Latest topics
» UF2 Members Chat Thread: Part 3
Thu Mar 02, 2017 1:02 am by DesperateInRI

» UFO 2.1 VIDEO JUKEBOX - Our Chords & Keys To Ascension
Wed Mar 01, 2017 8:19 pm by DesperateInRI

» I see this board has been quiet
Tue Jun 07, 2016 1:24 pm by Knight1009

» Hello Ya'll. *Theirmommie*
Tue Nov 17, 2015 9:42 am by my_lucid_bubble72

» 20 % of Americans Struggle To Buy Food
Thu Jul 16, 2015 1:00 pm by pbrad009

» The Make Some One Day Challenge
Wed May 27, 2015 12:32 pm by Prof_NSA

» Clues to why they not hiring you
Sun Apr 05, 2015 5:25 pm by Sandra5yearsunemployed

» New Year Nothing Change
Tue Jan 20, 2015 5:48 pm by Prof_NSA

» Passed?!?! H.R. 3979: Emergency Unemployment Compensation Extension Act of 2014
Fri Dec 19, 2014 4:24 pm by charliekerper

» Forbes: America's #1 Problem is Jobs, Not Debt
Sat Nov 15, 2014 10:50 pm by jmainframe

» Economy just getting worse
Mon Oct 06, 2014 12:16 pm by oncemore

» January Jobs Report: U.S. Economy Adds 157,000 Jobs; Unemployment Rate Up To 7.9 Percent
Fri Oct 03, 2014 11:23 am by DesperateInRI

» Hey Guys!!!!
Mon Sep 29, 2014 9:17 am by pbrad009

Thu Sep 25, 2014 11:56 pm by pbrad009

» things are going to get worst
Sun Sep 21, 2014 7:51 pm by 

Social Networks
January 2018

Calendar Calendar

The Economy - Pushing on a String?

View previous topic View next topic Go down

The Economy - Pushing on a String?

Post by Guest on Fri Jul 01, 2011 6:02 pm

Neither President Obama nor his Jobs Council can lecture the economy back to health. Concrete actions are needed now.

This is a perilous moment for our country and for our economy. Job creation is sluggish, and unemployment remains stubbornly high at 9.1 percent. The housing market is still unsettled. Moreover we are beginning to see clear, unmistakable evidence of a gathering storm:

  • On April 18, there was the warning by Standard & Poor's about our future credit-rating.

    Moody's expressed similar concerns on June 2.

    An adviser to the Chinese Central Bank in June warned us sternly that even a brief U.S. default would be "playing with fire."

And finally, the cost of buying credit default swaps on Treasury debt -- those esoteric instruments used most commonly to insure against corporate bond defaults -- recently has been at its highest level since late-March.


Back to top Go down

View previous topic View next topic Back to top

- Similar topics

Permissions in this forum:
You cannot reply to topics in this forum