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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Elroy Jetson who wrote (113023)7/10/2010 12:43:33 AM
From: clochard1 Recommendation  Respond to of 116555
 
To an investor of US stocks, whether abroad or at home, it doesn't matter whether Americans generally have jobs or not, whether they have to carry a gun to feel safe or not, or whether they starve, get sick, or go bankrupt or all of the above. Investors in BRIC ETF's don't care about the general population of those countries, so why should America be different?



To: Elroy Jetson who wrote (113023)7/10/2010 1:22:11 AM
From: Hawkmoon  Respond to of 116555
 
If you believe the best way to stimulate the economy is to direct the taxpayer or a private corporation to pay for 50% of the wages of my proposed chauffeur and personal chef, I'm behind you 100%.

Would you prefer that 100% of their "extended unemployment benefits (eg: Welfare) come from your taxes?

At least in your example, you're fronting 50% of the cost.

I'll totally agree that the solution is not ideal, but it is BETTER than the one's Pelosi and Krugman are suggesting.

Hawk



To: Elroy Jetson who wrote (113023)7/12/2010 4:10:24 PM
From: riversides1 Recommendation  Read Replies (1) | Respond to of 116555
 
Canada's economy can teach the U.S. a thing or two

latimes.com

By Don Lee, Los Angeles Times

July 11, 2010 | 8:26 p.m.

The United States will probably take years to recover from the global recession and credit crunch, economists say, but its northern neighbor is back in fine shape.

* 1 * 2 * next

While the United States, Japan and much of Europe are struggling with massive fiscal deficits, Canada's financial house is tidy and secure. Most economists say it will take years for the United States to make up the 8 million-plus jobs lost during the recession, but Canada — despite its historic role as a major supplier for the still-troubled U.S. auto industry — already has recovered essentially all of the jobs it lost.

Meanwhile, as Americans continue their grueling battle over immigration, Canadians have united behind a policy that emphasizes opening the door to tens of thousands of skilled professionals, entrepreneurs and other productive workers who have played an important role in strengthening the Canadian economy.