Cumberland Advisors Market Commentary indicates that there have been 8.4 million American jobs lost due to the recession, and that it may take upwards of four years to recover those jobs. That would be a recovery of about 175,000 jobs per month, every month. Continue reading "Market Notes - 2010/04/02" »
Saturday, April 3. 2010
Market Notes - 2010/04/02
Welcome to Planet NIT WIT
NIT WITs (Nationalize, Inflate, and Tax . Whatever It Takes) in Washington
Taken from a Casey Daily Dispatch:
Key among the tools used by governments around the globe to fund their steady expansion are the rights they take unto themselves to Nationalize, Tax, and Inflate, or NIT for short.
And they don't stop there. If a problem arises that threatens the status quo in any way, governments these days are quick to do "Whatever It Takes" (WIT). And we.re not just talking about snuffing out Arab bogeymen in Dubai hotels or handing over $180 billion to failing insurance companies - these days, if a problem is considered serious enough, no obvious limits need apply.
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