Tag: Financial Crisis
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$7,400,000,000,000
That’s what the Fed is pledging to “rescue the financial system,” according to Bloomberg.com. That’s 50% of 2007 GDP, or 288% of 2007 federal tax revenues. Makes my prior post sound look like a praise of good budgeting.
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The Only Graph You Really Need to Understand the Auto Industry’s Problems
It’s the best one-image summary of why the Detroit Three are in such hot water, and it’s on Michigan economist Mark Perry’s blog. (h/t Greg Mankiw).
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Are Stocks Really A Bargain?
Elliott Wave International asks, “Are stocks really a bargain?” If you believe your eyes, the answer is pretty clear. P.S. In case you were wondering what the current DJIA dividend yield is (click the link above to see why this is relevant), you can see that here.
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Ouch
Let’s all hope this, at least, does not repeat. It’s a miracle the American Dream has survived this long.