Friday, General Motors reported its October domestic car deliveries, which at 226,402, was 31,000 better, or 15.7 percent higher, than the 195,674 from a year earlier, better than the 7.9 percent increase expected. GM claimed that sales picked up because confidence returned once the government reopened in the second half of October. “Chevrolet, Cadillac and [...]
How Does The Crisis Affect Me?
The crisis has affected each of us. We examine examples of how the financial crisis, and the associated economic, social and political instability may affect your life and wealth in ways you never considered
Borrowing and lending is all the rage again. The financial crisis was five years ago this fall, and nobody is letting us forget it. According to ex-FDIC Chair Sheila Bair, financial soundness isn’t much improved. She says, “I think our system is still somewhat fragile, a lot more needs to be done.” Indeed… Wall Street [...]
A mixed panel deconstructs the hyperbole. Charles HallProfessor Charles Hall, Emeritus Professor at State University of New York, College of Environmental Science and Forestry, USA The world has recently been exposed to many optimistic estimates on the future of oil production and the media has eagerly picked up these projections. International Energy Agency estimates that [...]
1) The average cubicle dweller is becoming impoverished. Let’s take a look at the basic graphic: your income is going down versus all the things you need: food, shelter, energy. 2) Supply and demand is starving the middle class. Population is going up, but high-quality jobs are being outsourced, globalized, mobilized, and roboticized. I’m on [...]
Like most of the financial world, I was closely watching the Fed on Wednesday. The market expected Bernanke to announce the “taper,” the first step of a gradual cutback of his $85 Billion/month bond-buying program. Boy, was the market wrong. The Fed instead proclaimed that it would continue its current policy apace. Judging from the [...]