AmericaSpeaks TheVoiceOfJoyce 3.3 Million file for jobless claims. QE for the Middle Class may become a reality? Small businesses can apply for loans to retain employees. Large businesses have to retain 90% of workforce to get loans. Some may want to start group GOFUNDME pages, others should Unionize, not a fast palliative, I’m sorry. Be safe and be well.

http://www.washingtonpost.com/business/2020/03/26/unemployment-claims-coronavirus-3-million/

The Voice of Joyce: The Fed

I used to think The Fed had no more tools in their tool box.  Until they announced a  method to halt a liquidity trap when systemically significant Banks are insolvent.   When the crash of 2008 occurred, Lehman Bros was a weak link. The Vulture Funds, pretty much everyone, drove the Brokerage house into bankruptcy … More The Voice of Joyce: The Fed

PUBLIC ADVOCACY: Boundaries are necessary

Boundaries effects us more then you think, when we talk about the revolving door between Washington and Business or Lobbying we are speaking boundaries. With the laws allowing federal employees to become lobbyists we have blurred the boundaries between the two and totally negated ethics in favor of self interest. When Sheila Bair left government … More PUBLIC ADVOCACY: Boundaries are necessary

PUBLIC ADVOCACY: Debt Private & Public

DEBT. No wonder  folks hate debt. We were brought up the same way. Little credit card debt. No money spent unless you had it. Never shopping for the pleasure of shopping. You wanted something you bought it. End discussion. Now the recession has made The Middle Class  paupers in mind , spirit and actuality. The … More PUBLIC ADVOCACY: Debt Private & Public

PUBLIC ADVOCACY: No more debate, inequality exists, create jobs

You can’t make this stuff up. The. NY TIMES (last week) wrote about the following topics of concern  : Climate Change and income inequality They are linked. As the major European nations struggle through recession,  the targets for Carbon emissions have been met. Unemployed workers use less energy Next we read in the FT 1/24/14. … More PUBLIC ADVOCACY: No more debate, inequality exists, create jobs

PUBLIC ADVOCACY: sweat the small stuff and move forward

1/31/14 The Economist blames the technology for the rise of the top 1% and the decline of the Middle Class. It’s a convenient theory but untrue, up until the Financial Crash, the Middle Class was still prospering, but the schemes perpetrated by the Banking and Insurance Industries, created a real wealth transfer to the top … More PUBLIC ADVOCACY: sweat the small stuff and move forward

PUBLIC ADVOCACY: The Financial Times: Safe Banks/Economic Growth

According to Thomas Hoenig, reporting in the FT 8/20/13, a Vice Chairman of the FDIC, ” recent research found no evidence that higher bank capital leads to lower volumes of loans over the long run.  ” Given the magnitude of the Financial Crisis of 2008;     does anyone really believe that greater capitalization of the … More PUBLIC ADVOCACY: The Financial Times: Safe Banks/Economic Growth

PUBLIC ADVOCACY: Regulate Banks and create JOBS!

Decrease the Banking Sectors proportion of the GDP and Create Jobs.   Banks and Bank” like structures” account for 60% of the GDP.   With the new accounting rules, we’ve been fooled into believing the unemployment rate has decreased.  But it’s not true!  Wall Street and equities have skewed the numbers and these calculations have nothing … More PUBLIC ADVOCACY: Regulate Banks and create JOBS!

PUBLIC ADVOCACY: The Excesses of the Banking/ Broker Cuture

Let’s go to the movies. I Just saw the “WOLF OF WALL STREET” a Scorcese and Leonardo di Caprio tour de force. I felt the same way I had felt years ago, when I saw” Goodfellas”, dirty. The excesses on Wall Street have increased non stop through the decades. With the stakes higher then they … More PUBLIC ADVOCACY: The Excesses of the Banking/ Broker Cuture

PUBLIC ADVOCACY: The need for Bank Capitalization and Regulation

Gretchen Morgenson, NY TIMES 1/5/14, A roadblock to brawny Bank Reform. The need for tougher Capital Rules. ” It is unclear why the Fed is stalling on the leverage ratio to be maintained to prevent risk and create a Bank capital cushion that frees the public from another bailout? “Basel 3 will not be implemented … More PUBLIC ADVOCACY: The need for Bank Capitalization and Regulation