This time I will be brief and its one of the few times that I will allow myself the empathy-induced weakness embedded when arguing morals.
Saturday, November 22, 2008
Saturday, November 15, 2008
History in the making--A detailed and highly informative view.
I read the following from Global Research at
Tuesday, November 11, 2008
No light at the end of the tunel (?) by Ektoras
There’s no reason to pretend any more. The economic news that poured out during October suggests that the US economy is indeed in a recession and Europe is likely to follow. The upcoming news that refer to job losses clearly indicate what follows… A DEEP decline in corporate profits and possible losses; We should stop hiding and finally admit that losses will reach almost all types of companies and not only the automobile sector. It is funny that we need to start reading our university books again in order to find out which goods are determined as “Giffen Goods”... A good investment idea would be stocks of companies whose production is based on such goods. One should keep in mind that “Giffen Goods” have changed since the theory was established BUT the idea remains the same. On macro grounds now, the unemployment rate shot up to 6.5% and 8% in the US and EU respectively. Unfortunately this is a lagging indicator, so we should expect that it will increase in the near future. Emerged economies had not witnessed such unemployment figures since the early 1980s. The situation is worse for the emerging economies. As our demand dwindles for products, those jobs that were created in Asia and Eastern Europe over the last ten years, will be just that amount of foreign jobs that will be terminated. The US and the EU exported jobs and credit and now they will be exporting unemployment and financial instability.
Sunday, November 2, 2008
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