Tag Archives: recession

Good News on the Economy Questionable

Reading through headlines like “Online ad revenue up 2.6 pct in 4Q to $6.3 bln”, would point to some type of revenue-driven recovery.  With the huge number of recent print media failures and the terrible ratings results for the evening news outlets, why is only 2.6% considered good?  It should not be. 2.6% is somewhat… Read More »

Businesses Stop Hiring Due to Health Care Reform

The new health care reform bill is having an effect: termination of full-time employees.  Small businesses cannot afford the mandate that hits once they have 31 employees and have at least one that gets their insurance through the government exchange – $2,000 per full-time employee . Business owners will instead refuse to grow their businesses… Read More »

Massachusetts Says Stimulus Money Created “Almost Nothing”

Government-created economic stimulus is unsustainable and does not create or save anything.  It simply delays the inevitable.   The ARRA (American Restitution and Redistribution Act) has done nothing to improve the actual economy, and The Globe finds more evidence: One of the largest reported jobs figures comes from Bridgewater State College, which is listed as using… Read More »

Economy Nearing Carter-Era Catastrophe – Volcker Present Again

Interpreting the latest unemployment report could make one’s head spin, but there is valuable information in it other than the tragic 10.2% unemployment rate and the fact that the economy has shed an additional 190,000 jobs in the last month.  Yahoo news points at a separate survey that shows 558,000 more people were unemployed in… Read More »

China Seeing Record Inflation After Too Much Stimulus – Familiar?

A Bloomberg.com article stated that even a government-run economy can go awry when it pumps too much liquidity into the market under the guise of “stimulus”. “China’s banking regulator plans to review debt levels at some real-estate developers on concern the companies’ borrowings are fueling excessive gains in property prices..” More the concern is what… Read More »

Mortgage Bubble Started Crisis, Isn’t Getting Better

Last year the economy crashed. Now, the stimulus has stimulated, the Federal Reserve has eased, Geihtner has.. well done whatever he does, and Obama has spoken (certainly that should have fixed everything). So how did we hit 9.8% unemployment since the stimulus was an emergency action that would keep unemployment from going over 8%, pumping massive amounts of liquidity into the economy should have loosened credit, little Timmy G. and Obama bought GM, AIG and Chrysler and they helped everyone buy a new car that wanted one? It must be that G.W. Bush must still be affecting the economy from his ranch in Texas…