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The Road to Financial Ruin: We Have to Spend Money Now (GoldSeek.com)
When just about all economists agree, should we rejoice or be scared? During the Weimar Republic, economists at the Reichsbank argued that printing money to finance a war was "exogenous" to the economy and thus not inflationary. Hyperinflation in the ensuing years proved them wrong. Printing For Less laying off 12 workers (Bozeman Daily Chronicle)
A third major Livingston employer is laying off employees. Yen, dollar gain as more market turmoil erupts (TODAYonline)
Bundles of one dollar bills at the Bureau of Engraving and Printing in Washington, DC. The dollar recouped early losses and traded mainly higher Wednesday, shaking off a record plunge in US consumer prices, as currency traders flocked to safety amid renewed turmoil in financial markets. Price drops feed fears of deflation (The Sarasota Herald-Tribune)
After gyrating wildly for weeks, the stock market lurched lower on Wednesday, falling to its lowest point in nearly six years, as concern spread that the economy might be beset by a chronic and debilitating decline in prices. Living with Less Money and Shopping (WTAP Parkersburg)
Due to a struggling economy and a shorter holiday shopping season the ShopperTrak RCT retail research firm predicts a record drop in the number of people filing into stores this time of year. Bill Clinton Opens His Records (Washington Post)
Bowing to vetting process for wife, Clinton agrees to clear charitable activities with Obama team. Newspapers face fresh printing pressures (Financial Times)
Newspapers, which are already bracing themselves for falling advertising sales as the global economy turns down, face more bad news next year as newsprint producers try to push through steep price increases. Questions linger, challenges ahead (Morgan Hill Times)
"Ask five economists and you'll get five different answers - six if one went to Harvard." - Economist Edgar R. Fielder We don't have to look to Wall Street or Detroit for evidence of the difficult economy. Local examples abound. Echosign prepares for tipping point of e-signatures (ZDNet)
Electronic signatures aren't new. In fact, they've been equivalent to written signatures since 2000, under the Federal E-Sign Act. But adoption has been slow. Sure, my tax accountant may be submitting my electronic signature on my tax returns but recently, when it came time to put my out-of-state home on the market, I found myself printing 30+ pages from a PDF, signing the documents and then ... An Open Letter to Congress (The Motley Fool)
Those who do not learn from history are doomed to repeat it
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