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Ebay to buy Gmarket for $1.2 billion

Ebay is expanding it’s horizons by announcing it will be buying South Korea’s largest online marketplace for $1.2 billion.
Ebay already has agreements for around 67% of Gmarket shares and made a cash offer of $24 a share for outstanding shares to Gmarket. Yahoo, who owns …

How inflation can be bad, and good? or…just bad.

In a recession, everyone feels the pinch. One of the worst hits is the cost of living continuing to increase while many are losing their jobs and homes. Without any extra income (or even a complete and sudden loss of income) it is difficult to …

Consumer spending increases while income decreases…?

From the AP:
“Consumer spending rose by 0.2 percent last month after an even bigger 1 percent jump in January, which was the largest one-month gain in 3 1/2 years, the Commerce Department reported Friday. Those gains followed a record six straight monthly declines as consumers …

Yesterday’s Fed decision could cost you, everywhere.

Yesterday when the Federal Reserve decided to print $1.2 trillion and pump the money into the economy, including buying $750 billion in mortgage backed securities and $300 billion in Treasury debt, every news source said it was a good move that would bring down mortgage …

CPI increases at the greatest rate since July

In July 2008 gas prices were at all time highs and the consumer price index was at 0.8% for the month. Since then, oil has fallen to lows it hasn’t seen in nearly 5 years and CPI has steadily decreased monthly to almost 0.2%.
In February …