THE LAST TIME NORTH AFRICA HAD PROSPERITY WAS UNDER THE ROMAN EMPIRE

* THE VANDALS TAKE AWAY NORTH AFRICA FROM THE ROMANS

to be continued

TURMOIL IN ITALY LEADS TO A RISE OF AN ECONOMIST

Astoria , New York USA

With the end of Berlusconi fourth government in the last 17 years, another government forms. This is one is headed by Mario Monti , a well known and respected economist. He holds an economics degree from Bocconi University in Milan and has completed graduate studies at Yale University. He has been appointed to European Commission in 1994 and was instrumental for the blocking of the merger between Honeywell and GE. Italy has a significant amount of debt and has been said that a default of this nation could have serious repercussions around the world. " Monti's job will be a difficult one as he must implement austerity measures to manage Italy's excessive debt. The real economist blogspot will monitor the new Italian government and its progress in fixing its massive problems. " finalized FPG.

MAYOR BLOOMBERG SAYS TO BLAME CONGRESS FOR UNITED STATES PROBLEMS

* NOW WE KNOW WHY MAYOR BLOOMBERG MAY NEVER BE PRESIDENT OF THE UNITED STATES
Astoria, New York
As reported on Yahoo News, Mike Bloomberg has blamed the United States Congress and banks in the United States for the mortgage meltdown and sinking real estate prices. The billionaire mayor who has made his fortunes on Wall Street and real estate has made the comments in response the Occupy Wall Street Movement. "As a real economist, I understand Mike Bloomberg's frustration with the disruption caused by Occup Wall Street but I don't understand the blame game against the United States Congress. Congress is made up of Democrats and Republicans and they represent the people of the United States. By blaming them, you are blaming the entire United States and its capitalistic structure." said FPG. Blaming the US banks and investment institutions is okay because they are the ones who create all kinds of investment vehicles that have caused the demise of the mortgage market. Perhaps Congress woke up too late when the meltdown already began before acting, but the blame cannot go to them. " I believe that the comment against Congress is not beneficial to the three time mayor and perhaps it sends us a signal that Bloomberg will never be President." finalized FPG.

ECONOMISTS ARE NOT LIKE DOCTORS

Astoria, New York City
"Two separate professions with different end results" says FPG. Doctors have one thing in mind and that to cure a patient and make sure that they do their best at it. They don't want a little mistake that can become a big lawsuit and cost them their medical license. With economists, they can make plenty of inaccurate predictions and nothing happens to them. Life goes on. They will make a comment saying that they did not know or they did not expect something to happen that changed the end result. How accountable is your economist to what he or she says? "No accountability whatsoever. Just bite the bullet." says FPG. " Doctors have no easy way out, but economists do. Economists can destroy the economy by advising banks and politicians." FPG recalls Larry Kudlow as he twisted the real estate question 's answer around to make it look like that he was correct. " There are many Kudlows out there and that has a devastating multiplier effect" finalized FPG.

IS OCCUPY WALL STREET FOLLOWING THE ROMAN PLEBEIANS OF 494 BC?

Astoria, New York
It was 494 BC when the plebeians of the newly formed Roman Republic rebelled against the patricians who controlled the city of Rome. After more than two centuries under the rule of the roman kings ( Rome was founded by king Romulus ), most of the citizens of Rome were plebeians. They did not share the wealth and the power of the patricians who were the minority. The plebeians were the artisans, the shop owners, the flea market vendors, the bakers, the farmers. They were people who had to work hard to earn a living. And still, they had to pay high rents to the enriched patricians who took away their working pot earnings. Today in New York City, a new movement, inspired by the ideals of the working Romans 2 and half milleniums ago, is the so called Occupy Wall Street Movement. While the Roman Plebeians left Rome and went to Mons Sacer ( Sacred Mountain ), the protesters of Occupy Wall Street have remained in New York City and have made Zuccotti Park, near Wall Street, their sacred home. The Real Economist Blogspot will continue to monitor this situation as it grows throughout other US Cities. " This is all about economics and the politics of money " said FPG. " When you try to play with economics like many politicians and economists do, you get these undesired results in the population unrest against aristocracy. Capitalism is a beautiful thing in idea but when it comes down to the facts, it is something that is manipulated with." FPG blames rising costs of necessity items and the greed of management of public companies who take advantage of normal shareholders by giving themselves all kinds of perks and bonuses besides getting high salaries. " I believe that this is a difficult journey for Occupy Wall Street protesters due to legal complexity surrounding Wall Street aristocrats and fat cats. We all should know that the legal power of Wall Street is more powerful than any other out there and to break it, it might take to power of something even bigger and that is the might of the US Government."

THE REAL ECONOMIST KNOWS REAL VALUE

A real economist knows what value means, not like fake ones that have talk shows on CNBC. On a show today on FOX Business, they talked about inflation and some products that rose in the last 12 months. Corn has soared more than 100 percent, gasoline more than 33 percent but poultry only 2.2 percent. Many food items have risen 10 or more percent and this is putting a strain on many people as they lose their buying power in the midst of no increase in their wages and almost non existing bank interest. Going against this increase is the price of real estate. But one guy, one economist known to us all, one guy who loves to comment on politician and tax laws, Yes, that infamous guy known to us as the chief economist of the once Bear Stearns, Larry now host at CNBC, protected the values of real estate on a formula with M1,M2
he created, but insinuated that he cannot comment on the direction of this very important sector of the economy.

A REAL ECONOMIST IN RICK SANTELLI AT CNBC

THE REAL ECONOMIST BLOGSPOT SEES RICK SANTELLI AS A REASONABLE ECONOMIST
Astoria, New York
" You can't find a better expert in the field than Rick Santelli of CNBC " said FPG. " Rick Santelli, a regular business anchor from the Chicago bond desk, is known as one the economic newsman that says things that are the way they really are. We don't need people like his counterpart Larry Kudlow, chief economist, who find objections and are politically minded. Rick is reasonable and knows a lot in the field of economics. True economics is the way to go and the sweeping things under the rug style embraced by Larry Kudlow has been used for a long time. I believe that Santelli has a wide range of ideas to offer politicians and in my opinion, he may be a presidential candidate oppurtunity himself. Immagine Rick Santelli as future president of the United States? For Rick's interview please go to yahoo finance.

FEDERAL REGULATORS TAKE IN MORE BANKS IN 2010 THAN 2009

* REAL ESTATE, THE MAIN CAUSE OF BANK FAILURES
* LAWRENCE ( LARRY ) KUDLOW OF CNBC DID NOT ANYTHING ABOUT REAL ESTATE IN 2006
* NY REAL ESTATE IS THE BACKBONE OF THE US ECONOMY AS MORE PEOPLE LIVE OFF REAL ESTATE IN NEW YORK
ASTORIA, NEW YORK
With 125 banks taken over by the FDIC in 2010, we wonder what is happening to the United States Banking system. Last year at this time it was 94banks and we thought that was bad. This is worse and you use calculus, you will feel the marginal propensity of destruction of the free banking system. Larry Kudlow did not want to understand the importance of real estate. When asked the question " Are Americans borrowing too much aginst the value of real estate? " he made up the reasoning that valuations went up and that was okay. He refused to discuss real estate valuations and predictions. So, I asked myself " Who is responsible to answer that question? " A Real Estate broker? He told me that prices are going up and if you don't buy now, you will loose out. A banker? He told me that banks are giving out money and that you need to apply for a loan. A lawyer? He said that he was busy and that he has many closings. An Insurance agent? He said that you need to get insurance just in case something happens to you? A politician? I did not ask since the our chief in Washington answered that during his radio addresses. A seller of a property? After getting his price, he confidentially told me. I am happy what I got but I feel sorry for who bought the property. He is going to work harder than I did to keep up with the payments. An economist like LARRY KUDLOW??? Why didn't Larry understand the problem. From Economics 101 to International Trade to Economic Law to Calculus and Statistics, what was he thinking about Real Estate? He couldn't study the problem. Specializations is okay with Medicine, Teaching or Technical work but not with Economics. If you are a Senior Economist, then you have to be prepared to answer questions from A to Z. Larry apologized in 2008 for his mistakes but it was too late. The economy had gotten a real estate sickness that could last for a long time. Living off Real Estate is nice but eventually you will pay the price if you don't undersatnd the fundamentals of it.

BILLIONAIRES THAT ARE FRUGAL, BECOME RICHER

Astoria, New York
In an article posted on Yahoo,we can learn from some frugal billionaires who save in a very frugal manner, even though they can afford anything. In response to that article, this blogspot of the real economist can explain why some billionaires are so frugal. " The answer is personal character. " said FPG. " Some billionaires come from the old school and that is a plain fact. Carlos Slim of Mexico is the richest one of them all. He is old. He lived in the harsh times after World War II. His mentality is to save to the last penny in order to make more money. He preferred to live in his house of 40 years because it's probably sentimental to him. But he knows that by doing so, he would avoid buying another one at today's market prices, a hefty increase since he bought his first one. " Frugal billionaires may be very price conscious and therefore they hesitate in moving forward if not needed. Why buy a new car if an old one is comfortable and still works well? On the other hand, Silvio Berlusconi is not mentioned in the article. " Berlusconi is probably a good spender. He likes to live the rich life, spending left and right. His spending has caused him problems too. His latest divorce with his wife was because of his spending on young pretty girls as well as call girls." continued FPG. " I believe that spending depends on the individual. There are people who like to spend more and others that like to spend less. But it's how you spend and what you get out of it that determines your level of frugality" finalized FPG.
For the article on frugal billionaires please go to: http://finance.yahoo.com/banking-budgeting/article/110550/tips-from-frugal-billionaires?mod=bb-budgeting

FROM MICROCAPSTOCK.BLOGSPOT

DOUBLE DIP SCARE HAS MARKETS ON THE EDGE
*WILL MICRO CAPS BE A BETTER BET?
*IN A WORLD OF HIGH DEBT,LESS ROOM FOR EQUITIES
Astoria Heights, New York
It may be better being careful than aggressive in these periods. An orrendous 2008 to early 2009 followed by some kind of recovery that has vanished as the Dow dipped deeper in the 9000 levels. FPG believes that after the rebound in the markets that we expereienced since March 2009 we have now been under pressure for many reasons. "In a market that is under pressure like this, we have serious doubts in sustained growth and therefore we are seeing some chaotic period. Micro caps are also under pressure and therefore forecasting on the all is impaired. Slow hand picking cheap situations is a better bet." said FPG. In a world of high debt there less money available for equities. Only smaller money and fewer people will be able to take risks. "Unless governments come out with better solutions, we can be in this status quo for a while. Micro caps will always be there and companies that are committed in doing the right thing by the investor, will have the upper hand. " finalized FPG

THE DOW GOES DOWN DEEP BELOW 10,000, NOW BELOW 9,700

*JOBS, OIL SPILL, EUROLAND WOES TAKE CREDIT FOR DOW SINKING
*THE US SHOULD SAVE MONEY, NO SPORADIC FIREWORKS ON THE JULY 4TH WEEKEND

GREEK FINANCE MINISTER SAYS GREECE IS NOT ARGENTINA

* MINISTER SAYS GREECE IS NOT DEFAULTING AND THAT MEASURES TAKEN WILL WORK
Astoria, New York
George Papaconstantinou, the Greek Finance Minister has spoken to Bloomberg reporter in reference of the downgrade of Greek bonds. He had strong words for the markets telling the investing community that austerity measures taken will yield to fruition. Stay tuned on Bloomberg TV for more developments.