Ford Forecasts 2010 Profit

Ford Forecasts 2010 Profit, some good news for a change.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aTTwGK0nh9b8&pos=4
Jan. 29 (Bloomberg) — Ford Motor Co. forecast a 2010 pretax operating profit and posted $2.7 billion in net income for last year as Chief Executive Officer Alan Mulally reaped the benefits of his recovery plan after three annual losses
Fourth-quarter earnings were $868 million, or […]

What Have the Presidents’ Done to America?

I have watched television talking heads and pundits expound on the insane debt levels that President Obama and the Democratic Congress has been heaping upon us lately, but each time I hear it, my doubt increases. I keep cringing at hearing how President Obama is leading us to economic oblivion by the growth in the […]

The Geography of a Recession

This is a stunning graphic of the national unemployment picture by county since January of 2007. It has more impact if you enlarge it to full screen mode by clicking on the icon on the lower right corner in the bar below the map (the icon with four arrows pointing in opposite directions).

US is sending 10,000 troops to Haiti. Is there oil there too?

The US is sending 10,000 troops to Haiti. A recent 20 billion barrel oil discovery puts Cuba in the big league of oil producing nations. Since we have troops everywhere else on the planet where oil can be found (except for Russia), including the recent opening of seven new military bases in Colombia near the […]

The Looming World-wide Food Shortage.

This is a must read for anyone who cares about what is about to hit our already beleaguered world economies. I will warn you, this is pretty scary stuff.
http://www.marketskeptics.com
I was going to write on this topic myself, but decided this web blog from marketskeptics.com did as good a job on this subject as could be […]

Only Dealership In Detroit Closes

I never in my life thought I would see this day. Dalgleish Cadillac, located at 6160 Cass Ave. in Detroit has been told by General Motors they will be closed as part of their restructuring. This is the last automobile dealership left in Detroit. Here is the link:
http://www.clickondetroit.com/news/21676874/detail.html
Clayton

Fears of hunger are becoming more obvious.

My greatest fear this winter is a worldwide famine. Here are a few articles that I have read that are pointing this out more and more.
http://www.philly.com
“America is hungry and getting hungrier, with 49 million people - 17 million of them children - last year unable to consistently get enough food to eat, according to a […]

HOW IMMIGRATION AND MULTICULURALISM DESTROYED DETROIT

I am a native born Detroiter who moved away long ago. This stuff tears my heart out:
http://www.newswithviews.com/Wooldridge/frosty506.htm
“If Detroit had been savaged by a hurricane and submerged by a ravenous flood, we’d know a lot more about it,” said Daniel Okrent. “If drought and carelessness had spread brush fires across the city, we’d see it on […]

US May Face ‘Armageddon’ If China, Japan Don’t Buy Debt

“The US is too dependent on Japan and China buying up the country’s debt and could face severe economic problems if that stops, Tiger Management founder and chairman Julian Robertson told CNBC.”
“If the Chinese and Japanese stop buying our bonds, we could easily see [inflation] go to 15 to 20 percent,” he said. “It’s […]

Financing Failure

The government has now given Freddie Mac and Fannie Mae the green light to refinance homes at up to 125% of their value.  This policy is simply incredible.  The government, through these two quasi-governmental organizations, is re-creating the circumstances that have caused hundreds of thousands of Americans to walk away from their homes, mailing their […]

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