Roubini sees prolonged high oil prices “$170, $180, $200 a barrel” and warned of the knock-on consequences: “the last three major global recessions … were all caused by a geopolitical shock in the Middle East that led to spike in oil prices.” – Foreign Policy
Archive for Category: "Economy"
March 12, 2012 05:09
National debt really $24 TRILLION
USA is worse off than Greece, Portugal, Spain or Ireland. In another four years, the additions to all of these categories of debt will bring us past Japan’s 200% Debt/GDP.
March 10, 2012 09:22
Obama Jobs Deficit Near 13 Million
“The only thing America has to show for this massive government boondoggle is more debt and an Obama Jobs Deficit of nearly 13 million.”
March 9, 2012 09:42
Gallup Reports Large Jump in Unemployment to 9.1%, Underemployment to 19.1%
Except for the years 2008-2009, and recessions in general, seasonally unadjusted unemployment rate tends to peak in January. Thus it will be interesting to watch Gallup’s numbers for the next few months to see if there is a definite change in trend. – Mike “Mish” Shedlock
March 9, 2012 07:12
$14 million per permanent “green” wind job – How Obama’s Anti-Energy Policy Kills Jobs
Obama’s policies are destined to damage the economy because they will penalize the efficient, job-creating oil and natural gas industry, …. and because they will raise energy costs for American consumers and manufacturers.
March 9, 2012 05:54
Investors to lose up to 74% in Greek debt swap
Greece has said it has received enough backing to push through the largest restructuring of government debt in history. – BBC News
March 8, 2012 11:29
Jobless claims up – higher debt & slow growth – starting to look like Europe
Who ya gonna believe, me or your own lyin’ eyes? The Obama mythology of a rebounding economy runs head on into reality. By the way, they mysteriously RAISED the reported jobless claims for last week also. Ever wonder why the revisions never go down?
March 8, 2012 11:07
Sen. Kyle: Obama polices ARE raising gas and energy prices
Despite recent lies by Obama Sen. Kyle list all the ways Obama’s actions are proving that he really does want higher gas and energy prices just as he promised in 2008 and as his own energy secretary has stated. Sen. Kyle also points out that higher energy costs drive up the cost of everything else.
March 8, 2012 10:27
THE FALLACY OF A RETURN TO NORMALCY
No politician, media pundit, Federal Reserve banker, retail CEO, or willfully ignorant mindless consumer wants to admit the truth that the last three decades of debt delusion are coming to a tragic bitter end.
March 8, 2012 05:31
Phony Divide Between Fiscal & Social Issues
It’s not poverty that causes broken families; it’s the absence of marriage that causes poverty and puts kids below the designated poverty line. Social issues cause fiscal expenses.
