Archive for the ‘Financial Crisis’ Category
Reducing Unemployment – The Problem with the Minimum Wage
The minimum wage in the United States is $7.25 per hour as of 2010. At that rate, a person working 2,000 hours per year (50 weeks of 40 hours) would have an annual income of $14,500. Employers must pay a number of additional taxes for workers. While workers must pay 6.2% of their income for [...]
In: Financial Crisis, General · Tagged with: minimum wage, unemployment
Why I Just Increased my Investment in Goldman Sachs
Although Goldman Sachs is currently under civil and criminal investigation, I am convinced that its actions were neither illegal nor unethical. Instead, I find the behavior of Congress to be questionable. After watching the Congressional inquiry, I have increased my investment in Goldman Sachs.
Goldman Sachs is a market maker. Like a bookie at a casino, [...]
In: Financial Crisis, General · Tagged with: Congress, Fabrice Tourre, Goldman Sachs, investment, Jon Tester, value
Gold and Silver – Birds of a Feather?
When we think of gold and silver, we often consider them to be very similar. Sure, gold is more valuable than silver. But, they are both precious metals suitable for jewelry and investing. When people get scared that their currency is going to weaken (become rapidly able to buy less), they tend to buy precious [...]
In: Financial Crisis, General · Tagged with: commodities, correlation, currency, deflation, gold, inflation, silver