Clima esquenta e Aras parte para cima de colega em reunião; veja vídeo

What is happening to the American people? You know the people who go to work and support their families. Make their mortgage and rent payments every month. You know the American Dream. Now it’s like what I see is walking zombies. Where are the jobs? I hear all day long. I have never in my life seen so many people out of work at one time. Did all the jobs go out of the country? Isn’t there any left for you and me.

Recent legislation concerning personal credit reports is being widely welcomed by leading consumer groups. The new government initiative has meant that starting today, consumers will now be able to view their credit reports online for a one-off fee of £2.

As was written in 1986: ‘The problem is not just the personal, corporate and bank leverage nor just the unprecedented national debt, current account and trade deficits but with the addition of the huge unfunded liabilities it takes only a small trigger to get the whole economy to collapse.’ The leaders of both Parties in both Congress and the Administration and the Federal Reserve Bank failed to see this intellectually obvious, economic crisis coming. After the economic crisis hit them, they all recognized and now confirm that it was excessive leverage, i.e. the ratio of the debt relative to the equity, that was the problem.

Is the US going to become the next Greek Tragedy ask many? No, probably not, as the FED can always print their way out of any crisis. Still, where does that leave the rest of all of us? The US taxpayer does not owe the interest on debt philosophically speaking, they had nothing to do with the nonsense of Wall Street, or the politicians spending money with corporations for government contracts, in order to collect campaign contributions from those very companies.

Retail sales for June were down a disappointing -0.5%. This follows a revised -1.1% decline in May and was less than the consensus estimate of -0.1%. There can be no recovery without a robust increase in retail sales but inflation will remain low. Get ready for deflation!