Hyper Report - 100907

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First....
Obama Calling for More Infrastructure Spending
Vowing to find new ways to stimulate the sputtering economy - and perhaps save his allies in Congress, President Obama will call for long-term investments in the nation's roads, railways and runways that would cost at least $50 billion. While the proposal calls for investments over six years, spending would be front-loaded with an initial $50 billion to help create "shovel-ready" jobs in the near future. While the idea is popular in Congress, coming up with offsetting tax increases or spending cuts has been a stumbling block. That did not stop them before... why should it now? These idiots are getting too predictable; in that as I said before, they have the go-for-broke attitude and they are addicted to stimulus like some narcotic now.

Next...
The Unemployed
For the first time since the Depression, unemployment is above 9.5% for two consecutive Labor Days. The downturn has been an equal-opportunity unemployer. So, instead of spending time over the past year seriously addressing the economy of the U.S., our elected leaders spent over a year shoving a stupid health scam down our throats while the economy went to hell in a hand basket. Many of those unemployed have now seen their benefits completely run out, meaning the hardship and the economy are going to get worse from here on out.

Next...
Bank On This: 1 In 10 On FDIC 'Problem List'
The Federal Deposit Insurance Corporation reported that 829, or approximately 1/10, of the nation's approximately 7,800 banks are on its "problem list." and they could go bankrupt. Loan balances across all major loan categories fell during the second quarter 2010, with total loan and lease balances falling by 1.3 percent. Total assets for the banking industry fell 1 percent, to $13.2 trillion in the second quarter. I sense a banking bailout coming...

Next...
The Higher Education Bubble: Ready to Burst?
Imagine a product whose price tag for decades rises faster than inflation. But people keep buying it because they're told that it will make them wealthier in the long run. Then, suddenly, they find it doesn't. Prices fall sharply, bankruptcies ensue, great institutions disappear. Sound like the housing market? Yes, but it is also the higher education bubble. Government-subsidized loans have injected money into higher education, as they did into housing, causing prices to balloon. But that is not the worst part... The American Council of Alumni and Trustees concluded, after a survey of 714 colleges and universities, "by and large, higher education has abandoned a coherent content-rich general education curriculum." The sad part is that college may be the new middle school. Many graduates, even Masters, can not even compose a sentence... so how are they to compete in a global economy. Most of the degrees people get may be useless and have no job market potential... The near future belongs to feet on the ground jobs.

Finally,
Please prepare now for the forthcoming economic, and subsequent social, unrest that will hit the US.
Good Day

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