Archive for December, 2008
Wednesday, December 10th, 2008
Wealth destruction has been occurring in cycles for centuries. Businessmen have made and lost fortunes. Regions have suffered from depression-like cycles while others enjoyed expansion. However this time looks to be different. Nobody likes a personal economic compression (or depression). Compression is valuable in that it functions to remove ...
Posted in Biblical Economics & Money | Comments Off on Survival Mode
Friday, December 5th, 2008
At warp speed, legislators approved a $700 Billion bailout for Wall Street with the total now standing at $8.5 Trillion. Wall Street Executives single handedly have wiped out trillions of dollars of wealth while receiving exorbitant bonuses in the process. Hank Paulson was a recipient of some of this bonus ...
Posted in Biblical Economics & Money | Comments Off on Unequal Weights and Measures… Another Example
Tuesday, December 2nd, 2008
"The U.S. credit-card industry may pull back well over $2 trillion of lines over the next 18 months due to risk aversion and regulatory changes, leading to sharp declines in consumer spending, prominent banking analyst Meredith Whitney said. The credit card is the second key source of consumer ...
Posted in Biblical Economics & Money | Comments Off on The Perfect Storm Continues