Green Energy
Hope and Change Watch.
From the Washington Post:
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NYTIMES: HOUSEHOLD SURVEY CAN BE OFF BY 50%! HERE'S WHY THE UNEMPLOYMENT RATE WENT DOW: IT'S BASED ON THE "HOUSEHOLD SURVEY" ; AP: In September, the household survey showed that the number of people who said...
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Fox: Middle class suffers 'worst decade in modern history,' report says The middle class is receiving less of America's total income, declining to its smallest share in decades as median wages stagnate in the economic doldrums and wealth...
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Hey, I burned through my retirement and severance and unemployment and ran the credit cards up to try and survive these last 3-1/2 years of Wreckovery. I understand the pain of the people in this story. But not the idea things may be turning around. MSNBC:...
- Debt Beyond Belief
Alan Caruba's essay is HERE. As Mr. Caruba rightly points out, the United States has now reached the point that the government can no longer collect enough taxes to make a smidgen of difference and our national debt. When a household reaches the point...
- I've Got News For You Hotshots At Morgan Stanley And Goldman Sachs .. The Recession Is Over When My Clients Are Not Too Petrified To Buy
Recession unofficially ends as economy grows 3.5 percent WASHINGTON (Reuters) - The U.S. economy grew in the third quarter for the first time in a year, beating market expectations, as consumer spending and new home-building rebounded, signaling...
Green Energy
The Obama Economy Has Hit Poor, Uneducated Blacks and Hispanic Harder Than Any Other Group
Hope and Change Watch.
From the Washington Post:
The study is part of a growing body of research on the role of household wealth — or lack thereof — in amplifying the impact of the recession and slowing the rate of recovery. Traditionally, economists and policymakers have focused on the effects of employment and income.
But the report from the St. Louis Fed argued that swings in household balance sheets — which include home values, stock prices, savings and debt — were critical in determining which families weathered the financial storm and which got swept away.
The report found that the most fragile households were not well educated, relatively young or black or Hispanic, or some combination of those characteristics. Those families tended to have low savings combined with high debt and accrued much of their wealth through housing.
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NYTIMES: HOUSEHOLD SURVEY CAN BE OFF BY 50%! HERE'S WHY THE UNEMPLOYMENT RATE WENT DOW: IT'S BASED ON THE "HOUSEHOLD SURVEY" ; AP: In September, the household survey showed that the number of people who said...
-
Fox: Middle class suffers 'worst decade in modern history,' report says The middle class is receiving less of America's total income, declining to its smallest share in decades as median wages stagnate in the economic doldrums and wealth...
-
Hey, I burned through my retirement and severance and unemployment and ran the credit cards up to try and survive these last 3-1/2 years of Wreckovery. I understand the pain of the people in this story. But not the idea things may be turning around. MSNBC:...
- Debt Beyond Belief
Alan Caruba's essay is HERE. As Mr. Caruba rightly points out, the United States has now reached the point that the government can no longer collect enough taxes to make a smidgen of difference and our national debt. When a household reaches the point...
- I've Got News For You Hotshots At Morgan Stanley And Goldman Sachs .. The Recession Is Over When My Clients Are Not Too Petrified To Buy
Recession unofficially ends as economy grows 3.5 percent WASHINGTON (Reuters) - The U.S. economy grew in the third quarter for the first time in a year, beating market expectations, as consumer spending and new home-building rebounded, signaling...