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Joblessness in the US to stay for a while?
This article says unemployment will remain high and change America significantly: The Great Recession may be over, but this era of high joblessness is probably just beginning. Before it ends, it will likely change the life course and character of a generation of young adults. It will leave an indelible imprint ...


Predictions for gold, stocks, and currencies
Interesting article here that predicts gold prices will slide while large gains can be made with certain currencies in Asia. They say go heavy on stocks but from developed rather than emerging markets.


Recent gains for the US dollar
It's interesting to note that as soon as we see some bad news in Europe, the dollar gains against virtually every currency in the world. The dollar is still considered "safe" (despite the fact that holding onto dollars could have cost you big over the past couple years) because it ...


Traveling Budgets and the Currency Exchange
When is the best time to exchange money for a trip? Everyone has a different opinion when it comes to exchanging money. Some travelers believe that waiting until you arrive at your destination airport is the most efficient way to exchange money, but in today's volatile global market that strategy can ...


What to do when debt collectors have the wrong person?
Question: I've been getting calls from a debt collection agency based in NJ. They continue to call even after I've told them many times, I'm not the person they are looking for. I'm just baffled that someone has my home number and is asking for someone other than my wife ...


Commercial real estate losing value
This article talks about how commercial real estate is falling in value. The article gives a few reasons to be pessimistic about the economy. One of them: "We expect construction activity to continue to pull back over the next 18 months," as "property values still face significant further declines."


Abby Joseph Cohen at Goldman Sachs sees a bull market but I see a broken record
Cohen at Goldman Sachs says it's a bull market. Again. Problem is Cohen is a cheerleader with one outlook for the market - positive. I was shocked when she started urging for caution after Lehman went under. If you think we're in a bull market then fine - start buying. But ...


Just the front side of a recession?
Just talked to a friend who had some interesting things to say about the economy, particularly about how we are being misled by the government and Wall Street: This is the front end of a recession - the tougher back end is in front of us. Jobs are a lag...not a lead ...


Detroit, NYC, Phoenix, Portland, Minneapolis
According to this article, Detroit, NYC, Phoenix, Portland, Minneapolis are expected to see continuing housing declines for a while. Detroit is no surprise except maybe some people though things could not possibly get much cheaper. I guess I've always thought of New York as crazy expensive so I'm not sure ...


Headlines misleading the public on Buffet?s view of the US economy
You've probably seen the headlines about how Buffet says the economy is in shambles. If you haven't already, take a look at the full interview because it doesn't sound to me that he thinks we're a hopeless case. He's basically saying we will recover but there's a risk of inflation ...