Sign up for PyrBlu Coaching and Product List
Recent Comments
Archives
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
Meta
Tag Archives: Recession
Bring On The White Mocha
Ok, I’ve tightened my belt. Now what? Does the economy have you making different decisions today than last year? How about two years ago? Instead of the grande breve white mocha with extra whipping cream served up extra hot, you’ve cut back to the regular mocha sans white.
Perhaps you’ve hit rock bottom and only order the standard latte? Well there is always Folgers instant brew. No offense meant to the connoisseurs of hot drinks. At what point in time does your economic situation require drastic measures?
Econ Update: August 2010
US Bonds continue to receive an enormous amount of money. Why? Because of the increasing fear of a global economic slowdown. This is not to say they don’t already recognize that things are tough, rather it means they don’t see it getting better for a long time.
The financial markets can’t figure out the Fed. The Feds don’t agree on a direction. Existing home sales were 27% lower than last month.
It appears the meddling from Washington academics has produced unintended consequences. This is not news to us. The problem lies in the fact that they think they are the solution.
Posted in Family, Fiscal Literacy, Politics, Retirement
Tagged Economy, Feds, Recession, Spending Plan
Leave a comment
The Geopolitics of Our Recession
The Geopolitics of Our Recession
During the Great Depression, the US gross domestic product (GDP) contracted by nearly 50 percent over three years. There hasn’t been a similar calamity since. So let’s compare our current economic woes to other events since World War II and see if there is anything similar in framework with which to compare.
The S&L crises of 1989, when an entire sector of the US financial system collapsed, makes a great case study. During that crisis, the US government intervened—essentially guaranteeing or purchasing commercial real estate, whose decline triggered the crisis. The total amount allocated by the feds in the S&L crisis was about 6.5 percent of GDP. The amount actually spent, before recouping costs via sales, was less than 3 percent.