Archive for the ‘unemployment’ Category

The New York Stock Exchange reduces its listing requirements from $25 million in minimum market capitalization to $15 million. They call it temporary, but how long is “temporary”?

The new Secretary of the US Treasury Master Geithner and boss of the boss of the IRS intentionally underpaid his taxes for a series of 4 straight years, and when he was caught on two of the years, properly paid for only two of the four years. Only when he was in the nomination process to be Secretary did he make good to the IRS for the balance he underpaid. (Oh, by the way, he must have perjured himself under oath in saying “Oh, I forgot.” But that is a story for another day.)

Not to beat on Master Geithner but, Master Geithner, even before earning the Senate’s blessing to carry on the irrational and inconsistent policies of the Goldman Sachs Governmental Programs (aka Paulson and Friends), has begun a new WAR with China. He has explicitly stated verbally and in writing that China is manipulating their currency. Meaning that He and Our New Fearless Leader President Obama believe that the Yuan is undervalued relative to the dollar, as China has stepped in over the past year and stopped its long-term appreciation against the dollar. Any Econ 101 C grader or better knows that it China did not brindle its Yuan, then the value of their US $ investments would fall, their appetite for US Treasuries (at a time when we desperately need them to buy $3 trillion USD of our bonds) would collapse. Their banks would become troubled and their economy, rather than being on a growth mode and trying to stabilize would be thrown into a state of chaos, not dissimilar to that of out own. WHY WOULD HE TRY TO TAKE THEM DOWN WITH US? WHAT IS THE BENEFIT?

China is considered one of the global leaders in capitalism!!! With the recent and further steps in US Socialization and Nationalization of Companies, Industries and Spreading of Wealth, China is better looking than we are. (Unless the mirror we use is warped, fogged and scratched!)

NY State’s new Senator to the US Congress is a Democrat with Strong Republican traits (oh, I almost wrote “taints”.) A committed member of the NRA, advent opponent of gun control, an anti-fan of the GLBT and others groups, and an ardent “non-compromiser”. At least she we know she won’t be toeing any party lines as she goes in!

Russia can shut down its gas pipelines supplying Central and Western Europe and hold them at ransom, as we saw over the past two weeks.

Unofficial underemployment in the US is at an all time high in excess of 20% currently and projected to hit 28% before this thing turns.

Detroit will stop building and designing cars for car buyers but instead to please their political owners and our new industry/political czars or dictators.

After the worst year in the stock markets’ history, the US markets continue to plunge in the first three weeks of the new year. So much for the optimism from a new administration and “Hope and Change”.

Mortgage rates on the conforming 30 year have increased almost 0.5% even though Uncle Sam and his family members have been talking about moving it lower. (What, are they now powerless? Or are their capabilities limited or muted?)

Please help me out. Add some additional ideas, as I know I have only touched on the tip of an iceberg.

Also check out http://alphainventions.com/ a great website for all new posts!

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