Tomorrow I’m traveling to Denver to see Chris Martenson lecture. Way before the initial crash of the market in October of 2008 I was geeking out on things like the economy, how money is made, peak oil and the housing bubble. There was enough information out there and I was able to piece together enough [...]
The state budget issue isn’t an isolated matter of government procedure. The effects are wide ranging across America. Whatever happens, it is becoming clear that California is going to lead the way. California doesn’t know where 58% of their budget will come from.
How states deal with budget shortfalls has yet to be seen. Citizens already [...]
http://bilanciatovita.blogspot.com/2009/06/bronner-speaks-in-tuscaloosa.html (HT: Nathan’s Economic Edge)
Interesting opinion, here’s the high points paraphrased.
Within the month California will begin a domino effect of state government failures. This will effect the overall economy as well.
In 3 months or later the commercial real-estate market collapses. This will also have a bad effect on the overall economy.
The possibility [...]
Continue reading about CEO of the Alabama Retirement Systems on Economy
HT Global Guerilla:
The Centre for Labour Market Studies (CLMS) in Boston says US unemployment is now 18.2 %, counting the old-fashioned way. The reason why this does not “feel” like the 1930s is that we tend to compress the chronology of the Depression. It takes time for people to deplete their savings and sink into [...]