ilene's blog
Poverty In America: A Special Report
Submitted by ilene on 09/18/2011 01:32 -0500Let's take a closer look at poverty in America....
Dumpster Diving?
Submitted by ilene on 09/16/2011 11:43 -0500Right now, dumpster diving is cute and fun and an interesting way to save money, but in the future there will be millions of Americans digging around in trash cans if we don't get this economy turned around.
Banking for California's Future
Submitted by ilene on 09/15/2011 15:25 -0500California, like North Dakota, is resource-rich. A state-owned bank will allow it to capitalize on its resources to full advantage by providing the credit needed to realize its potential.
Retail Sales Reports Are Right for the Wrong Reason
Submitted by ilene on 09/14/2011 23:33 -0500It's only when you drill down into the raw, unmanipulated data that the weakness is more apparent.
The Pulse of Commerce and The Chicken's Dilemma
Submitted by ilene on 09/13/2011 20:24 -0500When it sees that big plop, the Fed will react. By then, the egg will be broken, and the chicken cooked.
Navigating the Global Rumor Mill
Submitted by ilene on 09/13/2011 14:58 -0500Data trumps rumors and QE3 or whatever stimulus we get trumps everything else...
Economic Roadkill
Submitted by ilene on 09/10/2011 14:05 -0500The uptick in credit spending is entirely attributable to subprime auto loans and government-backed student loans, both of which are a mere extension of the same Ponzi-finance scam that put the global economy into cardiac arrest.
Kind Of Bearish
Submitted by ilene on 09/10/2011 12:33 -0500So, in case I didn't make myself clear, I guess I'm kind of bearish. DOH!!
Unemployment Claims Give Fed More Ammo
Submitted by ilene on 09/08/2011 14:48 -0500Therefore this week's number is worse than last year, worse than the average of the past 5 years, and worse than the past 4 years since the depression began in terms of the increase in new claims since the previous week.
The Fed's Twisted Plan
Submitted by ilene on 09/06/2011 23:59 -0500The Fed has been reduced to promoting politically expedient "solutions" in the face of a moribund global economy suffering from persistent and intractable unemployment.
Monday Market Momentum – Down is the New Up
Submitted by ilene on 09/05/2011 12:32 -0500We’ve already seen the banking community write down over $1Tn in losses and survive to screw us over another day – do we really think this little wrist-slap will end them or is this just another example of retail suckers being stampeded out of the sector that is likely to benefit most from QE3?
Bloody September
Submitted by ilene on 09/02/2011 16:05 -0500Evidence suggests that the conomy has already been in recession, mainstream conomist pundits continue to argue about whether the conomy will have a double dip or not. While they are trying to figure it out, the damage to the financial markets is fait accompli, and will get worse.
Potential Lawsuit Tanks Banks
Submitted by ilene on 09/02/2011 14:37 -0500Perhaps this is the denouement of a week of scary market rumors that seem to have been designed to stop the markets from breaking too high.
