Economic Crisis 2008
Economic Crisis 2008Author: Andrew Abraham2008 Economic Debacle Let’s start with the fact that the median US income last year was $50,233 dollars. Now lets add to the fact that the plan of Treasury Secretary Henry Paulson's $700 billion dollar to stabilize the banking system, that every man, woman and child in the U.S. would be owing more than $37,000 each.This puts the situation in simple context. Let’s put it another way, approximately 73% of the median income will be needed for this plan. It is beyond obvious that we are going to be paying this off for a long time, and quite obviously our grandchildren.Henry Paulson’s plan may push the national debt to the highest level since 1954 and possibly causing a diminished demand from foreigners for U.S. bonds as well as potentially other assets. Why would foreigners still be attracted to U.S. assets? How about a worse question will US investors still be attracted to US assets?Again it seems pretty clear that this $700 billion dollar plan can cause a jump in interest rates prompted by the glut of additional Treasuries needed to finance the plan. Needless to say the dollar has been weakening against the euro and many other currencies.How can this be a good way to get out of our current economic debacle!Let’s put it yet another way, Paulson’s plan could drive the debt above 70 percent of gross domestic product and the annual budget gap to an all-time high, possibly exceeding $1 trillion next year. The US is not the only one in this party, just look at several other developed nations have debt levels far higher than that of the U.S such as Japan at 196 percent of GDP and Italy at 104 percent of GDP.
Pages: [1] 2
Pregnancy Miracle - How Can I Fix Female Infertility Naturally? (Ezine Ready)Pregnancy Miracle - How Can I Fix Female Infertility Naturally? You have permission to publish this article electronically or in print, free of charge, as long as you leave the article title, author name, body and resource box in tact (means NO changes) with the links made active and you agree to our posted . Use the tools below to copy the article in plain text form, or you can copy it as HTML, ready to copy and paste directly into a web page. HTML Version: Pregnancy Miracle - How Can I Fix Female Infertility Naturally? Pregnancy Miracle - How Can I Fix Female Infertility Naturally? Author: Miranda Smith Pregnancy Miracle - How Can I Fix Female Infertility Naturally? Learn How to Get Pregnant within 8 Weeks Looking for ways to eliminate female infertility? It is always safer to use holistic solutions in trying to get pregnant with low fertility. |
Snowshoe for a Great Aerobic WorkoutSnowshoe for a Great Aerobic WorkoutAuthor: Gerald FitzIf you’re tired of the winter, and more importantly if you’re tired of the gym, you might explore what snow shoeing has to offer. If you’re looking for a good alternative to the treadmill or elliptical machine, most outdoor retail shops sale or rent show shoes for a very reasonable fare, pick yourself up a pair and head for the hills.Many people might think shoe shoeing is just a goofy way to spend some time in the snow. While it is a fun activity, what you may not realize is that snow shoeing is a great workout and a very enticing option for anyone who’s sick of the gym. |