Thursday, September 8, 2011

Economic Report - September 8, 2011

Stocks waver ahead of Bernanke, Obama speeches
They both are going to support anti business policies, but they will support their base (financial institutions and liberal progressives).

ECB chief signals rates firmly on hold
The velocity of money is stagnant. Until the U.S. and Europe both raise their interest rates, the velocity of the dollar and private business will remain stagnant.

More people applied for unemployment benefits
The results of stagnation caused by long term low rates leading to almost zero velocity on the dollar.

US, rich nations need to support growth, OECD says
Liberal progressives (socialist) demanding more money for their base. Socialism is great until you run out of money.

No comments:

Post a Comment