Category Archives: Recession

Bernanke Announces QE3 In A Big Way

Ben Bernanke announced today that QE3 (Quantitative Easing 3) would be an open-ended round of buying mortgage securities and keeping rates between 0% and 0.25% through mid-2015. This move is the biggest and boldest of all the easing the committee has done yet. Unlike QE1 and QE2 where there were limits set to how much…
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Obama May Extend Bush Tax Cuts

Yesterday President Obama announced that he may be open to extending the Bush tax cuts at least for a little while. This article from the Wall Street Journal explains who might benefit from this.
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Is China As Strong As We Think?

Some experts are concerned that China’s economy is unsustainable. Without the Chinese government subsidizing many Chinese companies, they would not be profitable right now. Will they go from boom to bust? Watch this video to learn more.
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Plain English Crusade

Chrissie Maher is a 71 yr. old English woman who is on a mission to get banks to use plain, easy to understand english. She feels that their confusing “gobblygook” helped cause this recession.
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The Perfect Storm – Part 3

Today’s tsunami in Samoa is much like the economic recession that we are in. The factors that caused it were like the earthquake. Once that happens, the wave is coming, and there is nothing that will stop it.
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