It’s been tough to save money since the Crash. Right now many of us are receiving a negative real interest rate on our savings. (If we have savings.) That is, the interest we get on our money is not enough to keep up with inflation. From the moment we buy a CD or deposit money into an interest bearing account we are actually losing money. (We are losing even more money though if we keep it in our mattresses – by a very small amount.)
Most Keynesian economists do not want to admit that we are in another depression. They find the word painful.
The times they are a changin’ and they are a changin’ in jolly old England.
We’ve had an amazing run in the markets and many people think the bull will just keep on running. Maybe so. But eventually every bull runs out of steam even ones which are fed by the Fed.
Some people get on us for pointing out that public employee unions are kind of a JV crony team which costs the taxpayers of this country billions each year. Invariably the people who benefit form unionized government work howl and insist that they are in fact the “good guys.” They are just trying to do their job and to be paid adequately for it. And oh, by the way, don’t touch their pension. We should focus our attention on the evil corporate America.
If the voters of Switzerland do choose to back their currency with gold I promise you that there will be MUCH more interest in the Swiss franc.
As Bill Frezza correctly identifies in the attached piece, the federal indictment of FedEx on drug trafficking charges is a shakedown pure and simple. For $1.6 billion.
Cough it up FedEx.
I am pretty sure the point the creators of this infographic are trying to make is that the bazillionares should “pay their fair share.”
I have a different take.
I would actually argue that this is an antiquated way of looking at things. I would be more interested to know which cities leaned more toward statism and which generally leaned away.
Politics continues to get more and more interesting. Things are changing in a big way.
It’s not all driven by Rand Paul. Technology (and social media specifically) has a lot to do with it. The economy sputtering does too. And of course the general war fatigue.
But Rand is articulating a message which reflects where many Americans are right now, in a way that I’ve never seen in my lifetime.