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Current Economy Looks Dangerously Close to The Great Depression |
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Written by entropy
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Thursday, 09 October 2008 |
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One bad day, then another. 17% lost in a month. A slight turn around when a bunch of people got together and tried to bail them out by pouring money into the market and buying up companies at prices above what the market was calling for. JP Morgan. The Rockefellers. Chase. It brought up enough volume in the market for stocks to gain a couple points until investors could pull their money out and salvage what was left of it. Then, a downturn that would leave the market with an 89% loss from it's peak over the next few quarters. A peak of over $380.00 was shattered and knocked down to... Recommend this article...
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Last Updated ( Thursday, 09 October 2008 )
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Written by Matthew Pierpoint
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Thursday, 09 October 2008 |
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To apply and be considered for bailout, you must meet or exceed most or all of the following criteria:
If you are currently in foreclosure due to a bad sub-prime mortgage, do not bother applying. We've already told you you're screwed and given all funds available to bankers who will spend it more wisely on vacations at spas in California. You must currently be employed in the financial sector. This includes, but is not strictly limited to: A bank or banking services company, a brokerage that deals with overinflated stocks, hedge fund companies which have a commission rate of no less than 20%, preferably a commission rate set to the highest the law allows, any company selling insurance so long as that insurance is presented nicely in a manner that conveys it may or may not just be legalized fraud, victimizing the people who purchase claims from you. Recommend this article...
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Last Updated ( Thursday, 09 October 2008 )
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We're Not In A Recession, We're In A 'Not A Recession' |
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Written by Matthew Pierpoint
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Thursday, 09 October 2008 |
 By all standards, we are technically not in a recession. While it may be popular opinion, it's just not true – from a technical standpoint. In case that needs to be cleared up, if we were in a recession, there would have been consecutive periods of decline in GDP and/or sustained and significant economic decline. Well, if this isn't true, why is the economy still 'technically' in the gutter with no end to the “not a recession” in sight? Like politicians, Wall Street bankers have become better at the concept of spin. Recommend this article...
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Last Updated ( Thursday, 09 October 2008 )
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