Economy

post thumbnail

The Great Recession Is Over Says Business Economists Panel

As I have repeatedly pointed out in this blog, the only thing that is keeping the game going for the economy at present is the fact that government spending along with Federal Reserve interference in the marketplace has created some green shoots. The consequences of this action for the short term has given us and these forecasters the mirage that “all is well.” The truth of the matter is that we are presently in the eye of the hurricane. The calm before the continuation of the economic storm.

12Oct2009 | Doug Digger Eberhardt | View Comments | Continued
post thumbnail

U.S. Debt Clock Reveals Time Isn’t On Our Side

The U.S. is the Debt Engine to the World

Take a look at the map of the world below. It shows in the purple color the countries in the deepest debt as a percentage of GDP. Interesting how most of the other countries in the world can manage their finances better than the U.S. can. Could it be because these countries are actually producing something?

25Aug2009 | Doug Digger Eberhardt | View Comments | Continued
post thumbnail

Current Thoughts on the Stock Market: Caveat Emptor!

Government surplus efforts are presently working. Some are calling an end to the recession. Green shoots are sprouting. The stock market is breaking 2009 highs. Life is back to normal. All is well. Or is it?

28Jul2009 | Doug Digger Eberhardt | View Comments | Continued
post thumbnail

Digger’s Friday Triple Play

Doug Digger Eberhardt’s Top 3 Articles and Posts of the Week – Click on headline for full article

24Jul2009 | Doug Digger Eberhardt | View Comments | Continued
post thumbnail

Digger’s Friday Triple Play

Doug Digger Eberhardt’s Top 3 Articles and Posts of the Week

Budget Deficit Tops $1 Trillion for First Time
Bank of Wyoming Is the 53rd FDIC-Insured Institution to Fail in the Nation This Year
Why Obamacare Can’t Work: The Calculation Argument

17Jul2009 | Doug Digger Eberhardt | View Comments | Continued
post thumbnail

Digger’s Friday Triple Play

Doug Digger Eberhardt’s Top 3 Articles and Posts of the Week
When Stimulus Does Not Stimulate
Credit Expansion, Crisis, and the Myth of the Saving Glut
Bailing Out Your Spendthrift Relatives

10Jul2009 | Doug Digger Eberhardt | View Comments | Continued
post thumbnail

Digger’s Friday Triple Play

Doug Digger Eberhardt’s Top 3 Articles and Posts of the Week – Click on headline for full article

3Jul2009 | Doug Digger Eberhardt | View Comments | Continued
post thumbnail

Digger’s Friday Triple Play

Doug Digger Eberhardt’s Top 3 Articles and Posts of the Week – Click on headline for full article.

26Jun2009 | Doug Digger Eberhardt | View Comments | Continued
post thumbnail

What Really Backs the U.S. Dollar?

Since 1971, U.S. citizens have been able to utilize Federal Reserve Notes as the only form of money and for the first time had no currency with any gold or silver backing.
This is where you get the saying that U.S. dollars are backed by the “full faith and credit” of the U.S. Government. In other [...]

24Jun2009 | Doug Digger Eberhardt | View Comments | Continued
post thumbnail

California Economics Professor Wants to Drive California Off a Cliff

So his answer is to keep government spending going and the status quo spending that got us into this mess in the first place.

Let me ask you something….if your family is in dire financial straits, do you cut back in your spending or keep things as they are?

18May2009 | Doug Digger Eberhardt | View Comments | Continued
Older Entries