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During the 2008 vice presidential debate, Joe Biden complained about how gas prices were so high at the time that the average “Joe” couldn’t afford to fill up his tank. During the Oct. 2, 2008 vice presidential debate with Republican vice presidential candidate Sarah Palin, Biden was asked by moderator Gwen Ifill to comment about deregulation. In his answer, then-Senator Biden took the opportunity to relate a conversation he had at a gas station [...] by Lance Robert of Street Talk Advisors Why QE3 Won’t Help “Average Joe” Are the markets already front running a potential announcement of a third round of Quantitative Easing (QE 3)? Maybe so. We had expected QE3 at the end of last summer as the economy weakened substantially from the impact of the Japanese earthquake/debt ceiling debate/Eurozone crisis trifecta. However, with political pressures running high due to the raging battle in Congress raising [...] I think it is worth mentioning that there is a hoax “theory” out there about anything one could possibly imagine, whether peak oil, global warming, 9/11, evolution, the economic crisis, the Iraq War, the landing on the moon, the holocaust, the nuclear bombings of Hiroshima and Nagasaki, Kennedy, Elvis, UFOs, cornfields … even reality itself (yes, there are plenty of people who think reality itself is a hoax, executed by [...] by Lance Roberts of StreetTalk Live What “Average Joe” Really Thinks Every day we are blugeoned with a variety of economic reports from various government agencies about the state of the economy. Most of these reports have some form or another of “seasonal adjustments”, speculations, estimations or just flat out “guesses” about what is going on in the economy. What we tend to find out over time is that these numbers are generally overly optimistic [...] by Simon Black of Sovereign Man Where To Find The Best Jobs In The World Government economic statistics are all lies and gorilla math… and one of their most creative frauds is the unemployment figure. Intuitively, when they say ‘the unemployment rate is 9%,’ that would suggest to the average Joe that 9% of the labor force is, in fact, unemployed. Oh no. Most governments have entire departments and [...] Yesterday, an appeals court struck down an attempt by Facebook founder Mark Zuckerberg’s archnemeses, the Winklevoss twins, to override their 2008 settlement with the company and sue for more money. Then just hours later, a new drama about the origins of the social media giant emerged: A man, who claims to be Zuckerberg’s initial funder, presented evidence that he and his lawyers insist prove him to be the rightful [...] by TechGuy The Bernanke Put is like an inverse steroid, causing loss of muscle mass and obesity As the dollar’s value declines and commodity prices rise, it will cause unemployment to rise. Consider that people living on fixed income and stagnate wages will not be able to afford to buy as much goods and services. People still need to eat, buy energy to get to work or heat [...] by PutMoneyDown 1. All major investment classes have cycles. Sure gold had a bad two decade period. But it just had a great one decade didn’t it? Just the opposite for equities. No investment always goes up. And in many cultures a couple of decades is a real short term time horizon. I understand that’s not true for we Yanks, but for a lot of the world it is. 2. The [...] Heaven forbid it’s not that complicated. Europe is a major trading partner of the United States. Anything that happens over in Europe directly, or indirectly impacts the United States economy. Historically, financial crises have spawned long periods of economic destruction, panic, uncertainty and this crisis, so far, has been true to form. For starters, overall consumer demand is unlikely to propel strong economic growth in the foreseeable future. Think about that [...] Inflation is spiking, the currency is sinking, BoE want to print more, government has to sell £900bn of gilts in next 5 years, debt fuelled consumer merry-go-round is kaput, political elite are headless chickens, house prices are still insanely priced, some banks are technically bust, debt to GDP is c.400%, average Jane & Joe haven’t clue what is going down. There is the potential for the Pound to collapse any day [...] |
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