Things having to do with economic / financial issues.
This is for committed obligations that we don’t have the wherewithal to pay for right now.
Each U.S. household currently has a $550,000 in debt obligations.
http://www.usatoday.com/news/washington/2009-05-28-debt_N.htm
How much is a Trillion dollars? Here’s what $700 Billion looks like.
Want to understand why it’s this much? Watch this: Link
Want to know how much we, I mean the Government, is spending to rescue the economy? $10.5 Trillion and climbing.
From CNN.Com The government is engaged in an unprecedented – and expensive – effort to rescue the economy. Here are all the elements of the bailouts. Link
While Japan has been used as a cautionary tale in the U.S. economic downturn, guest columnists Sanford M. Jacoby and Sally Kohn argue that management approaches common in Japan offer lessons for U.S. companies as they recover. Link
Nice interactive economic dashboard. Gives a good graphic overview of some of the important aspects of the economy. Link
“In the mid-’80s, Wall Street turned to the quants—brainy financial engineers—to invent new ways to boost profits. Their methods for minting money worked brilliantly… until one of them devastated the global economy.” Link
“Adjusting for inflation, the Dow is basically where it was in 1966.”
“As government data revealed Friday that 651,000 more jobs disappeared in February, a sense took hold that growing joblessness may reflect a wrenching restructuring of the U.S. economy.” Link
I came across this letter. I’m not sure how authentic it is, but it talks about today’s economy and taxes from the perspective of a small business owner. Good to get their perspective too. Continue reading “Letter from the Boss (Small Business Owner)”
Very sad state of affairs there. Continue reading “$7,500 is Median Price for Homes in Detroit”
Challenges Loom Larger Than Feared With Sharpest Contraction Since 1982 (Washington Post)
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