2020 has so far been an eye opening year, for good and for bad. The good, because maybe this is the year real change is coming – with regards to racial inequality. The bad, that it took the death no, murder, of George Floyd. I would hope the fire that lit that match continues to…
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A government made for business
From the AP, Breach exposes 4.2 million credit, debit cards I thought the government existed to protect us? “Visa and MasterCard have stipulated in their contracts with retailers that they will not divulge who the source is when a data breach occurs,” Spitzer said. “We’ve been engaged in a dialogue for a couple years now…
American tourists have hard time exchanging dollars
As reported byReuters, American tourists in Amsterdam are having a tough time exchanging their dollars for local currency, because nobody wants to get caught holding worthless paper.
Fed Bear Stearns bailout an ominous sign
Great article on how the government is ok with bailing out, providing tax breaks, and subsidies, to large corporations, using YOUR MONEY. But when it comes to you and helping you during hard times, you get nothing, because helping you is deemed too expensive. Bear Stearns is too important to allow to fail, but millions of homeowners can…
Dollar under pressure, wheat prices go up, and Bear Stearns may be bought out
The dollar touched a record low of $1.5651 against the euro and crude oil reached a record $111 a barrel. Grocery costs are expected to go up further with the rise in the cost of wheat. The price of wheat has more than tripled during the past 10 months, making Americans’ daily bread — and bagels…
It will take YEARS for the dollar to recover
Nobody wants the dollar. Even some stores in NYC are accepting foreign currency. I’ve said it before and I’ll say it again, start saving, start looking for ways to reduce your monthly expenditures (maybe less movies, less eating out or ordering in), hold off on buying luxury items, etc. Take public transportation whenever possible, instead…
Stagflation = Start Saving Your Money
Stagflation = Stagnation + Inflation. Which is where we are heading right now. It means, high prices for food and commodities, while at the same time, there’s no economic growth, no job growth. It also means, start saving. Hold off on big ticket items if they’re not necessary. Cut short the vacation, maybe start thinking…
Recession is here
They keep saying that economic reports signal a recession is coming, but when you’re paying $4 for a gallon of milk, almost $4/gal for gas, getting taxed up the wazoo, trying to find ways to save every penny, thinking about a second job (or even third), guess what? As far as I’m concerned, you’re in a recession.
Japanese investors dumping dollars
They think the dollar will slide even more, so most everday investors are dumping the dollar in the currency markets.