These are headlines from just today. They were not accumulated over a period of time. Anybody see a pattern here? Looks like a total collapse of the entire globe’s economy is immanent. A perfect situation for a “strong man”/messiah to take over and make things right again. Watch for this from the left and the right.
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Obama’s answer to a deflated economy: buy more of your own debt. Has any other economy prospered by buying its own debt? As I have said before, we need to make things. Export more, import less. Look at the tags on the products you buy and buy from America!
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Obama’s answer to a deflated economy: buy more of your own debt. Has any other economy prospered by buying its own debt? As I have said before, we need to make things. Export more, import less. Look at the tags on the products you buy and buy from America!
Bloomberg: Federal Reserve Chairman Ben S. Bernanke said the economy is barely expanding at a sustainable pace and that it’s possible the Fed may expand bond purchases beyond the $600 billion announced last month to spur growth.
This commission had some pretty hard solutions. Most of them need to be implemented, but that will take a long-term approach that today’s politicians do not have. I doubt many of the recommendations will be passed.
The Economist: When Barack Obama created his deficit commission Kent Conrad, a Democratic senator named to the commission, gave it no more than 10% odds of success. And indeed, today just 11 of its 18 members voted for the deficit-reduction proposal tabled by its two chairmen this week, falling short of the 14 required for the full Congress to vote on it.
TheHill.com: The Dodd-Frank financial reform law provides a new way forward for managing the financial system, but tough steps still need to be taken to get the nation's fiscal house in order, Federal Deposit Insurance Corporation Chairman Sheila Bair said in a speech. Speaking before the Consumer Federation of America, Bair acknowledged the financial overhaul has created some unsettling uncertainty, but changes were needed to avoid future crises.
The Telegraph: The International Monetary Fund has called on the EU authorities to boost their rescue fund and step up bond purchases to insure against a fresh financial crisis in the eurozone periphery.
“The recovery could still stay the course, but this scenario could now easily be derailed by the renewed financial market turmoil,” the IMF says in a report for eurozone finance ministers today, according to Reuters. “The sovereign and financial market storm affecting the periphery constitutes a severe downside risk.”
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