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Lets Hang Together or We Will Surely Hang Apart!

Where Are They Hiding $47 Trillion in Toxic Derivatives?

Posted in July 18th, 2009
by hallslug in Economy, Politics, Rich People, Wall St. Bailout

The Banks and Federal Reserve Are Hiding $47 Trillion in Toxic Derivatives
There’s this nagging question that just keeps coming back to me about the bailouts to all the ’surviving’ Banks and especially Goldman Sachs, since they haven’t missed a beat. I keep asking, how the hell did they do this?
Most of the increase in our [...]

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Economy Will Recover

Posted in May 1st, 2009
by hallslug in Economy, Middle Class, Unemployment

U.S. Economy Could Recover Much Sooner Than Expected
You’ve heard all the gloom and doom about this recession. Now here’s some good news: the economic recovery could happen much sooner—and be much stronger—than anyone thought possible. 
Though the latest economic data is still giving a mixed picture, a small but growing group of economists is disputing [...]

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Buffett Lost $10.9 Billion in 2008

Posted in March 1st, 2009
by hallslug in Economy, Rich People

Berkshire Hathaway Guru, Warren Buffett says U.S. Economy is in Shambles

NEW YORK (Reuters) - Berkshire Hathaway Inc (BRKa.N) (BRKb.N), Warren Buffett’s insurance and investment company, barely broke even in the fourth quarter because of losses on derivatives contracts tied to the stock market.
Profit fell 96 percent, the fifth straight quarterly decline, and Berkshire’s net worth [...]

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Gas Prices Continue to Fall

Posted in August 10th, 2008
by hallslug in Economy, Peak Oil, Politics

Gasoline Prices Continue Fall
NEW YORK, Aug. 10 (UPI) — Retail gasoline prices have fallen for the 24th straight day, a AAA survey of gas station sales showed.The national average price for a gallon of regular gas are down more than 7 percent from the record high of $4.114 on July 16, CNNMoney.com reported Sunday.
Even [...]

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