Category: Economy
By Larry Doyle on Nov 20, 2009 in Current Affairs, Economy, Housing & Housing Crisis, Sense on Cents (Larry Doyle blog) | 12 Comments
Time reveals truth.
I love that pearl of wisdom shared by Danielle Park, my guest this past Sunday evening on No Quarter Radio’s Sense on Cents with Larry Doyle. I find it very applicable to the recently released economic report on housing starts. What did that report indicate? Housing starts in October registered a supposed surprising [...]
By Larry Doyle on Nov 19, 2009 in AIG, Current Affairs, Economy, Sense on Cents (Larry Doyle blog) | 9 Comments
On Tuesday, I wrote “Just How Sorry Is Goldman Sachs?” in response to a blanket, unspecified, and unsolicited apology put forth by Goldman Sachs CEO Lloyd Blankfein. In my commentary, I asserted:
Wait a second. Blankfein admits that Goldman participated in activities that led to the crisis? Get Lloyd back in here and ask him for [...]
By Rabble Rouser Reverend Amy on Nov 18, 2009 in ABC News, Bamboozling, California, Current Affairs, Economic Stimulus, Economy, Employment, Joe Biden, Stimulus Plan, Unemployment, Vice President | 45 Comments
Recently, Vice President Biden reported that the Stimulus Program had created a huge number of jobs. If you have 41 minutes to spend to watch him - what the hell is the matter with you?? Oh, no wait - sorry. Ahem. I meant to say, if you have the time, you [...]
By Larry Doyle on Nov 18, 2009 in Economy, Sense on Cents (Larry Doyle blog) | 16 Comments
“If you can keep your head when all about you are losing theirs…”
Retail sales rebounded strongly this month posing a 1.4% gain. Good news, right? In an attempt to provide a degree of sanity to what has become an extremely volatile report, let’s break this report down a little bit further.
Recall that our automotive sales [...]
By Rabble Rouser Reverend Amy on Nov 18, 2009 in Current Affairs, Foreign Affairs, G20, Japan, President Barack Obama, Saudi Arabia, Secretary of State Hillary Clinton | 204 Comments
* Bumped up *
Remember back in April when Obama traveled to the G-20 and bowed to the king of Saudi Arabia? If not, here it is:
Actually, that doesn’t look as much like a bow as it does a genuflect. Not, true, says Obama’s Spokes Weasel, Robert Gibbs. Oh, no - it is [...]
By Larry Doyle on Nov 17, 2009 in Economy, Global Finance, Sense on Cents (Larry Doyle blog), Wall Street | 21 Comments
With friends like this, who needs enemies?
That trite saying is far too simplistic in defining the diverse and convoluted nature of U.S.-Chinese relations. That said, as President Obama prepares to arrive in the People’s Republic of China for the first time during his Presidency, he is faced with an extremely aggressive overture from Liu Mingkang, [...]
By Larry Doyle on Nov 15, 2009 in Economy, Sense on Cents (Larry Doyle blog) | 14 Comments
* Bumped Up *
Ignorance of the law is never an acceptable defense on Main Street; regrettably, the same does not seem to hold true on Wall Street. How so?
A recent auction-rate securities arbitration case involving an investor who purchased ARS from a Raymond James financial representative acknowledges the ignorance of the sales rep, but effectively [...]
By Larry Doyle on Nov 11, 2009 in Current Affairs, Economy, NoQuarter Radio, Sense on Cents (Larry Doyle blog) | 0 Comments
* Promo bumped down. Listen to the November 15th, Sunday night show in BlogTalkRadio archives, or via iTunes (see our instructions in the right column).
Our global economic landscape continues to present new twists, turns, peaks, valleys, and challenges. There are those who believe we are in the midst of a V-shaped recovery, while others [...]
By Ani on Nov 9, 2009 in Bailouts, Bank Bailouts, Barack Obama, Campaign promises, Current Affairs, Democratic Party, Economic Stimulus, Economy, Health Care, Medicare, Obama Administration, Obama's Budget, Pandering, President Barack Obama, Race Card, Rahm Emanuel, Speaker Nancy Pelosi, Universal Health Care | 39 Comments
Just before midnight Saturday, the House rammed through the 2,000 page monstrosity laughingly known as the health care bill. I’d say they did it under cover of night, reneging on a promise of a 72-hour waiting period. Again, who read this thing? How much arm twisting was involved to prevail in this [...]
By Rabble Rouser Reverend Amy on Nov 9, 2009 in Chicago politics, Congress (House & Senate), Current Affairs, Democrats, Health Care, President Barack Obama, Speaker Nancy Pelosi, Unemployment/Jobs | 31 Comments
Yesterday was one for the ages. No, I’m not talking about the House of Representatives passing their Health Care Reform Bill. No, I will give you a break from the lunacy that is our Congress, one that passes a bill with little time for review thus resulting in Nancy Pelosi violating her promise of [...]
By Larry Doyle on Nov 8, 2009 in Economy, Sense on Cents (Larry Doyle blog), Unemployment/Jobs | 28 Comments
(Bumped up from November 6th, the day the bad news on unemployment came out. Stay tuned for LD’s radio show at 8 p.m. ET.)
The widely anticipated November Unemployment Report covering the month of October was just released. Let’s dive right in and take a look at the numbers . . .
I. UNEMPLOYMENT [...]
By Rabble Rouser Reverend Amy on Nov 6, 2009 in 9/11, Current Affairs, New York State, Secretary of State Hillary Clinton, Wall Street | 27 Comments
(Yong Kim/ MCT)
Due to the tragic events at Fort Hood yesterday, this post was delayed out of respect for those who were lost and wounded. Our thoughts and prayers are with their families, friends, and all those serving at Fort Hood.
Bleary eyed, but sated with my celebratory Belgian pecan waffles, turkey link sausages, numerous [...]
By Larry Doyle on Nov 6, 2009 in Current Affairs, Economy, NoQuarter Radio, Sense on Cents (Larry Doyle blog) | 3 Comments
PROMO Bumped Down: November 8th’s show has concluded but you can listen via BlogTalkRadio.com or via iTunes (see our instructions in the right column).
Who would have projected the twists and turns we have experienced on our global economic landscape? Who would have forecasted the ups and downs in the markets? Who has the global perspective [...]
By Rabble Rouser Reverend Amy on Nov 5, 2009 in Afghanistan, Bamboozling, Campaign promises, Chicago politics, Current Affairs, Foreign Policy, George Bush, Health Care, Messiah, President Barack Obama, Stimulus Plan, Valerie Jarrett | 33 Comments
(Bumped up from Tuesday.)
This is rich. We know about Obama’s many, many czars. Mark Steyn believes Obama has another one, someone of whom you have heard, but who isn’t on the usual list,
Obama Makes Bush His Blame Czar. You know, he has a point - we’ve been hearing for months now “He [...]
By Larry Doyle on Nov 4, 2009 in Current Affairs, Economic Stimulus, Economy, Sense on Cents (Larry Doyle blog) | 8 Comments
What are the biggest stories in the market today? Consider the following . . .
1. Warren Buffett makes his single largest acquisition ever with the $34 billion purchase of Burlington Northern
2. Ford posts surprisingly strong auto sales
3. Royal Bank of Scotland becomes the biggest banking bailout yet with another injection of capital
4. Johnson & Johnson [...]
By Rabble Rouser Reverend Amy on Nov 3, 2009 in ACORN, Bamboozling, Bush administration, California, Campaign promises, Chicago politics, Current Affairs, Dick Cheney, Energy Policy Act of 2005, Flip Flopping, General Election, George Bush, George Soros, Hillary Clinton, Hoodwinking, Lobbyists, MSNBC, Media Bias, MoveOn.org, Oprah, President Barack Obama, Richard Daley, Tax stimulus package, Ted Kennedy, Tom Daschle, Transparency, Unions, William Ayers, Women, World | 21 Comments
You may recall that when Bush was president, it was like pulling teeth trying to find out just who had visited the White House. Let’s just say he dug in his heels a bit on releasing that information. Maybe it had something to do with Cheney’s “secret” Energy Meeting, who knows, but it [...]
By Larry Doyle on Nov 1, 2009 in Bernie Madoff, Current Affairs, Economy, FINRA, SEC, Sense on Cents (Larry Doyle blog) | 6 Comments
Did FINRA invest its own funds from its internal investment portfolio with Bernie Madoff? Would FINRA’s head Mary Schapiro invest with her “dear friend” Bernie? Stick with me on this and let’s navigate the newest development in this ongoing scam. My concluding remarks provide insights you won’t find in many mainstream media outlets.
High five to [...]
By Larry Doyle on Oct 31, 2009 in Economy, Sense on Cents (Larry Doyle blog) | 4 Comments
HAPPY HALLOWEEN!! Is the clock getting ready to strike twelve? Is it time to get home? Is the magical ball that has enchanted many market participants about to end? How so? As quantitative easing programs around the world end and global governments start to increase interest rates, will we experience a double dip in the [...]
By Larry Doyle on Oct 30, 2009 in American Consumers, Economic Stimulus, Economy, Sense on Cents (Larry Doyle blog) | 25 Comments
What is the real economy doing? While yesterday’s GDP printed a surprisingly strong 3.5%, are we to take that on face value? If we care to most effectively navigate the economic landscape, we should dig a little deeper.
A full 2.2% of the 3.5% rise was directly correlated to Uncle Sam’s support of the auto and [...]
By Larry Doyle on Oct 28, 2009 in Auto Industry, Bailouts, Economy, Sense on Cents (Larry Doyle blog) | 14 Comments
Turning the corner? No more bailouts? You didn’t actually believe the wizards in Washington, did you? Why?
GMAC is back in line for another injection of YOUR money. Recall that GMAC was bailed out initially during the government takeover of GM. GMAC was then spun off in order for Uncle Sam to effectively provide taxpayer [...]
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