American’s tax dollars are still being used to bail out the financial system. Secret bail outs will keep the United States in-debted continuously, there seems to be no end in sight.
Archive for the ‘Economy’ Category
1 oz Silver Philharmonic Coins & Silver ETF on Toronto Stock Exchange – HZU – VBLOG#4
Tuesday, February 14th, 2012
In VBLOG#4 , Das Brain shows off his current silver coin collection and talks about thinking about trading silver ETF, exchange traded funds on the Toronto Stock Exchange. He is interested in the Horizons BetaPro COMEX Silver Bull+ & Bear+ ETF (HZU ). He also talks briefly about Gerald Celente and MF Global with the paper Gold futures that Gerald had lost some money on.
Canadians Think We’re in a Recession, But Economists and Politicians Clueless
Sunday, February 12th, 2012
Here’s a great article of the disconnect that economist and politicians have in regards to the true state of the Canadian economy. Of Course the economist and politicians do not see a recessions, they have high paying jobs courtesy of Canadian citizens tax dollars and they don’t feel the rising cost of gas and food in their comfy world.
Read the article here: Canadians think we’re in a recession, but economists don’t
A Financial System Built to Fail: Look back at 2008 w/Karl Denninger
Sunday, February 12th, 2012Stockman Doesn’t Buy Auto Recovery Story
Sunday, February 12th, 2012Meet the Debt Ceiling Again!!! Oops The U.S Government Needs More Money
Saturday, February 4th, 2012
Obama, said that the last time he raised the debt ceiling that he will not need to do it again. However, the U.S Government now needs more money again.
Panasonic and Sony Reports Huge Revenue Losses
Saturday, February 4th, 2012
Japan’s Panasonic Corp forecast a record net annual loss of $10.2 billion joining their competitor Sony Corp. Panasonic has a waning TV businesses and the company just seem to have lost their way.
Panasonic, posting quarterly results, said it was headed for a loss of ¥780-billion ($10.2-billion U.S.) for the year to March, the expectations was for a loss of around $6.2 billion. The loss was almost entirely due to restructuring charges and writedowns, including to its Sanyo Electric unit.
Canada’s Economy Has Slowed – I Guess We Aren’t Immune To The Global Slowdown After All
Saturday, February 4th, 2012
Slowdowns were visible in sectors like wholesale trade, finance and insurance, and construction, however there was increased activity in manufacturing, retail, accommodation, food services, general professional services and real estate services. For the month of November 2011 though the GDP shrank by 0.1%.
Overall, there was no growth in October and the economy only grew 0.2% in November. I think that with record consumer debt levels we will probably see even more slowdowns in the coming months.
