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Economy - Economics USA

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AP

More than 8 million consumers stopped using credit cards over the past year. The decline stems from a combination of consumer choices and bank actions. An analysis by credit reporting agency TransUnion found that use of general purpose credit card

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Maxkeiser.com & YouTube.com

In this Russia today interview by Max Keiser, Bregtje van der Haak explains the mindset of Californians suffering thru the worst economy in over 70 years. They believe that the people who destroyed them are winners, and they are losers...

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www.latimes.com

'Getting this budget under control is going to require some broad sacrifice,' Obama says. The pay freeze, which does not apply to the military, is part of an effort to contain the $1.3-trillion federal deficit, the White House says.

News Link • Global Reported By
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arclein

But unlike QE1, QE2 is not about saving the banks. It’s about funding the federal deficit without increasing the interest tab, something that may be necessary in this gridlocked political climate just to keep the government functioning.

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www.drscoundrels.com

Do you think our Congress is listening? Europe is falling apart, capitalistic socialism is failing, their bailouts are getting worse and yet we have a Speaker of the House of the lame-duck session of our Congress to is unwilling to do what histori

News Link • Global Reported By Rich Hilts
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China Daily

China and Russia have decided to renounce the US dollar and resort to using their own currencies for bilateral trade, Premier Wen Jiabao and his Russian counterpart Vladimir Putin announced late on Tuesday.

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ZeroHedge.com

"New orders for manufactured durable goods in October decreased $6.8 billion or 3.3 percent to $196.0 billion, the U.S. Census Bureau announced today. This decrease, down two of the last three months...

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