Archive for March, 2009

Sunday, March 8th, 2009

The Family Gathering – 50% Present Laid Off Recently

My uncle had his annual chili cook off at his home this weekend and I was amazed at how openly people talked about recently being laid off.  There were about sixty people at the cook off and about half of them had been laid off recently and most were nervous they would be laid off […]

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Thursday, March 5th, 2009

Senates Seek $500 Billion for FDIC!

Why not throw another $500 billion into the mess?   A trillion here, a trillion there, and top it off with another 1/2 trillion!   The WSJ is reporting that Chairman Dodd is asking for $500 billion in loans from the Treasury for FDIC. Senate Banking Committee Chairman Christopher Dodd is moving to allow the Federal Deposit […]

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Thursday, March 5th, 2009

FDIC Could Become Insolvent In 2009

I’ve been warning people over and over again but the complacency persists but now you can hear it from the FDIC chair’s mouth: March 4 (Bloomberg) — Federal Deposit Insurance Corp. Chairman Sheila Bair said the fund it uses to protect customer deposits at U.S. banks could dry up amid a surge in bank failures, […]

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Thursday, March 5th, 2009

Jon Stewart Eviscerates CNBC

I was rolling on the floor last night watching the Daily Show with Jon Stewart.   He pretty much eviscerated CNBC in a collage of clips over the past couple of years.   CNBC is a perennial cheerleader for CEOs, the stock market and other business leaders.   Nothing wrong with that but there’s never anything truly objective, […]

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Tuesday, March 3rd, 2009

Well That Didn’t Take Long

On January 1st, 2009  I made some predictions about what would happen in 2009 so let’s review: 1. Massive earthquake 8.0 or better to hit in 2009.   I have an earthquake widget that sits on my desktop and based on observations for the year, it would seem a major quake is inevitable.   The 2004 India […]

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Monday, March 2nd, 2009

The Billionaire Bears Club

Warren Buffet says, “the nation’s economy will be in shambles throughout 2009 and probably well beyond” and George Soros says, “We’re in a crisis, I think, that’s really the most serious since the 1930s and is different from all the other crises we have experienced in our lifetime.” And yet we continue to have a […]

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Sunday, March 1st, 2009

Why Are Bookstores So Useless?

It’s no secret that MILLIONS of people are unemployed and many more may be losing their jobs soon so you would think that this would provide bookstore owners with a brilliant idea of stocking up their shelves with career advancing books and other training materials right? Well you’d be wrong because I went to three […]

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