Coffee is a commodity… like oil. And, these commodities are mined, if you will, in various places around the world, mainly outside of the US. So, the levers that enable inexpensive importing become vital to our capacity to move ourselves from one place to another and to wake ourselves up.
We are all painfully aware of […]
It has been one year since this blog accurately predicted and announced that the crisis in Finance was over. So what has happened since then?
As recovery slowly made its way through the rest of the economic system, it has done so with the help of government intervention, as would be expected in such a meltdown. […]
Over the past couple of months, the US economy has been showing signs of stabilization and hope for very modest growth. However, as we enter another earnings reporting season, many market analysts fear that we may experience another drop, effectively erasing the recovery gains we have recently experienced, because they are expecting corporations to announce […]
JP Morgan has a history of bailing out the American economy. And it did so again in 2008. In concert with the Fed, they judiciously planned a way to prop up Wall Street as it disintegrated before everyone’s eyes. JP Morgan acquired Chase, as the Fed let Leehman fail and propped up Citi and others. […]
Here is a link to some wonderful charts of the Dow Jones Industrial Average since 1895, on which you can find all the major events that shook the world. 1895-1909http://www.djindexes.com/mdsidx/index.cfm?event=showavgDecades&decade=18951910-1919http://www.djindexes.com/mdsidx/index.cfm?event=showavgDecades&decade=19101920-1929http://www.djindexes.com/mdsidx/index.cfm?event=showavgDecades&decade=19201930-1939http://www.djindexes.com/mdsidx/index.cfm?event=showavgDecades&decade=19301940-1949http://www.djindexes.com/mdsidx/index.cfm?event=showavgDecades&decade=19401950-1959http://www.djindexes.com/mdsidx/index.cfm?event=showavgDecades&decade=19501960-1969http://www.djindexes.com/mdsidx/index.cfm?event=showavgDecades&decade=19601970-1979http://www.djindexes.com/mdsidx/index.cfm?event=showavgDecades&decade=19701980-1989http://www.djindexes.com/mdsidx/index.cfm?event=showavgDecades&decade=19801990-1999http://www.djindexes.com/mdsidx/index.cfm?event=showavgDecades&decade=19902000-2009http://www.djindexes.com/mdsidx/index.cfm?event=showavgDecades&decade=2000Â
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Yesterday, President Obama announced that the US’s top problem is energy independence and has started the process of improving the country’s commitment to reducing pollution and to start developing alternative energy sources in tandem with building automobiles that are more energy efficient. And, all this would culminate in developing a new energy landcape in the […]
This posting is about the US government’s role in economic recovery and the promise of R&D in alternative energy. Combined, these two thoughts point to urgent short-term need for action to protect families, support business, re-build confidence in the market and think beyond the next 5 years.
There are two articles posted on the BBC web […]
This week, the USA awarded $15 billion to the Big 3 auto makers in Detroit. This was far short of the $34 billion requested and was a result of hearings that exposed the manufacturers’ leadership as out of touch with the market. It’s reassuring to read that the government is supporting job protection in these […]
On CNBC, this morning, there was a spirited discussion on the future of the Big 3 American automakers. Should we let the natural economic cycle occur and let these outdated manufacturers die? There seemed to be 2 arguments supporting the maintenance of these companies, for the time that I was watching. First, these companies are […]
This is tough. Recessions and depressions are characterized by high unemployment. So, how can an economy proceed through a down-cycle and not create havoc on individual salary and wage earners? The American automobile industry is facing such a dilemma. I just heard on MSNBC that approximately 10% of jobs in America are tied to the […]
