28 mai 2009

Vive l’indépendance ! Économie En Chiffres En Vidéos États-Unis Hétu Watch Philosophie

Voici comment l'appartenance des Américains aux partis politiques a évolué depuis 6 ans:

Pew Research Center

Si Richard Hétu n'ose pas en parler, Glenn Beck de son côté ne cache pas sa satisfaction:

28 mai 2009

Le prix de l’opposition Économie Gauchistan Venezuela

Voici comment Hugo Chavez a mis son pays sur la la route de la servitude:


« In 2004, the Chávez regime in Venezuela distributed the list of several million voters whom had attempted to remove him from office throughout the government bureaucracy, allegedly to identify and punish these voters. We match the list of petition signers distributed by the government to household survey respondents to measure the economic effects of being identified as a Chavez political opponent. We find that voters who were identified as Chavez opponents experienced a 5 percent drop in earnings and a 1.5 percentage point drop in employment rates after the voter list was released. A back-of-the-envelope calculation suggests that the loss aggregate TFP [Total Factor Productivity] from the misallocation of workers across jobs was substantial, on the order of 3 percent of GDP. »

Leon Trotsky a déjà dit : « In a country where the sole employer is the State, opposition means death by slow starvation. The old principle: Who does not work does not eat, has been replaced by a new one: Who does not obey shall not eat. »

28 mai 2009

Le géant aux pieds d’argile Économie États-Unis International Récession

The Daily Telegraph

US bonds sale faces market resistance
The Daily Telegraph

The US Treasury is facing an ordeal by fire this week as it tries to sell $100bn of bonds to a deeply sceptical market amid growing fears of a sovereign bond crisis in the Anglo-Saxon world.

The interest yield on 10-year US Treasuries – the benchmark price of long-term credit for the global system – jumped 33 basis points last week to 3.45pc week on contagion effects after Standard & Poor’s issued a warning on Britain’s « AAA » credit rating.

The yield has risen over 90 basis points since March when the US Federal Reserve first announced its controversial plan to buy Treasury bonds directly, a move designed to force down the borrowing costs and help stabilise the housing market. The yield-spike may be nearing the point where it threatens to short-circuit economic recovery. While lower spreads on mortgage rates have kept a lid on home loan costs so far, mortgage rates have nevertheless crept back up to 5pc.

The US is not alone in facing a deficit crisis. Governments worldwide have to raise some $6 trillion in debt this year, with huge demands in Japan and Europe. Kyle Bass from the US fund Hayman Advisors said the markets were choking on debt. « There isn’t enough capital in the world to buy the new sovereign issuance required to finance the giant fiscal deficits that countries are so intent on running. There is simply not enough money out there, » he said. « If the US loses control of long rates, they will not be able to arrest asset price declines. If they print too much money, they will debase the dollar and cause stagflation.