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Posts Tagged ‘U.S. Economy’

China fights inflation by printing money…

Obama had his buddy from China over for dinner this week. The two countries are good to talk about each others’ flaws and shortcomings. The US keeps repeating that China is manipulating its currency to peg it to the US dollar and thus hurting US exporters. China is getting tired of Mr. Bernanke’s printing press devaluing the dollar and exporting inflation in their homeland. Food prices rose by more than 10% in 2010 in China.

We know the US is printing money, the Fed chairman made it very clear for the last 2 years with the 2008 bailout and QE …

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How many saw the housing bubble in the US? No housing bubble in Canada?

When you hear people say that there will be no housing bubble in Canada because we are different, please remember that the vast majority of economists, government officials, and financial pundits could not see the disaster coming as it was staring them in the face in the US. It may come as a shock to you but people have agendas when there are cheerleading home prices. Politicians want to keep voters confidence, businesses want consumers to keep shopping, networks want to keep ratings high with optimism, banks and real estate brokers want to continue making money on fees and interest. …

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Homes: have we hit the bottom?

Homes sales in the US plunged, sorry crashed, by 27.2%. With real unemployment rate at 17%, 40 million on Food Stamps in the US and 15 million Americans looking for a job – why would that surprise anyone is, well, surprising. Come back to me in 2013 and we can talk about a bottom in the US housing market. You can put the interest rates as low as you want, add all the tax credits you can dream of, when you don’t have a job or are afraid of losing the one you have, the last thing on your mind …

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$202 What?

There is an interesting study by Larry Kotlikoff, professor of economics at Boston University, which states that the US is indeed bankrupt. How?

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Articles by MJ Loiselle, the MJ Economics web site and the MJ Economics Newsletter ("MJ Economics publications") are published by MJ Economics, a division of Nuno ID Inc. Information contained in MJ Economics publications is obtained from sources believed to be reliable, but its accuracy cannot be guaranteed. The information contained in MJ Economics publications is not intended to constitute individual investment advice and is not designed to meet individual financial situations. The opinions expressed in MJ Economics publications are those of the publisher and are subject to change without notice. The information in such publications may become outdated and MJ Economics has no obligation to update any such information.