The good news… The economy has added just 650,000 jobs
in the first seven months of 2010.
The bad news… The economy has lost 8.4 million jobs
in the recession that started in December 2007.
Do The Math…
8.4 million jobs lost in the recession minus 650 thousand jobs
created since then equals a… Minus 7,750,000 jobs needed
just to get the […]

In the U.S. last year, despite all the bailouts,
the US economyy contracted by 2.4%
Meanwhile, China’s economy grew by 9.1%

Right now the U.S. economy GDP is growing about 2.4%.
China is expected to grow by 10%+
(4 times faster than the US economy).
Retail sales in China are up 18%
(6 times better than the US).
China consumes more energy than […]

Eric Clapton recorded a song:
Nobody knows you when you’re down and out.
It goes something like this…
Once I lived the life of a millionaire
Had lots of money, didn’t have any cares
Took all my friends out for a mighty good time
We drank bootleg liquor, champagne and wine
Then I began to fall so low
Lost all my good friends, […]

The recession is in full force.
Many people have used up their 99 weeks of unemployment
benefits and have still not found a job.
They are screwed! Don’t let this happen to you.
The Best thing you can do if you are unemployed
(or even if you’re gainfully employed but need more money)
is to start a home business… and make […]

According to a Wall Street Journal/NBC News poll
which was conducted Oct. 22-25 last year, a majority of Americans
say the U.S. is headed down the wrong track.
52% said the country is on the wrong track compared to 36%
who said it is headed in the right direction.
The approval ratio for his handling of the economy had dipped
from […]

The U.S. Dollar is Dying a Slow Death.
The Dollar Is Losing Its Status as Global Reserve Currency.
I’m not an alarmist, but… Ding, Ding, Ding - Sound the alarms.
The U.S. Dollar is dying a slow death right this very moment.
Right in front of our eyes the value of your dollar is…
disappearing faster than a magicians […]

A Casualty of The Great Recession…
I was hanging out with an old friend yesterday
who has been underemployed since May.
With the U.S. economy in turmoil, her job cut her hours to
less than half even though she had been a valued employee
for almost 10 years.
Her attitude was “At least I still have a job.”
Many people in her […]

In 1844, 23-year-old Henry Lehman, the son of a cattle merchant, emigrated
to the United States from Rimpar, Bavaria. He settled in Montgomery, Alabama,
where he opened a dry-goods store, “H. Lehman”.
Three years later in 1847, his brother Emanuel Lehman arrived, the firm became
“H. Lehman and Bro” and three years after that their youngest brother, Mayer Lehman
arrived […]

Gold has exploded above $1,000 an ounce!
Crude oil has more than doubled from its lows!
Sugar prices are up 88 percent!
Copper is up 105 percent!
Lead has soared 125 percent!
What’s Going On?
Some of it is fundamentally driven — tighter supply, stronger demand.
But a significant chunk of those moves is pure monetary inflation.
So far this year, Timothy Geithner […]

The Unemployment Rate has gone up (again) to 9.7%.
The Fed is really walking a major tightrope at the moment.
They need to keep pumping in money to stabilize the economy …
but they’re risking serious inflation down the line.
One minor slip-up in their exit strategy and things could get out of hand quickly.
The best solution for most […]