Economies get boosts from worldwide stimulus funds – but how long the world economies survive on borrowed time and money?
Fred Day
Jul. 29, 2009

Two plus two is four. How long can you bend and twist the calculator to make it look like five. The reality is that world economies are now saturated with borrowed artificial stimulus money. The recovery is only as robust as the stimulus packages.

Some 4 trillion yuan ($585 billion) in spending by China’s government has buoyed sales of Japanese cars, building equipment and steel. President Barack Obama’s “cash-for- clunkers” program is also helping prop up the U.S. auto market, while Japan’s own stimulus measures have boosted purchases of environment-friendly cars like Toyota Motor Corp.’s Prius.

World stock markets are topping out again marking the end of a fabulous bull rally within a long term bear market. The Dow Jones Industrial Aberage can now fall below 3,000 level within the next eighteen months.

Economies get boosts from worldwide stimulus funds – but how long the world economies survive on borrowed time and money?
Fred Day
Economies get boosts from worldwide stimulus funds – but how long the world economies survive on borrowed time and money?
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US durable goods orders fell by 2.5 per cent – depression deepens
Paula Zuba
Compared to the last year the orders were off by 28 per cent. Transportation orders went down by more than 12 per cent in June. The capital goods were down by more than 8 per cent.
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Medical insurance companies cannot refuse coverage on pre-existing conditions, services based on gender, place caps on coverage, deny children family coverage: Obama
Special Correspondent
President Obama wants to send a clear signal to the special interest lobbyists – their influence paddling days in Washington is over.
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Data may show Consumer confidence fell to 48.5 in July, from 49.3 the prior month
Marla Guthrie
In the middle of all that the inflation especially in commodities is edging up. That is not good for the economy or the stock market. The dollar will become weak and gold will take off above $1000 per ounce.
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New house sales in the US jumped by 11 per cent in June – why is lumber price so weak then?
Marla Guthrie
The price divergence between new home prices and the lumber price shows the fact that demand is artificially created by unrealistic price reductions. That is not sustainable on the long term.
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Verizon slashes 8200 jobs with drop in net income – economic depression intensifies
Sam Adelton
Typically in a bear market rally within a secular long term bear market, the market rallys big on a percentage basis but companies like Verizon with steady customer base keep experiencing declining profits.
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Social networking site Facebook has defended a controversial move that allows its partners to use members’ hosted photos to promote advertisements
Kiarn Chaube
It is easy to shift the responsibility to application developing partners. Fact of the matter is that Facebook has allowed use of pictures of members in a controversial manner.
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