Robert CaldwellWho I am
November 1st 2008 09:17
Hi there and welcome to my blog. My name is Robert and I'm currently studying Political Science at UNC (University of Northern Colorado) I'm also minoring in economics. I'm starting this blog because I want to talk about our economy with others and to get feedback as well.
With the Stock Market plunging and many financial institutions on the brink of bankruptcy its hard to be upbeat about the economy. However I do have some good news! Were actually faring better than our European counterparts these days. The U.S. dollar has been strengthening across the board. This is because people actually think the dollar is a good investment. The underlying asset of the Dollar is of course the U.S. its self. Foreigners actually think our economy is doing better than most. I know from our perspective this is hard to believe but its true.
The government has gone to great lengths to ensure the financial stability of the market from the TARP to guaranteeing some commercial paper. Some believe we are being socialist. Honestly I'll take a bit of socialism if it stave's off the 2nd great depression. I don't believe we are heading toward one anymore. If you talked with me when the fate of AIG was unknown I would've been singing a different tune.
To ensure the rest of the world doesn't fall into a recession Europe needs to get on board. England is still worried about inflation. INFLATION! Are they serious! Most countries have gotten on the band wagon and started to cut interest rates. They need to continue to do so if we are going to ensure the world doesn't get into a long recession.
That's all I have for now. I have plenty more to talk about so check back often! Also please leave comments and if you have a blog or site having to do with finances I might just drop by and take a look.
Until next time
Robert
With the Stock Market plunging and many financial institutions on the brink of bankruptcy its hard to be upbeat about the economy. However I do have some good news! Were actually faring better than our European counterparts these days. The U.S. dollar has been strengthening across the board. This is because people actually think the dollar is a good investment. The underlying asset of the Dollar is of course the U.S. its self. Foreigners actually think our economy is doing better than most. I know from our perspective this is hard to believe but its true.
The government has gone to great lengths to ensure the financial stability of the market from the TARP to guaranteeing some commercial paper. Some believe we are being socialist. Honestly I'll take a bit of socialism if it stave's off the 2nd great depression. I don't believe we are heading toward one anymore. If you talked with me when the fate of AIG was unknown I would've been singing a different tune.
To ensure the rest of the world doesn't fall into a recession Europe needs to get on board. England is still worried about inflation. INFLATION! Are they serious! Most countries have gotten on the band wagon and started to cut interest rates. They need to continue to do so if we are going to ensure the world doesn't get into a long recession.
That's all I have for now. I have plenty more to talk about so check back often! Also please leave comments and if you have a blog or site having to do with finances I might just drop by and take a look.
Until next time
Robert
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