Category Archives: Wage Deflation

The Committee to Defraud the World

To say now that ‘No one knew’ or ‘I was mistaken’ or ‘I was just doing as I was told’ is another in a series of lies and deceptions that have supported one of the greatest frauds in the history … Continue reading

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CBO Propaganda

I’ve seen some eye-poppin’, credulity-stretchin’ accounts in my time. The report “The Budgetary Impact and Subsidy Costs of the Federal Reserve’s Actions During the Financial Crisis,” just released by the Congressional Budget Office, ranks with the most extreme. It claims … Continue reading

Posted in THEY ARE ALL THE SAME, The American Financial Oligarchy, The Arrogance of Power, The End of American Capitalism As We Know It? - Discuss, The Financial Elite, The Importance of Strategic Planning, The Inherent Disorder of Empires, The Intrusion of UNLAWFUL Authority, The New American Socialism, The Sorry State Of American Manufacturing, The Suffering Poor, The Summers Exit Watch, The excellent adventures of Ben Bernanke, Time For A New Third Party, Truth In Charity, US Trade Imbalance, USA Is the New Japan, Unemployment Catastrophe, Unindicted Co-Conspiritors, Unintended Consequences, Wage Deflation, Want To Buy A Car?, We Are All Cooked, We Have Become Beggars To The World, We Need Open Derivative Models, Who Guarantees the Guarantor?-You Do!, Who owns Congress-Still!, Why is the first Black President incompetent? | Leave a comment

It takes brains

The geniuses are at it again: Hide your wallet! AP GM wants to re-enter auto financing Tom Krisher Tuesday May 11, 2010 DETROIT (AP) — General Motors Co. executives want their own auto-financing arm so they can offer more competitive … Continue reading

Posted in The Sorry State Of American Manufacturing, USA Is the New Japan, Wage Deflation, Want To Buy A Car?, Who Guarantees the Guarantor?-You Do! | Leave a comment

“Of Rats and Sinking Ships”

Larry Summers is reportedly leaving later this year, and Andrew Cockburn reports that Rahm Emanuel, Obama’s acutely verbal Chief of Staff is said to be looking for other employment, preferably a high paying job on Wall Street with little work … Continue reading

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The Apparatchiks

Posted in A Growing List Of One Term Presidents, A Picture Is Worth A Thousand Words, A State of Distress, AIG and all that....., Back to the basics, Bilderbergers 1 USA 0, Jacksonian Democracy, Libertarianism - the Debate, Monetary Policy - Discussion, No Bank Is Indispensable, Obama's Hypocrisy, Our phony middle class, Politicians, Ron Paul Stands Tall, Socialism, TARP fruit loops, THEY ARE ALL THE SAME, The Arrogance of Power, The Consequences of Greed, The Democrats Blew It Again, The Economics of Schumpeter, The End of American Capitalism As We Know It? - Discuss, The Financial Elite, The Geithner Resignation Watch, The Inherent Disorder of Empires, The Intrusion of UNLAWFUL Authority, The Judeo-Christian Political Coalition, The excellent adventures of Ben Bernanke, Time For A New Third Party, Unemployment Catastrophe, Unindicted Co-Conspiritors, Wage Deflation, We Are All Cooked, We Are All Guilty, We Have Become Beggars To The World, Who Guarantees the Guarantor?-You Do!, Who owns Congress-Still! | Leave a comment

The Big Government Boss isn’t going away

“Hindsight is a wonderful thing,” said Timothy W. Long, the chief bank examiner for the Office of the Comptroller of the Currency. “At the height of the economic boom, to take an aggressive supervisory approach and tell people to stop … Continue reading

Posted in A Growing List Of One Term Presidents, A Shareholder-Not Just a "Stakeholder", A State of Distress, AIG and all that....., Analysis & Commentary, Coming Social Unrest, Commercial Real Estate Bust, Deflation-Inflation-Stagflation, IT'S ALL ABOUT POWER AND MONEY, Is Goldman Sachs Evil?, It starts with a foundation, No Bank Is Indispensable, Obama's Hypocrisy, Our phony middle class, Political Chaos, Regulatory Failures, Small Business-Bedrock of America, Smaller Can Be Better, Socialism, TARP fruit loops, The Arrogance of Power, The Consequences of Greed, The Democrats Blew It Again, The End of American Capitalism As We Know It? - Discuss, The Financial Elite, The Geithner Resignation Watch, The Habits of Hedge Funds, The Importance of Strategic Planning, The Inherent Disorder of Empires, The Intrusion of UNLAWFUL Authority, The Joy of Being A Bank, The New American Socialism, The excellent adventures of Ben Bernanke, Unemployment Catastrophe, Unindicted Co-Conspiritors, Wage Deflation, We Have Become Beggars To The World, Who Guarantees the Guarantor?-You Do!, Who owns Congress-Still!, “the Greenspan doctrine” | Leave a comment

Stop the ‘jobless recovery’ madness!

It’s time to stop glorifying our economic doldrums with this “jobless recovery” nonsense. Yes, the economy did grow in the third quarter, for the first time in a year. Fewer Americans are filing new claims for unemployment insurance, and giant … Continue reading

Posted in Unemployment Catastrophe, Wage Deflation, We Have Become Beggars To The World | Leave a comment

The growing debt bomb – Facing a one- to three-year countdown

By Richard W. Rahn Assume you had put much of your savings into U.S. government bonds and then you learned the following. In just the last eight months, the Congressional Budget Office estimates of the amount of additional federal debt … Continue reading

Posted in The China Dilemma, The Global Economy, The Importance of Strategic Planning, The Inherent Disorder of Empires, The Intrusion of UNLAWFUL Authority, Time For A New Third Party, Wage Deflation, Watch The China Market, We Are All Cooked, We Are All Guilty, We Have Become Beggars To The World, Who Guarantees the Guarantor?-You Do! | Leave a comment

It’s Unemployment, Stupid!

Pittsburgh protesters demand G20 do more for jobs Forbes “We’re not going to accept a jobless recovery,” said Larry Adams, a postal worker who came from Jersey City, New Jersey, for the protest. …

Posted in A Growing List Of One Term Presidents, A State of Distress, A Time To Repent, Back to the basics, China and the Treasuries - A Dependency Relationship, Coming Social Unrest, Consumption Ran the Old Economy, Coup d'etat in America, Death of the Dollar, Deflation-Inflation-Stagflation, Even the Terminator Can't Help California, Figures don't lie but Liars can figure, Important Skills - No Apprentice Programs, Is The Market Rally Real?, New Jersey Recovery?, Obama's Hypocrisy, Our phony middle class, Political Chaos, TARP fruit loops, The Arrogance of Power, The Democrats Blew It Again, The Disappearing Car Makers, The Inherent Disorder of Empires, The Intrusion of UNLAWFUL Authority, The New American Socialism, The Sorry State Of American Manufacturing, The Suffering Poor, Time For A New Third Party, Unemployment Catastrophe, Wage Deflation, We Are All Cooked, We Are All Guilty, We Have Become Beggars To The World, Who Guarantees the Guarantor?-You Do!, Who owns Congress-Still! | 1 Comment

Operation Rollback: Wal-Mart’s World of Business

The expansion of international “supply chains” from Asian factories to American consumers has certainly created global trade imbalances and international currency flows that are not necessarily sustainable over the long run. A readjustment of the world economy, not a slackening … Continue reading

Posted in A Shareholder-Not Just a "Stakeholder", A State of Distress, Back to the basics, Book Reviews, Important Skills - No Apprentice Programs, Market Strategies, Our phony middle class, Patience is a virtue...Delusion is a vice, Strategizing Suppy Chain Links, The End of American Capitalism As We Know It? - Discuss, The Importance of Strategic Planning, The Inherent Disorder of Empires, The Sorry State Of American Manufacturing, US Trade Imbalance, Unemployment Catastrophe, Unindicted Co-Conspiritors, Wage Deflation, Watch The China Market, We Are All Cooked, We Have Become Beggars To The World | 1 Comment

Who’s to blame for the housing crash?

To read “Our Lot: How Real Estate Came to Own Us” is to relive, in painful, anecdotal detail, the real estate bust that brought our economy low. Through Alyssa Katz, a journalism professor at New York University and the former … Continue reading

Posted in Mortgages, Our phony middle class, Political Chaos, Residential Market, Unemployment Catastrophe, Wage Deflation, Who Guarantees the Guarantor?-You Do! | Leave a comment

Housing in Peril as Obama Fails to Get Breakthrough

By Kathleen M. Howley June 29 (Bloomberg) — Driving through Riverside, California, Bruce Norris pointed to a half-dozen empty houses with “For Sale” signs stuck in untended lawns that he said investors might buy if banks would just extend some … Continue reading

Posted in Collateral Damage, Coming Social Unrest, Deflation-Inflation-Stagflation, Insolvency, Our phony middle class, Political Chaos, US Trade Imbalance, Unemployment Catastrophe, Wage Deflation, We Have Become Beggars To The World | Leave a comment

Is inflation our next big worry?

Why inflation is around the corner The government wants inflation to some degree. Congress and the White House have spent nearly $3 trillion recapitalizing U.S. banks, revamping the domestic manufacturing industry and replacing a portion of the consumption spending Americans … Continue reading

Posted in Coming Social Unrest, Coup d'etat in America, Death of the Dollar, Deflation-Inflation-Stagflation, History of Finance, How do you dampen the inflation dragon?, Patience is a virtue...Delusion is a vice, The Importance of Strategic Planning, Wage Deflation | Leave a comment

Forgetting What We Learned

ILLITERACY IN HIGH PLACES by Paul Craig Roberts If a person lives long enough, he can watch everyone forget everything they learned. Everyone includes Federal Reserve Chairmen, economists, Bank of America “strategists,” and even Bloomberg.com. Federal Reserve Chairman Ben Bernanke … Continue reading

Posted in A State of Distress, Back to the basics, China and the Treasuries - A Dependency Relationship, Coup d'etat in America, Death of the Dollar, Deflation-Inflation-Stagflation, Global Trade, Insolvency, Interest Rates, Let's Call What It Is - DEPRESSION, Libertarianism - the Debate, Negative Cash Flow, Our phony middle class, Patience is a virtue...Delusion is a vice, Political Chaos, The End of American Capitalism As We Know It? - Discuss, The Importance of Strategic Planning, The New American Socialism, The Rand Gene, The Sorry State Of American Manufacturing, The excellent adventures of Ben Bernanke, US Trade Imbalance, Unemployment Catastrophe, Wage Deflation, We Have Become Beggars To The World | Leave a comment

It’s Official: Worst Recession in Five Decades

This recession is now the worst since at least 1958, which is as far back as the index of coincident indicators stretches back. The Conference Board reported today that the index, which is intended to measure how the economy is … Continue reading

Posted in Back to the basics, Coming Social Unrest, Coup d'etat in America, History of Finance, Insolvency, Integrity and Responsibility, Let's Call What It Is - DEPRESSION, Negative Cash Flow, Political Chaos, The End of American Capitalism As We Know It? - Discuss, The Financial Elite, The Geithner Resignation Watch, The Global Economy, The New American Socialism, The excellent adventures of Ben Bernanke, Those Quarky Accounting Rules, US Trade Imbalance, Unemployment Catastrophe, Wage Deflation, We Have Become Beggars To The World, Who Guarantees the Guarantor?-You Do! | Leave a comment

Falling Wage Syndrome

Some of the wage cuts, like the givebacks by Chrysler workers, are the price of federal aid. Others, like the tentative agreement on a salary cut here at The Times, are the result of discussions between employers and their union … Continue reading

Posted in Wage Deflation | Leave a comment