Category: Economy
By Rabble Rouser Reverend Amy on Nov 6, 2009 in 9/11, Current Affairs, New York State, Secretary of State Hillary Clinton, Wall Street | 26 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 Economy, Sense on Cents (Larry Doyle blog), Unemployment/Jobs | 26 Comments
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 RATE
July: 9.5%
August: 9.4%
September: 9.7%
October: 9.8%
- November Consensus Expectation: 9.9%
- November Actual:10.2% !!!!
>> LD’s comments: this is the shocker and will get all [...]
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) | 5 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 [...]
By Rabble Rouser Reverend Amy on Oct 27, 2009 in Congress (House & Senate), Current Affairs, Democrats, Gender Bias, Health Care, Insurance Policies & Industry, Women and Children | 62 Comments
There has been a great deal of talk and debate about health care in the country recently as the Democrats push Heath Care Reform. A lot of animosity has been directed at the Health Insurance Industry as a whole. As it turns out, some is justified, but some is not. I was [...]
By Rabble Rouser Reverend Amy on Oct 26, 2009 in Bloggers, Congress (House & Senate), Current Affairs, Democratic Party, Economy, Foreign Policy, Republicans, Secretary of State Hillary Clinton, Wall Street | 88 Comments
Since Obama likes Rap so much, I figured a title taken from Flo Rida’s “Low” song would be the perfect title for Obama’s current poll ratings. Let’s put it this way: they could be better. In fact, they could be a LOT better. You know, this is when the politician claims that [...]
By Rabble Rouser Reverend Amy on Oct 25, 2009 in 9/11, Afghanistan, Bamboozling, Bush administration, Chicago politics, Congress (House & Senate), Current Affairs, Democrats, Economy, Flip Flopping, Foreign Policy, George Bush, Governance, National Debt, President Barack Obama, Stimulus Plan, Unemployment/Jobs | 112 Comments
(Bumped up from Saturday.)
General McChrystal’s proposal for Afghanistan has been on Obama’s desk for almost two months now. And what is Obama doing about it? Well, he appears to be deciding on how to decide what his decision will be, but he’s not there yet. Nope, instead, he is throwing up some smokescreen [...]
By Larry Doyle on Oct 25, 2009 in Economy, Sense on Cents (Larry Doyle blog) | 14 Comments
Is there a hotter topic currently on Wall Street than compensation? I have to admit, I have a range of emotions on this issue. I pride myself on being a proponent of free market capitalism. As such, while the government needs to be actively involved in regulating the marketplace, beyond that I would just as [...]
By Rabble Rouser Reverend Amy on Oct 22, 2009 in Afghanistan, Congress (House & Senate), Current Affairs, Insurance Policies & Industry, President Barack Obama, TARP | 98 Comments
You know, the night the Yankees clinch the American League Championship? They lead the series 3 - 1 over the Angels, and HOPEFULLY, will win again tonight to meet the Philadelphia Phillies in the World Series. The Phillies, in case you missed it, closed out the National League Championship over the LA Dodgers [...]
By Larry Doyle on Oct 22, 2009 in Economy, NoQuarter Radio, Sense on Cents (Larry Doyle blog) | 0 Comments
PROMO BUMPED DOWN: Sunday night’s NQR’s Sense on Cents with Larry Doyle has concluded. You can listen to a recording of the episode at BlogTalkRadio or via iTunes. (See iTunes directions in the right column.)
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Follow the money. Despite what analysts and pundits may say, if you want to get to the root of an [...]
By Larry Doyle on Oct 20, 2009 in Economy, FINRA, SEC, Sense on Cents (Larry Doyle blog), Wall Street | 14 Comments
Is Mary Schapiro a liar? Are other FINRA executives also liars?
Fully appreciating that merely asking these questions is aggressive by its very nature, I do not ask them in a derisive fashion. The fact is, the answer to those questions in the eyes of Richard Greenfield is an unequivocal, “Yes!”
Who is Richard Greenfield? I had [...]
By Larry Doyle on Oct 19, 2009 in Economy, Sense on Cents (Larry Doyle blog) | 11 Comments
Twenty-two years ago today the equity markets crashed. The Dow Jones Industrial average cratered by a whopping 22%!!
Have our markets, economy, and financial regulatory oversight progressed, regressed, or is it merely “deja vu all over again?” Well, with the markets up 1% on the day and 50% off the lows in March of [...]
By Larry Doyle on Oct 17, 2009 in Economy, SEC, Sense on Cents (Larry Doyle blog) | 34 Comments
You must be kidding me.
Our financial regulators, both the SEC and FINRA, certainly failed American investors. The structural failures of these regulators have been highlighted by their own internal reviews authored by David Kotz for the SEC and Charles Bowsher for FINRA.
Over and above the structural failures of these regulators, both the SEC and FINRA [...]
By Rabble Rouser Reverend Amy on Oct 16, 2009 in ABC News, Afghanistan, Bamboozling, Campaign promises, Congress (House & Senate), Current Affairs, David Axelrod, Depression, Economy, Flip Flopping, Foreign Policy, Fox News, Governance, Harry Reid, Health Care, Hoodwinking, Housing & Housing Crisis, Insurance Policies & Industry, Iran, Iraq, President Barack Obama, Rahm Emanuel, Secretary of State Hillary Clinton, Speaker Nancy Pelosi, Unemployment, Unemployment/Jobs | 80 Comments
One just has to wonder what prompted the child in the video below to ask Obama the question he did. Maybe people in his household were decrying the lack of it, or maybe this child was picking up on the animosity in the air, or maybe he just wanted to share the good news [...]
By Larry Doyle on Oct 16, 2009 in American Consumers, Bailouts, Bank Bailouts, Banks, Economy, Inflation, Sense on Cents (Larry Doyle blog) | 18 Comments
The American public is becoming increasingly wise to the ways of Wall Street and Washington.
Many Americans were duped by financial practices and products emanating from Wall Street. Where was Washington? I would assess Washington’s involvement and responses in the following fashion:
1. At worst, Washington was complicit given a wide array of failed public policy [...]
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By Sarah Palin (Release date: November 17. 2009)
