There is no doubt that inflation is unfavorable to development. At some stage in times of inflation, both consumers and firms are adversely affected. In fact, inflation can absolutely cause an expansion in the poverty incidence of a nation and indirectly cause elevated unemployment rates. There are several proposed methods in order to solve the challenge of inflation. Basically, these solutions require government intervention. Finished are the days when the prices and the tide of the economy ... Read More

And I think you know what we mean when we say "tool".  Old Dennie boy was up to his antics again last night.  He was calling out all of the bloggers who dissed his "recession is over" call as mean spirited, bitter, recluses basically because they disagreed with his idiotic call.  He issued a challenge I guess to a few of these writers to come on his show and "debate" him on his call. 

Evidently only one person took him up on his offer, a gentleman named " ... Read More

Rolling Stone published an article from Matt Taibbi in its June issue that is a must read for anyone who has been following along at home.  I have to say I have been following this thing for years and this article is the absolute best - bar none - explanation on how we got where we are today.  If you are at all interested in what is really going on and what caused the financial and debt crisis we are in, you really need to take a little time to read this and spread it around to ever ... Read More

Well, well, well, once again Jim Cramer is going to be wrong.  Cramer has been going on and on for months now about the bottom in housing coming no later than the end of June, 2009.  Last night on his show he declared the "official bottom" for the housing market about 2 weeks before his self imposed deadline. 

Keeping it all in perspective, remember that sometimes listening to Cramer can be very dangerous to your wealth.  Recall if you will that he was sa ... Read More

Wanted to do a quick update on where I think we are in these great unchartered waters.  Today the market closed up 96 pts right at 8500 on the DOW.  It seems like things just want to keep going up for now.  I was thinking this morning that the fundamentals may not matter anymore and I am kind of on the fence with those thoughts.  What I mean is we keep hearing about recovery this and recovery that but what is it all really based on?  The market is up over 30% from the ... Read More