Global Financial Crisis (6 Viewers)
- Thread starter Dostoevsky
- Start date
As much as we have a God-given right to health care...
Tell me, Greg. What other companies out there produce similar stuff? It's not an easy business to get into. Others like Deere show similar declines, and they don't have anywhere near the market cap CAT has.
But disregard the numbers at your own risk. I'm sure the mom and pop tractor manufacturers are picking up the slack.
Tell me, Greg. What other companies out there produce similar stuff? It's not an easy business to get into. Others like Deere show similar declines, and they don't have anywhere near the market cap CAT has.
But disregard the numbers at your own risk. I'm sure the mom and pop tractor manufacturers are picking up the slack.
The US Treasury had $12.717 trillion in debt subject to limit at the end of March, compared to just $12.384 trillion in the beginning of the month.
http://www.zerohedge.com/article/us-government-issues-333-billion-net-marketable-debt-march
So that's just another ~4 Billion USD in one month, on pace for ~4 Trillion USD in debt issuance a year. And what did we get for that 4 Billion in March? Just 162,000 jobs created, not counting the jobs lost and folks not deemed "in the workforce" any longer.
Yeah, that's sustainable.
Bush was running 300 Billion USD deficits each year and the Dems were complaining, so what did they do? Beat that in one month. Bunch of morons from both parties.
http://www.zerohedge.com/article/us-government-issues-333-billion-net-marketable-debt-march
So that's just another ~4 Billion USD in one month, on pace for ~4 Trillion USD in debt issuance a year. And what did we get for that 4 Billion in March? Just 162,000 jobs created, not counting the jobs lost and folks not deemed "in the workforce" any longer.
Yeah, that's sustainable.
Bush was running 300 Billion USD deficits each year and the Dems were complaining, so what did they do? Beat that in one month. Bunch of morons from both parties.
Man, that defict is incomprehensible to one such as myself.
This should be of interest anyway
http://www.irishtimes.com/newspaper/finance/2010/0403/1224267617385.html
Everybody is bitching that the Government has screwed the people, by get an between 0-100% (average 47% reduction on property assets). It's not as if property prices ebb and flow over decades at all.
This should be of interest anyway
http://www.irishtimes.com/newspaper/finance/2010/0403/1224267617385.html
Everybody is bitching that the Government has screwed the people, by get an between 0-100% (average 47% reduction on property assets). It's not as if property prices ebb and flow over decades at all.
This is why we are in big trouble here in the US and that this supposed recovery is only fiction.
http://market-ticker.org/archives/2166-Consumer-Credit-OUCH!.html
http://market-ticker.org/archives/2166-Consumer-Credit-OUCH!.html
Err, how so? At the core, Neoliberalism preaches sound fiscal policy to guard against inflation and having the market set interest rates. Just look at how central banks have caused today's economic problems by setting interest rates artificially low, creating massive speculative bubbles that always end up paralyzing economies.
I don't find it ridiculous at all. As long as there is transparency and some regulation the market will sort itself out. The problem we have now is the secrecy of the central banks in setting policy that might not be in the best interest of the masses, only allowing a few to benefit. This goddamn Federal Reserve has not only caused the problems we face today, but is destroying the middle class by waging war on savers. You can't have capitalism without capital; you can't have capital unless people are saving money; people can't save money without jobs that pay enough to save money; and even with jobs the Federal Reserve doesn't reward you for saving.
Keynesian economics needs to die before it blows the whole world to smithereens.
Keynesian economics needs to die before it blows the whole world to smithereens.