Jobs, please.
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Most of my friends who have bought properties have do so in the last year or two. But I know a few that bought back in 2005, 2006, and 2007 that are probably at least a little underwater on their mortgages if they actually tried to sell their places. Probably not to the [...] By most accounts, the trillion dollars worth of stimulus money is running out. And yet, our economy really isn’t coming back. That is why a number of economists warn of a double dip recession. Because if organic growth isn’t there, and the free money from Bush and Obama runs out, then the economy will [...]  I’ve posted this chart periodically over the last year. But it always help to have a little refresher when new jobs reports come out: Nonfarm payroll employment was little changed (-36,000) in February, and the unemployment rate held at 9.7 percent, the U.S. Bureau of Labor Statistics reported today. Employment fell in construction [...] What do you do when you’ve been trapped in your DC apartment for days on end because of the Snowpocalypse/Snowmageddon and can’t make it to your worthless Georgetown Law classes? You read 1,000,000 word articles from The Atlantic, apparently. And that is exactly what Steve has done. He forwarded me this uplifting piece this [...] We’re not there yet: From supermarkets to department stores, sales fell 0.3 percent from November, a decline that economists attributed to a bleak jobs market and a reluctance by consumers to spend freely. Analysts, encouraged by signs that consumers were regaining confidence, had expected sales to rise 0.5 percent. Consumer spending drives 70% of [...] There used to be some random fact that the US has never gone to war with a country that currently had a McDonald’s in it. That still might be the case, but either way, it’s not good sign for Iceland: Iceland’s McDonald’s Corp. restaurants will be closed at the end of the month after [...]  Obama is finally good for something after all: helping my golf game. Thanks to an IRS ruling that golf carts, as long as they are road worthy (side-view mirrors, seat belts, etc.), can qualify for the electric vehicle rebate up to $5500. The federal credit provides from $4,200 to $5,500 for the purchase [...] I’m trying out some Google ads with their AdSense program, because I can. I think get paid per 1000 views or 100 clicks or something like that. I imagine it’ll amount to pennies/month, if that, but I figured I’d try it out anyway just to see how things go. So, you’ll see on the [...]  A few days ago, I commented about the adverse feedback loop in our economy and how that might severely retard a recovery effort in the short- to mid-term. Today, we got an updated reading on one of the largest components of that loop, home foreclosures. The number of households caught up in the foreclosure [...] |
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