If you are thinking of jumping into the stock market in response to the recent nine day market plunge, don’t. Here’s why. Timing The stock market tends to bottom out about 90 days before the end of a recession. Does anyone believe this “Great” recession will be over in 90 days? Perspective The market is [...]
TransUnion reports that the average American owes $4,679 in credit card debt. Are you in better or worse shape than average? Whichever way you answered that question — it doesn’t really matter. Why? Because your government is spending so much money that it makes your own debts appear minuscule in comparison. The average American taxpayer [...]
CNN hired Opinion Research Corporation to conduct a poll of Americans concerning their views on the economy. Take a look at the results. Americans are now more pessimistic about their economic future than at any time since this polling began — in 1997. This includes the Y2K scare, the attacks on America on 9/11, and [...]
The Unites States is deeply in debt and we do not possess the political will to reverse this trend — or even to stop it. We don’t have the votes to reduce our expenses enough to pay off some of our debts; we don’t even have the votes to keep our debt at it’s current [...]
Small businesses, the backbone of the American economy, do not plan to hire more workers within the next twelve months. Small businesses, defined those with 500 or fewer employees, employ about half of all free-market workers in the United States. 64% of small businesses, this time defined those with $25M or less in revenue, do [...]
I keep staring at the article Obama’s Economists: ‘Stimulus’ Has Cost $278,000 per Job and I cannot get over the shock of thinking just how off-course America has become. The article describes how a report from the White House’s Council of Economic Advisors documents that the “stimulus” has added or saved just under 2.4 million [...]
