RSS Feed for Economic StimulusCategory: Economic Stimulus

Would An Abacus Help To Accurately Count Jobs “Recovered”? »

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 [...]

Obama and Pelosi Ram through Health Care, Ignoring “The Urgency of Now” on J.O.B.S.… »

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 [...]

Second Stimulus Speculation Submarining Bonds and Supporting Gold »

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 [...]

“Grossly Distorted Product” or “Christmas in July” »

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 [...]

More Clunker Updates - OPEN THREAD »

I know, I know. Enough all ready with the clunker stuff. But these clunker programs are such clear and convincing examples of how politically driven and dysfunctional our government has become that I can’t seem to help myself.
And could anything says it better than this cartoon?

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The Economy Is Still Going South (UPDATE and Reprint) »

(Reprint of original Aug 19th post with updates at the end.)
If you have bought in to the false hope that the economy has hit bottom and has turned a corner then think again. I had a chat this week with a banker friend who works for Wachovia. Wachovia, in case you forgot, was [...]

Another Kool-Aid Drinker Bites The Dust »

Ted Van Dyk’s article in today’s WSJ, Obama Needs to ‘Reset’ His Presidency cautions that Obama must take a time out and find “a reset button for domestic policy.” Interesting that he uses the words “time out” – something one would tell a misbehaving child. Surely, the President’s reckless spending and use of [...]

“everyone guessed wrong” »

On Sunday’s Meet the Press Joe Biden defended the $787 billion economic stimulus spending bill pushed through Congress, but said that “everyone guessed wrong” on the impact it would have.

Visit msnbc.com for Breaking News, World News, and News about the Economy

Ten days before taking office Obama’s economic team released a report predicting unemployment would [...]

Case of the Missing Sunspots and the Mysterious Market »

Rumor Starts On Wall Street the Recession is Over.  

Searching for explanations for how well the markets are behaving despite the overwhelming gloom of unemployment, bank insolvency, government interventionism and the worldwide collapse of trade, manufacturing and resolution, I ran right into the blunt, unexpected, fresh rumor among the traders at the end [...]

Alan Greenspan’s shorts »

Susan interrupts: Did that scare you?!?!?! I found that photo the other day, and just had to share it! Now for Uppity’s article:
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Here’ s Casper Greenpants Alan ‘The Federal Reserve [...]

Hey, Tim. Can We Play Too? »

Faster than you could shake a drunk donkey off of an epileptic elephant’s back I put two and two together..

Sometimes I wish I had Larry Doyle’s knowledge and financial background. Sometimes I am glad I don’t, for if I did, I would not have amused myself as much today.

I was listening to a talking [...]

“Beholden to Failed Banksters” »

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 [...]

Elizabeth Warren Top TARP Cop Reading “Goodnight Moon” [UPDATE] »

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.
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Deadly, With No Known Antidote: Obama’s Blowfish Budget »

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 [...]

Batchelor & Constable: Through the Looking Glass »

Batchelor & Constable: Through the Looking Glass.
     Simon Constable and I make no sense of the senseless news from the worldwide financial crisis — the Great Depression in Denial.  From banks buying each other’s junk competitively to a bullish call by hedgies and funds guys meeting in a super secret location west [...]

Krugman: “Things Are Getting Worse More Slowly” »

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 [...]

The Junk Game Within the Junk Game »

From the John Batchelor Show blog. Susan’s Note:I can’t state enough how important it is to read this article.
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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 scheme that [...]

Prophet and Loss »

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 [...]

Big Brother »

(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 that [...]

[Update/Bumped Up] The economy: Scarier than we thought, and Obama’s plans are too timid to fix it »

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 [...]