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The Average Joe’s Take on Government Bailouts – and More
By: Lorimer Wilson
www.PreciousMetalsWarrants.com and www.InsidersInsights.com
A story is making the rounds on the internet these days describing the practical interpretation the average Joe (and plain Jane, too) is putting on the way in which the U.S. government is dealing with the country’s current financial woes. I’ve done some editing and enhancing and present it below for your amusement and enlightenment and have added a segment with some insights and suggestions on how we can all potentially recoup the losses we incurred in 2008.
The Average Joe’s Take
“It is early July in a small sleepy town along the north shore of a beautiful lake…
Bond Vigilantes May Throw Wrench in Obama’s Plan
The bond vigilantes may be making a comeback.
A decade after forcing Bill Clinton to abandon his spending plans in favor of a balanced budget, investors in Treasuries are bedeviling President Barack Obama as he embarks on the most costly spending plan in U.S. history, driving up borrowing costs for the government and consumers.
Treasuries have lost 3.6 percent this year, their worst annual start since 1980, according to Merrill Lynch & Co.’s Treasury Master Index data. Yields climbed on longer-maturity debt in five of the past six weeks as bond prices fell amid concern that the Federal Reserve may not buy…
12Feb2009 | The Real Deal | 0 comments | ContinuedCheck Please
In recent issues of Bourbon & Bayonets I’ve discussed some of the costs of this bailout from an academic standpoint. I looked at how this bailout was the result of Keynesian economics whether that’s what it was called or not. A Keynesian run economy is one that may last for many decades before it finally tips.
The most blatant sign of a Keynesian based economy are the business cycles. That’s right; the business cycle is not a naturally occurring process. It is the direct result of liquidity expansions during economic downturns and liquidity contractions at economic peaks.
The excess liquidity results in a…
4Dec2008 | Oxbury Research | 0 comments | Continued
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