Global Economy Bursting?

[Randolph Kinney]

Unions under fire as states try to curtail benefits

http://money.cnn.com/2011/02/18/news/economy/union_protest/?cnn=yes

Wisconsin, Ohio, Tennessee, New Jersey lead the parade to stifle unions and force unions to pay more of their health insurance and pension contributions.

 

[Randolph Kinney]

Japan's Yanagisawa Says Doubling of Sales Tax Needed to Shore Up Finances

http://www.bloomberg.com/news/2011-...tax-above-10-kan-panel-s-yanagisawa-says.html

Japan's soaring debt and welfare costs means raising the sales tax from 5% to over 10%.

Hey, welcome to California! It ain't enough.

 

[Randolph Kinney]

G20 Leaders Voice Worry on Trade

http://www.nytimes.com/2011/02/19/business/global/19euro.html?nl=todaysheadlines&emc=tha25

Fast growing developing countries are luring money away from slow-growth and no-growth developed countries and that will set the stage for future problems. So says Federal Reserve chairman, Ben S. Bernanke.

The United States Treasury secretary, Timothy F. Geithner, asked: “How do we get sustainable durable growth in the advanced economies?”

What to do? Print more money and spend more money!

 

[Randolph Kinney]

“We Owe How Much?”: Waiting for The Big Splatter

http://gonzalolira.blogspot.com/2011/02/we-owe-how-much-waiting-for-big.html

100%+ = debt to GDP ratio and climbing. Does it matter?

 

[Randolph Kinney]

Internet firms' valuations reminiscent of bubbles

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/02/19/BU141HPB06.DTL

The estimated worth of Facebook at $52 billion, Zynga at $10 billion and Twitter at up to $10 billion.

Social media has become the next dot.com bubble.

 

[Terrel L. Shields]

The United States Treasury secretary, Timothy F. Geithner, asked: “How do we get sustainable durable growth in the advanced economies?”
What to do? Print more money and spend more money!

we need to stop letting emerging markets have an advantage over us... Korea isn't "emerging" anymore so why do we allow unfettered auto import from them while they restrict exports to them to a few hundred cars? We should restrict what they restrict and also wean all these nations off cash foreign aid. ...and stop pretending we can police the world.

Social media has become the next dot.com bubble.

does anyone even remember "myspace" and how its value has plunged?

 

[Randolph Kinney]

Chinese Buying Of Gold, Silver Exploding

http://blogs.forbes.com/robertlenzner/2011/02/19/chinese-buying-of-gold-silver-exploding/

Gold and silver purchases are replacing property speculation in China as the preferred investment.

 

[Doug Meyer]

I keep saying, buy gold and silver

 

[Tom Woolford]

I keep saying, buy gold and silver

I'm thinking in a couple weeks of SELLING a couple hundred oz of silver.

 

[Terrel L. Shields]

Just another sad commentary on the state of affairs... runaway inflation and lies about who is the beneficiary of it

http://www.youtube.com/watch?v=EShAFhOqh7o