Dear Jim,
Here is a visual guide to the financial bailout.
Respectfully Yours,
Monty Guild
www.GuildInvestment.com
Hi Jim,
The good news is that the trade deficit is shrinking. The bad news is that the trade deficit is shrinking (in a country with structural deficits). The charts below illustrate this point.
http://www.facebook.com/photo.php?pid=1259083&l=20805&id=557304509
http://www.facebook.com/photo.php?pid=1259084&l=47bfc&id=557304509
Click charts to enlarge
Trade deficit drops to $39.9B; lowest in 6 years
US trade deficit in Dec. falls to lowest level in nearly 6 years as recession cuts imports.
WASHINGTON (AP) — The U.S. trade deficit fell to the lowest level in nearly six years in December as the recession depressed demand for imports. The trade deficit in 2008 fell for a second straight year and economists expect an even bigger decline this year.
The Commerce Department said Wednesday that the deficit in December fell 4 percent to $39.9 billion, from $41.6 billion in November. It was slightly higher than the $36 billion deficit economists expected.
For the year, the deficit shrank by 3.3 percent to $677.1 billion. It was the second straight annual decline after five straight years of record deficits.
Jim,
Here is more of who is in charge in Pakistan.
CIGA BJS
Taliban using schools as leverage
Wed, 11 Feb 2009 16:43:59 GMT
Taliban has given the Pakistani military 3 days to withdraw from the northwestern regions threatening to destroy all the schools in the area.
Taliban threatens to destroy all the schools in northwestern Pakistan should military doesn’t leave the troubled region within three days.
“After three days we will spare no school in Bajaur and attacks on schools will be launched in other tribal districts in the next phase,” Tehreek-e-Taliban (TTP) Spokesman Maulvi Omar said Wednesday.
Hi Jim,
Bailouts, stimulus packages, etc only exacerbates the problem as defined by the “Formula.”
Formula Charts:
http://www.facebook.com/photo.php?pid=1259387&l=e8b6a&id=557304509
http://www.facebook.com/photo.php?pid=1259386&l=2a6d1&id=557304509
http://www.facebook.com/photo.php?pid=1259385&l=9f2f1&id=557304509
Regards,
CIGA Eric
Click charts to enlarge
Budget deficit swells to $569 billion
Wednesday February 11, 2:22 pm ET
By Ben Rooney, CNNMoney.com staff writer
The Treasury Department said Wednesday that the federal budget deficit grew $83.8 billion in January, bringing the total deficit for the first four months of the fiscal year to $569 billion.
By comparison, the Treasury ran a cumulative surplus of $89 billion during the first four months of fiscal 2008. So far this year, the deficit has already exceeded the $455 billion deficit for all of fiscal 2008.
