May 8, 2009Two stories today paint a rather dire picture of the current economic situation. First, jobless numbers were released today, showing the economy losing another 539,000 jobs in April. Since Inauguration Day, the economy has lost 2,585,000 jobs, bringing the unemployment rate up to 8.9%, the highest in over 25 years. The loss of private-sector jobs, [...]
April 3, 2009Anyone with even a basic understanding of idea of Economics will understand that when there is no balance between expenditures and receipts, disaster will usually become inevitable. Sure, the average person or business that is deep in debt can refinance, perform balance transfers to new lines of credit, and move money around, but in the [...]
