but let’s also look at the long-term costs of all this.Is Former Federal Reserve Chairman Greenspan to Be Blamed for the 2008 Economic Crash?
One thing I find in today’s mass media political rhetoric is there are far too many people running around blaming people they don’t know for things which clearly aren’t their fault; but why is this you ask? It’s because quite frankly we have too many pundits on TV who simply have no clue as to what they are talking about. Now then, the other day an acquaintance asked me if I thought former Federal Reserve Chairman Greenspan was to blame for the 2008 Economic Crash. My answer is simple; no. Still, I’d say it’s time to set the record straight on this, so, here me out and keep reading if you disagree in your naivety.Should We Get Rid of the Federal Reserve?
Not long ago, I was contacted and told I should join a team of economic writers trying to end the relationship of the Federal Reserve Bank. Personally, I am unconvinced that is a very good idea. Not only is it not really a good use of my time, but can you even imagine the chaos which would ensue if the US were to terminate the relationship with the Federal Reserve now? Okay so, let’s talk shall we?I Want to Get Rid of the Federal Reserve, He Said
The other day, someone came to me and said; “I think we ought to do away with the Federal Reserve” or what he meant was cease our relationship with them. I bet the Obama Administration would love to do that, as then they’d have the nation’s purse strings available to finish their plans in turning this nation into a socialist one. Now then, I am certain the Federal Reserve is not without fault, but do consider the tough job they have attempting to balance the political will in Washington DC.