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I’m no international banking financial guru, but this can not be a good sign. The flip side is that other countries – including Japan and the UK – seem to be buying, but at what price?
I’m quite certain the Obama administration consists of a bunch of fools, and they think you’re a bunch of fools too. Imagine paying off one of your credit cards with another one of your credit cards. Would you think you’ve improved your financial situation? The bozos are considering reducing the deficit with “extra” TARP funds.
I’m not a financial expert, but this can not be good at all. India has purchased $6.7 billion in gold, swapping out U.S. dollars for the precious metal. Hopefully those in the know will try to figure out why. (Hint: Check out the chart below the fold.)
Looking for a loan? Mortgage lenders take a look at your debt to income ratio. In general, the more you earn the more you can borrow. How does the debt to income ratio look for the United States?
I was Jim’s guest on the Sound Off Connecticut’s special Saturday edition as he filled in for Dunaway. I mentioned the federal government was borrowing $20 billion a week. Sorry, I messed up. As of the end of July, we’re borrowing $43 billion a week, ensuring the 2009 deficit will be $2.2 trillion. The 2003…
Here we go … notice the new mantra of the Democrats … “Fairness“. Wealthy executives, small businesses, middle-class homeowners and college students buying textbooks would all pay higher taxes under a budget proposal by the legislature’s Democratic majority that would increase taxes by more than $3 billion over the next two years. The state’s richest…
It’s been 16 years since President Clinton took office, and at the time he asked the public for suggestions on how to reduce the deficit. If I remember correctly, Al Gore was tasked to find inefficiencies and redundancies in government and squash them. It never happened. The federal budget has ballooned from about $1 trillion…
It’s open to the public, charges $20 for a trim, netted $450,000 – with a profit – in 2009, and yet somehow this institution needed a Senate-funded bailout of $300,000 last year? Goodness grief, shut the damn institution down.