Our financial system is crumbling this week.

[heyzeus]

Indicators are showing some good signs. There's reasons for optimism for the first time in 3 years.

http://money.cnn.com/2011/01/05/news/ec ... htm?hpt=T1

[Arthur Dent]

[/youtube]


http://www.nytimes.com/2011/01/08/busin ... 8jobs.html

103,000 jobs in a month is not a good number at all. Basically stagnation. A good number would be about triple that (or more given the depth of the employment hole). That said, my own employer is finally hiring, so I'm feeling somewhat more optimistic.

[Socnorb11]

The newly elected Republicans have been in charge of the House for a few days now. I don't know why all of this isn't fixed yet. What are they waiting for?

[AWvsCBsteeeerike3]

Anyone that knows anything about economics want to speculate as to why this guy is wrong?

http://finance.yahoo.com/tech-ticker/ba ... set=&ccode

[TimeForGuinness]

Anyone that knows anything about economics want to speculate as to why this guy is wrong?

http://finance.yahoo.com/tech-ticker/ba ... set=&ccode

Well for one, the guy seems pretty calm and cool considering the level of destruction he's talking about.

[Hungary Jack]

The sky is always falling somewhere.

[ghostrunner]

Anyone that knows anything about economics want to speculate as to why this guy is wrong?

http://finance.yahoo.com/tech-ticker/ba ... set=&ccode

Well for one, the guy seems pretty calm and cool considering the level of destruction he's talking about.

I'd be planting a crisis garden.

This seems like being asked to prove there is no Easter Bunny. Besides, the guy looks like a quack.

[TimeForGuinness]

Anyone that knows anything about economics want to speculate as to why this guy is wrong?

http://finance.yahoo.com/tech-ticker/ba ... set=&ccode

Well for one, the guy seems pretty calm and cool considering the level of destruction he's talking about.

I'd be planting a crisis garden.

This seems like being asked to prove there is no Easter Bunny. Besides, the guy looks like a quack.

If he was dressed to enter a Thunderdome, I'd be more worried.

[Arthur Dent]

Finance seems to have more than its share of extreme predictions.

[AWvsCBsteeeerike3]

Right. I understand that.

But, it seems, to me at least, that he has a valid point that you have to make something people want. We've gotten by by just giving out money which obviously everyone wants. But...that definitely won't last forever.

On top of that, the states being in so much debt. Illinois, New Jersey, California, Texas etc are facing huge deficits and cuts/tax raises which could mean the loss of jobs for government workers both at the state and municipal level of their funding is cut as a resutl.

I guess I just worry too much. But, man, there's a lot of bad still out there.