Posts Tagged ‘Ben Bernanke’

Middle class fading away…
Saturday, April 5th, 2014
Greenspan, wikimedia 2

The middle class in California and the rest of America keeps fading away under assaults from Republicans and Democrats, Presidents Bush and Obama, Govs. Schwarzenegger and Brown. The latest from AP: "Since 2008, the number of people who call themselves middle class has fallen by nearly a fifth, acc...

Jim Rogers: big recession coming
Thursday, September 26th, 2013
Jim Rogers: big recession coming

As regular readers of this site know, I've long pointed out that recessions hit every 4-6 years. The last one began in Dec. 2007. That's almost 6 years ago, so we're due. Here's a YouTube of famed investor Jim Rogers. He points out that the 2007-09 recession was so bad because of the massive debt...

U.S., CA could be hit by Federal Reserve potential massive loss
Thursday, February 28th, 2013

Feb. 28, 2013 By Chriss Street Last week in my article here, "Misery Index about to soar in CA, US," I warned that a rise in a combination of inflation and unemployment, known as the Misery Index, could “distort financial markets.” And it could result in “significant capital losses" on thei...

Bernanke’s QE3 slamming California economy
Monday, September 17th, 2012

Sept. 17, 2012 By Wayne Lusvardi Those desperately in search of a cure for cancer will often try apricot pits bought in Mexico, exotic herbs or light therapy treatments. None has been proven to be effective. In an action with direct implications for California, the Federal Reserve Bank is conduc...

California on the Peso Standard?
Monday, May 9th, 2011

MAY 9, 2011 By JOHN SEILER Californians keep looking for ways to boost our economy, which also would bring in more revenue to the state government. The Legislature still is struggling with a budget deficit of about $15 billion, after $10 billion in cuts were made. Here's an idea: Switch to using ...