Category: American ConsumersBy SusanUnPC on Apr 23, 2009 in American Consumers, Economy, Unemployment | 30 Comments
John McLaughlin has disturbing facts on unemployment. From his PBS show: … Four-point-four million jobs have disappeared since this recession began 15 months ago. That’s about 10,000 job losses every day — an apocalyptic rate. The result was the highest unemployment rate in 25 years, now over 8 percent. Some economists say the unemployment is [...]
By John Batchelor on Apr 16, 2009 in American Consumers, Banking Institutions, Economy, Housing & Housing Crisis, Real Estate | 11 Comments
Calculated Risk’s choice California Jim the Realtor posts today a surprising positive indication in Chula Vista, California.
By Larry Doyle on Apr 12, 2009 in American Consumers, Banking Institutions, Current Affairs, Economy, Open Thread, Sense on Cents (Larry Doyle blog), Wall Street | 1 Comment
BUMPED DOWN . PROGRAM CONCUDED . LISTEN to ARCHIVED SHOW! (Editor’s Note: Paulie Abeles is taking Monday night, April 13th, off to be with family.) Please join me Sunday evening from 8-9 p.m. ET for NoQuarter Radio’s Sense on Cents with Larry Doyle. What is truly going on in the economy? Where are markets headed? [...]
By Larry Doyle on Apr 11, 2009 in American Consumers, Banking Institutions, Current Affairs, Economy, Equity Markets, Sense on Cents (Larry Doyle blog), Wall Street | 2 Comments
PROGRAM CONCLUDED . POST BUMPED DOWN . LISTEN to the ARCHIVED SHOW! (Editor’s Note: Paulie Abeles is taking Monday night, April 13th, off to be with family.) Join me from 8:00 to 9:00 p.m. ET on NoQuarter Radio for Sense on Cents with Larry Doyle. These are truly historic times in the global economy. Let’s [...]
By Larry Doyle on Apr 10, 2009 in American Consumers, Bank Bailouts, Bank Failure, Banking Institutions, Congress (House & Senate), Current Affairs, Economic Stimulus, Economy, Obama Administration, Sense on Cents (Larry Doyle blog), Wall Street | 10 Comments
Any investor or manager with a degree of experience knows that the “first loss is the best loss.” What do I mean by that? Once the market detects a loss or a weakened position, the price for that asset will remain capped unless and until the asset is sold or liquidated. This price action occurs [...]
By John Batchelor on Apr 9, 2009 in American Consumers, Banking Institutions, Current Affairs, Economic Stimulus, Economy, International Monetary Fund, Tim Geithner, treasury department | 7 Comments
Editor’s UPDATE: Below the fold, there’s a pithy, explanatory description of what the T.A.R.P. oversight panel (Chair Elizabeth Warren et al.) concluded in its worrisome report on Treasury’s handling (or not) of the economy’s downturn. John Batchelor: From my blog. Don’t miss Larry Johnson on my show Sunday nights. Watch for NoQuarter’s promo on Sundays. [...]
By SusanUnPC on Apr 9, 2009 in American Consumers, Current Affairs, Economic Stimulus, Economy, Inflation, Tax Day, Tax stimulus package | 23 Comments
In “President Obama’s Ambitious Agenda on Crash Course With Fiscal Realities,” Stu Varney, on Fox News’s America’s Newsroom, exposed a ruinous weakness in Obama’s reckless, contraindicated spending spree: Tax revenues are down 25% (!), and April 15th is NOT going to be a lucrative day for the U.S. government. With escalating unemployment, and more and [...]
By SusanUnPC on Apr 8, 2009 in American Consumers, Auto Industry, Economic Stimulus, Economy, Michigan, Unemployment, Workers | 16 Comments
Of course, if you’re Rosily The Riveted ‘Bot Rachel Maddow, you optimistically title the segment, “Things Are Looking Up?.” Dear readers, please wade through the gushing over Obama’s visit to Iraq to get to Nobel Laureate Paul Krugman; it’s worth it because the economist and NYT columnist covers a lot of territory, including the Treasury [...]
By Larry Doyle on Apr 8, 2009 in American Consumers, Bank Bailouts, Banking Institutions, Economy, FASB, Mortgage Crisis, Sense on Cents (Larry Doyle blog), Toxic Assets, Wall Street | 12 Comments
In thinking about the economy, markets, and our banking system, my memory brings me back to my early days in New York. While working my way along 8th Avenue back to my apartment in Hell’s Kitchen, I would happen upon numerous versions of the classic NYC “hustle.” The shell game (also 3 card monte) was [...]
By John Batchelor on Apr 7, 2009 in American Consumers, Banking Institutions, Economic Stimulus, Economy, Tim Geithner, Toxic Assets, treasury department | 2 Comments
From the John Batchelor Show blog. Susan’s Note:I can’t state enough how important it is to read this article. ………………..^………………..^………………..^……………….. Pirate Bankers Rising. Francesco Guerrera, FT, reported to my financial roundtable on the show, Sunday 5, that the bankers are preparing to game the junk assets on their books. Here is the part of the [...]
By SusanUnPC on Apr 7, 2009 in American Consumers, Economic Stimulus, Economy | 12 Comments
This is an article that is exclusive to the subscription-only Stanford alumni magazine. Since the magazine has been out for five-plus weeks, I’m doing something I don’t: I’m publishing this article in its entirety because we all need to read this to be better informed. There are a couple paragraphs that may seem out of [...]
By Larry Doyle on Apr 6, 2009 in American Consumers, Economy, Inflation, Sense on Cents (Larry Doyle blog) | 2 Comments
In the midst of the massive government intervention in the economy and markets, the Federal Reserve is providing measures of liquidity that are truly “off the charts.” This liquidity, in the form of U.S. dollars, is flooding the economy. If and when the economy gains a little traction and the money multiplier kicks in, the [...]
By Larry Doyle on Apr 5, 2009 in American Consumers, Banking Institutions, Congress (House & Senate), Economic Stimulus, Economy, Sense on Cents (Larry Doyle blog), TARP, Wall Street | 3 Comments
(Editor’s Note: Don’t miss Larry Doyle’s exceptional radio show tonight, and every Sunday night, at 8:00 p.m. ET.) Long-term financial health and well being is predicated on fiscal discipline, core values, and strong management. These principles are necessary for major corporations and also individual family units. The market has a means of rewarding corporate units [...]
By SusanUnPC on Apr 3, 2009 in American Consumers, Banking Institutions, CNN, Current Affairs, Economic Stimulus, Economy, Obama Administration, Obama's Cabinet, Stimulus Plan, stimulus tax package | 92 Comments
Bumped up from March 4th. Why promote a story that’s nearly a month old? In a recent live chat, people were aghast by NYT columnist Paul Krugman’s remarks about Obama’s timid stimulus plan. Here’s why: An effective stimulus has to make the economy sizzle with a rapid-fire, mammoth infusion of cash into the economy-at-large, which [...]
By SusanUnPC on Apr 1, 2009 in American Consumers, Counterterrorism, Economic Stimulus, Economy, Terrorism | 9 Comments
I’m thrilled! I’m in a foofaraw of surging, swiveting titteration! (Osama must be too!) The Daily Show With Jon Stewart M – Th 11p / 10c Redefinition Accomplished comedycentral.com Daily Show Full Episodes Economic Crisis Political Humor Oh, let’s be naughty and laugh some more with the boys of the Comedy Central:
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