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WHEN A LITTLE BLOKE LIKE ME HITS THE FINANCIAL WALL, IT’S OVER

Posted by julian on Mar 9, 2010 in Economy

For the past eighteen months it has been a personal battle to stay one paycheck ahead of disaster. Like most Americans, fortunate enough to still have a job, I have taken a huge hit with a 20% reduction in salary. To remain alive I “juggle” my fortnightly pay to satisfy all my creditors. I know [...]

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GROWTH, BUT FROM A FAR SMALLER BASE

Posted by julian on Mar 8, 2010 in Economy

The auto industry (with the exclusion of tainted Toyota) led by Ford is reporting increased demand for cars. Airlines, especially international carriers, still with a large portion of their fleet grounded are claiming higher passenger yields. Appliance sales are on the rise, or so says Whirlpool. In making the announcement they were going to increase [...]

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A TAX CHEATING THUG TELLS PRESIDENT OBAMA TO TAKE A HIKE

Posted by julian on Feb 25, 2010 in Economy

Sometimes I think the world is a crazy place. The Mayor of Las Vegas, Oscar Goodman (who over decades made his fortune representing organized crime that controlled the gambling on the strip) has publicly announced he will refuse to meet President Obama when he visits Vegas this week. Last year President Obama told Americans not [...]

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JAPAN NOW HOLDS MORE U.S. DEBT THAN CHINA

Posted by julian on Feb 23, 2010 in Economy

The Chinese are selling their holdings and last week Japan took over first place with $767.8 billion of Treasury bonds supplanting China’s holdings of $755.4. Having only attained a high school diploma, I have huge difficulty how all this debt nonsense works. Over the past year the Federal Reserve has been buying Treasury bonds, so [...]

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