The Systematic Draining of America's Economy, Culture, and Pride.
Perhaps now the right people will realize we are in a down economy (globally). Waterford Crystal (actually the company is called Waterford Wedgwood PLC) has filed for bankruptcy.
Waterford has been an iconic name for over 250 years. It is the crème de crème when it comes to glassware. It seems people are cutting back on the high-end pottery (I wonder if they are selling more Dixie Cups?). [Read more...]
The bailout soup line is getting longer and longer. Heck, it is around the block. It seems since the automakers got their chuck of bailout cash that more and more groups are getting into the action.
Now property developers and managers are letting the government know that thousands of hotels, shopping malls, and commercial buildings are headed into foreclosure and bankruptcy unless the government steps in and helps. [Read more...]
The Federal Open Market Committee decided today to establish a target range for the federal funds rate of 0 to 1/4 percent. Now if that seems low to you that would be because it is. If that seems “too low” to you, you would once again be right…it is. [Read more...]
I think I am about over real estate investors walking around dumbfounded as to why real estate prices came back down. As a good friend of mine says (and I mean no disrespect) “Ray Charles could see that one coming.” [Read more...]
Ok, what is the deal anyway?
In September Paulson was the man with a plan. Matter of fact, he basically scared the $^#@! out of everyone saying if they didn’t do what he wanted we were in for an economic collapse. [Read more...]
With all of the bailout and deficit spending talk during the Presidential election, American voters became (painfully) aware of the debt the U.S. owes to other countries.China was mentioned several times during the debates and currently the U.S. owes them a cool $541 billion. Certainly not good on the surface [Read more...]
Even as we fight to recover, there is a lot of blamestorming* going around in Washington right now as to who was responsible for the economic downturn. The Democrats of course blame the Republicans and vice-versa.*(ok, not a real word, but I like it). [Read more...]
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