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Time to invest?
According to U.S National Bureau of Economic Research, the recent economic recession commenced in December 2007. A GDP growth rate of 1% was registered in August 2008. But alarming situation was the collapse...
0 commentsSCMP Issues & implications: February 21, 2009
PAGE 1: "Modest relief on ways source; Rates waivers (and) tax rebates to be unveiled" According to an anonymous source, "Nobody knows whether the economy will recover next year so we have to prepare for...
0 commentsNo One Can Rein in Wall Street, Not Even Obama
In a 30-minute address which came one year after the collapse of Lehman Brothers, American President Barack Obama proposed the creation of the Consumer Financial Protection Agency. He was hitting the nail on...
0 commentsArmageddon On Wall Street
SCROLL TO THE BOTTOM OF THE PAGE TO TAKE OUR LATEST POLL! WHOSE PLAN ON THE ECONOMY DO YOU TRUST? John McCain had a pretty rough week. I'm sure that when he launched his falsely indignant attack against...
5 commentsMake American History by helping Michael Moore bust TARP bailout corruption
Michael Moore wants to make an American hero out of you. He wants you to become a vigilante and to fight any criminal fraudulant activity that is surely bound to plague the American nation while it's...
5 commentsEditor's Choice from The New York Times
The following is a comment of mine to an article in the NYTimes about the hearings currently going on regarding the Pauslon Bailout Plan. The editors at the Times picked it as an "Editors' Selection."...
6 commentsSelling America Short, & Making Money At It
1. What does it mean to sell something "short?" 2. Why would anyone do that? 1(a). Selling short means selling something, like shares of stock, that you don't own with the promise that you will buy...
0 commentsThe Bailout: A Necessary Evil
It’s been more than a year now since the first of the once mighty Wall Street firms started to tumble. One by one names like Lehman Brothers and Bear Stearns that had been around for centuries suddenly...
0 commentsCapitalism, New Michael Moore film
A photo of Capitalism, courtesy of rstrawser, Flickr I had the opportunity of watching Michael Moore's new film, Capitalism, last week and I have to say, it was quite an eye opening experience. There was...
1 commentThe New Economy: Why Americans Must Start To Live Within Their Means
As I write this article, credit markets are seizing up in an alarming manner pending a bail out plan by Congress. Banks are so scared about the situation that they are afraid to lend to each other, let alone...











