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Posts Tagged ‘Economy’

May 3rd, 2019 - 7:47 am § in Economics

Investors are selling stocks, but the market keeps rising

Typically, stocks rise because investors are buying them, increasing prices. But that’s not what’s happening in 2019. What’s new: U.S. equity prices are soaring to record highs, with the S&P 500 up 17% and the Nasdaq up 21% in just 4 months. But not only are investors not buy[...]

January 16th, 2019 - 11:46 pm § in America

Can the US Dollar Go Off the Oil Standard?

Not so far back in history, the dollar was denominated in gold. That worked until capitalism told us that the real value of a currency had to be the capital, the productive wealth of a country.  Gold was just a raw material, worth  less than the factories and farms that made America the first real[...]

January 7th, 2019 - 1:20 pm § in America

Does Amazon Prime Have More Room To Grow In The US?

 Jeff Bezos revealed last year that Prime has topped 100 million members. That is about 60% of Amazon customers and close to 50% of all adult shoppers in the US!.  Prime members spend $1,400 per year, while nonmembers still spend just $600. REMEMBER SEARS ROEBUCK?   [...]

December 24th, 2018 - 12:16 pm § in Donald Trump

“Oh my God, they’re worried about the banks!”

A panicky Wall Street just wrapped up the worst Christmas Eve trading day in human history. The Dow dropped another 650 points. Why? Because Trump did something stupid: He attacked the Federal Reserve again. The Fed is right, he’s wrong, and he needs to back off. Low rates encourage excessive [...]

December 13th, 2018 - 10:53 am § in Misc.

BREXIT .. the decline and fall of the Brits

This week, Theresa May barely survived a vote of non confidence by her own party.  The vote, by the party that hods dear the image of the Crown and Empire, was inevitable.  Great Brotain is no longer.  The English are now only one of many medium size states in a world domnated by China and [&hell[...]

November 27th, 2018 - 11:26 am § in Donald Trump, Hypocrisy

Is Trump Destroying Detroit?

As GM drops the Volt, Trump’s damage to GM is part of a bigger and sadder picture. The two remaining major American car companies .. Ford and FM .. are either getting out of the small car and EV world or exporting those activities to Asia and Europe. Even John Deere and Trump’s beloved H[...]

November 27th, 2018 - 9:35 am § in Donald Trump

MAGA: GM’S VOLT GETS TRUMPED

General Motors announced Monday that it would cease production of the hybrid electric plug-in Volt. The announcement came as part of a larger restructuring by the car company as it seeks to focus production around the bigger vehicles in favor with U.S. consumers. US President Donald Trump went mad, [...]

November 11th, 2018 - 11:16 am § in Donald Trump

Trump’s worker bonuses go pffft.

Remember the worker bonuses Trump bragged about after signing his deficit-financed tax giveaways to billionaires and corporations? “Large companies actually cut back on bonuses in 2018 and plan to do so even more next year, according to new data from Aon, an insurance broker. (It surveyed 1,000 bu[...]

October 13th, 2018 - 1:07 am § in Misc.

Castro on Education Versus Consumer Goods

Fidel Castro: My Life: A Spoken Autobiography Quotes shared via Kindle: “Well, I’d tell them that the consumer society is one of the most frightening, terrifying inventions of developed capitalism today in this phase of neoliberal globalization. It is disastrous, just awful, because I try to[...]

September 26th, 2018 - 11:06 pm § in Politics

Do unions help workers get higher wages?

It’s practically an article of faith that union jobs pay better. Do they? This graph (from Nate Silver’s “538” blog, based on BLS data) indicates they do. (Note: Public sector wages average more because of higher educational requirements and steady work schedules; most govern[...]