Category Archives: Economic trends

In search of an honest politician

The United States faces an incredible number of issues, yet so many of them could be solved with just a little foresight. Unfortunately, politicians are rewarded by getting reelected, not by offering viable long-term plans for the country. A case in point is the current status of Wall Street reforms.  The largest banks have only gotten bigger since the financial crisis began – so much for addressing the “too-big-to-fail” rumblings.  Plus, Wall Street quickly reestablished its propensity to pay out large bonuses to their bankers for taking speculative risks.   Derivatives, which were a contributing factor in the real estate meltdown, Read More

Slowly falling off an economic cliff

The positive spin that most politicians and self-interested others put on the U.S. economic situation would be laughable if it were not so serious and real.  Their fantasies and falsifications are so outlandish that I’m amazed any of them can keep a straight face. The economy is NOT recovering nor is the real estate market improving.  The Fed has run the printing press to create hundreds of billions of dollars out of thin air, while the politicians have implemented fiascos like ”Cash for Clunkers” and various home mortgage modification programs.  These actions have done nothing but delay the inevitable economic Read More