Jay Walker

Jay Walker is an independent currency trader and a financial commentator.

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Articles by Jay Walker

China expanding their political influence in Europe
Few countries have recently been in need more than Greece have. And while business can create some strange bedfellows, so is being a nation at the brink of bankruptcy.
Going broke creating jobs - How the Federal Government has more work than the private sector
According to the latest Gallup Job Creation Index, there has been more hiring in Government than in the private sector. 27% of workers in the survey said their workplace was hiring in comparison to 22% of the people surveyed had a shrinking workplace for an overall index of +5%. What's fishy is that the same index for Federal employees was of a cool +18%.
Greece and the ahem...hazardous (yeah right) way to go broke.
Such irresponsibility created a situation where where 40% of the Greek workforce can retire at age 50 and receive a pension. At that point, it's a no brainer to understand that this creates a lack of taxpayers which brings a lack of revenue to the state.
Remember Entrepreneurship?
hat is needed is for America to go back to entrepreneurship. Nobody alive today remembers but there was a time in history when GM, Ford and Chrysler didn´t exist. These companies came into existence because individuals like Alfred Sloan, Henry Ford and Walter Chrysler had the vision, the audacity and the courage to create something different. In that era, that meant the creation of some method of transportation that was better than a horse.
Major Bank Failure: Only a matter of time
I believe that the mortgage crisis was the first of many dominoes to fall. After all, the policies of the banks reflect the ones of their government and judging by how the American government has been borrowing and spending itself into oblivion these past years the reasons why some banks would fail become self-explanatory
Is August 12th the end of market socialism?
This SEC order amounts to socialism and I find it hypocritical that a government agency of a country that claims to promote capitalism will act in such a manner. To watch market forces at work when unencumbered is a beautiful thing. Certainly, the occasional stock goes south but that´s the nature of the beast.
"Sorry, the Dollar has been discontinued" Dollar freakout
The 30 seconds TV commercial mentions a site, a 7:50 long video where the full effect of people´s reactions can be seen. They vary from confusion, shock and anger. One nearly gets violent. …over a burger. So how are people supposed to react now that Bloomberg got a story out about the U.S. Deficit to reach $490 Billion in 2009?
Schwarzenegger cleaning up the state budget barn
When Governor Davis was ousted, Schwarzenegger was brought in to clean up the house which is exactly what he is trying to accomplish. The fact that he is considering such punitive measure just goes to show how much he has to put up with. Donīt blame him, blame the people stopping him from doing his job of cleaning up the mess that is the financial books of the State.
Fraud victim numbers to increase due to the state of the economy
It's no secret that a lot of people are now facing financial hardships. Many are losing their home and many more are just trying to keep up with mortgage payments. There is also too many people using credit cards and effectively going into debt just to pay the gas that allows them to commute between home and work.
As predicted -evidence that fraud will be on the rise
judging by the recent reported troubles of Wachovia, the apparent lack of customer care and the possibility of criminal employees, I know who I will not bank with.
American Express - The dollar debacle continues
American Express saw it's shares fall by 11 percent today after withdrawing their 2008 earning forecasts. Second quarter profits fell 37 percent.
FBI eating IndyMac (and cheese)
IndyMac has been a champion at giving out alt-A mortgages. In fact, if giving out alt-A mortgages was a sport, they would have been on the Wheaties box.
The Federal Reserve and Ben Bernanke want the collapse of the U.S. Dollar
In a time of economic crisis, it is quite an inflammatory thing to say that Ben Bernanke wants to purposefully collapse the U.S. Dollar.

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