Just read an article in The Week which describes the universal healthcare program in Massachusetts which sounds strongly similar to the program the Feds want to pass now. One of the main points of the article is that Massachusetts, when originally drafting and passing the plan, never took into account the rising costs of healthcare….
Tag: recession
Roubini: “the worst is ahead of us”
Economy guru and professor at NYU, Nouriel Roubini gave a presentation in London, and basically said the worst is yet to come. Roubini, back in 2006, accurately predicted that the US will fall into a recession. Back in February, he predicted the financial market meltdown. Some quotes from the conference: We’ve reached a situation of…
What’s happening with our economy
Food for thought. A provactive write-up of what’s going on with our economy and where we are headed. Basically, make way for the Amero. In summary: Over time, a much lower US standard of living and a significantly devalued US dollar will make it much cheaper to manufacture in the US again, and 15-25 years…
Bush knows best
Let’s see, Bush says the country is not head into a recession. Yet today, the market fell 315 pts on recession fears, oil pushed past $103 for the first time, the dollar hit another low against the euro, US Midwest manufacturing activity “plummeted” in February, consumer setiment slumped to a 16 year low. Yep, Bush…
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
As I as said in an earlier post, we’re in a recession. And according to some, it will only get worse. The problem is, the government continues to print money, without any backing, continues to borrow money (such as for the stimulus package), and the OPEC countries are migrating away from the dollar, and moving…
Bernanke’s State of the Economy Speech
A bleak view of the state of our economy: Bernanke’s State of the Economy Speech: “You are all Dead Ducks”
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.