The U.S Government calls the current economic situation “The Great Recession” and they are lying, the real situation is that U.S and the world is rapidly moving into “The Great Depression 2.0″. Don’t listen to the lies of the mainstream media that is telling you how the economic situation is getting better, when behind the scenes the fundamentals are falling apart.
Archive for the ‘Personal Finance’ Category
Recession Coming In 2012 According To Gary Schilling – Author of “The Age of Deleveraging”
Thursday, November 10th, 2011
According to Gary Schilling the U.S economy has sputtered along and is now pretty much stalling. The housing market is going now where as well as the job market. People with no jobs means more people are cutting back their spending, hence when all this comes to roost the recession is here.
So far, the data presented to you by Wall Street and the U.S Government statistics are backward looking and to some extent cooked to make the economy look better than it actually is.
Whirlpool, AMD and Wall Street to Cut More Jobs
Sunday, November 6th, 2011
According to U.S government jobs reports and cooked statistics, the economy is getting better, however if you asked the people on the street , they might say differently. Now as we draw closer to December and January which is when most layoffs happen, companies are starting to let go workers again.
Whirlpool announce to cut 5000 jobs, mainly in U.S and Europe and Advance Micro Devices (AMD) to cut 1400 jobs as well.
Canadians Looking For Ways To Cut Spending
Friday, October 21st, 2011
It’s no surprise that Canadian’s are having a hard time getting by financially. Canadian’s are currently burden down by heavy debt (Canadian household debt hits 1.5 Trillion), bills and are really having a hard time getting by. That is why about 30% of people surveyed said that they are cutting back spending simply because they feel that their financial security right now is not sound.
Read the article, copy and paste link to your browser:
http://ca.finance.yahoo.com/news/Economical-turmoil-Canadians-capress-827274697.html;_ylt=Amtg7.AFOq9PaYk0HuEPizFyzJpG;_ylu=X3oDMTE4aWJpYWZuBHBvcwMzBHNlYwN5ZmlUb3BTdG9yaWVzBHNsawNlY29ub21pY2FsdHU-?x=0
A Smaller Share of Men Have Jobs Today Than At Any Time Since World War II
Wednesday, September 28th, 2011
Here is a Bloomberg Business article that details the destruction of jobs, caused by the economic crisis that was in the making before 2007, and subsequently reared its ugly head in 2007-2008. It takes you from the past 50 years until now. Interesting read.
Read the full article below:
Gold, Silver, Mineral Stocks Drop On New Recession Fears
Sunday, September 25th, 2011
The reason why commodities prices drop is simple, when good times are here, demand for commodities increase. More computers, electronics and other products requiring commodities like gold, silver and rare earth minerals are being manufactured, because the economy is in a growth stage more products are being sold to consumers and corporations.
Gold Drops, Takes A $64.90 Hit – Correcting A Bit?
Friday, September 23rd, 2011
Lucky I just switched my TD Precious Metal Fund over to TD Canadian Bond fund. I moved my TD Precious Metal Fund over when it closed at the NAV of $79.48 about a week or so ago and on the day gold drop $64.90 (Sept 22, 2011), the closing NAV on Sept 22nd of the TD Precious Metal Fund is $70.64. Wow, that is a drop of almost $9. One thing about precious metal mutual funds is that it moves in tandem with mainly the stock prices of gold mining companies, and it would seem that the gold mining companies also took a hit.
