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Economic Prognostications 2010

Here we go… another year… and another time for guessing…
Let’s start with Economic Prognostications 2009…

It would be great if you read those predictions to start out with, and also read my economic primer, but if you are strapped for time here is the summary.
1. I first predicted that the Dow would not rise [...]

There is at least one man more deserving than Obama for the Nobel Peace Prize…

For me, results always speak louder than words…
I am a results-oriented guy and will always be that way. Perhaps it is my business training and experience?
Obama has no real tangible results. Only a vision of the future that could potentially be bright.
Obama has failed at helping the Israeli-Palestine conflict, failed at reducing troop numbers in [...]

Build a Monopoly Where You Are

Remember the old game Monopoly? Where you had a little icon that you moved around the board slowly gathering money and property till you could charge everyone else out of the game? Where you traded four houses up for a hotel? You had to wait till you got around the board to collect $200 to [...]

A jump in housing starts is NOT good news for the economy…

Here is a quick rant so prepare yourself…
And here is exactly why stock markets are so backwards.
The news…
“The Commerce Department said housing starts jumped 22.2 percent to an annual rate of 583,000 units last month from 477,000 units in January. It was the biggest percentage rise since January 1990 and the first gain since April.”
“But [...]

Let This Recession Make You Richer

*This is a guest post by Daphne @ Joyful Days.
The last recession, which in my part of the world happened around 2002, was worse for me than the current one, even though all the statistics say this one is worse. The reason this time is much easier for me is that I learnt enough from [...]

A Depression is Merely Anger Without Enthusiasm

I’ll make this Friday post short and sweet.
We are most likely headed for a Depression or a lost decade like Japan had. At least you will hear these references more and more in the coming months and probably years ahead.
Our bubble is being deflated, both economically and mentally.
So much is wrapped up in our consumption [...]

Why the Government is Bailing Out the Weaker Companies

Economic news has been really disturbing lately. Things just keep getting worse and worse and the American public has no clue!
Total possible funds dedicated to bailouts and the like has gone over four trillion dollars. The government has already “spent” over a trillion dollars combating our economic problems. All these things make me angrier and [...]