My favorite quote of the article- "Never in the annals of human history have so many dollars done so little for so many." Exactly right, money is not moving thru the economy or being invested, its just sitting in gold funds and treasury bonds and 0% savings accounts. And weak demand because of lack of confidence in the future.
"We have a record amount of money in the system doing a record amount of nothing right now. And still the government policy wonks keep thinking that by injecting more money into a system already over-burdened by its money supply we will eventually get different results. The result is that investors today are still buying US Treasuries despite the fact that after calculating for the real inflation rate Treasury bonds are delivering net negative returns. In other words, investors choose to park money someplace where they are guaranteed to lose money."
If you want to be, press one. If you want not to be, press 2
Republicans are red, democrats are blue, neither of them, gives a flip about you.
Makes sense to me. But if I had a ton of money, I'd be using it to solve problems (which our government isn't trying to do, they're just kicking the problems down the road). I don't know if people and corporations are sitting on money either a.) thinking the government will take care of our problems so why should they? or b.) they're waiting for things to get worse and are hoarding. The result will be that we continue to flounder in a crappy economy.
"Now, more than ever, the illusions of division threaten our very existence. We all know the truth: more connects us than separates us. But in times of crisis the wise build bridges, while the foolish build barriers. We must find a way to look after one another as if we were one single tribe.” -King T'Challa, Black Panther
The truth is incontrovertible. Malice may attack it. ignorance may deride it, but in the end, there it is. ~Winston Churchill
Science Chic wrote: Makes sense to me. But if I had a ton of money, I'd be using it to solve problems (which our government isn't trying to do, they're just kicking the problems down the road). I don't know if people and corporations are sitting on money either a.) thinking the government will take care of our problems so why should they? or b.) they're waiting for things to get worse and are hoarding. The result will be that we continue to flounder in a crappy economy.
"The Buffenstein-Cooper book needs nearly 300 pages to explain this “labor certification” process. The Department of Labor requires many companies to engage in government-led “supervised recruitment” that can cost an employer $10,000 or more.
A stable legal climate is needed for investment and government agencies can make things worse by reinterpreting already strict rules without public notice. That happened in the case of L-1 and H-1B petitions at U.S. Citizenship and Immigration Services (USCIS).
Without any change in the law or the underlying regulations, denial rates for L-1B petitions, which are used to transfer employees with “specialized knowledge” into the United States, rose from 7 percent in FY 2007 to 22 percent in FY 2008."
