Category: Commerce
By SusanUnPC on Apr 4, 2009 in Civil Liberties, Civil Rights, Commerce, Current Affairs, Cyber Attacks, President Barack Obama, Terrorism | 39 Comments
Truthteller sent me this shocking story in Mother Jones, one of the growing number of intelligent left-leaning publications questioning Obama and his “unitary executive” power grab that exceeds that of George W. Bush, if that were possible. READ “Should Obama Control the Internet?” (“A new bill would give the President emergency authority to halt [...]
By Larry Johnson on Mar 30, 2009 in Auto Industry, Commerce, Current Affairs, Economic Stimulus, Economy, G20, General Motors & Chrysler, Governance, President Barack Obama, Tim Geithner, Tom Daschle, U.S. Treasury, Workers, treasury department | 156 Comments
(This is essential reading that I bumped up - Susan)
Remember when George Bush and Dick Cheney could rely on the many in the media to help them euphemize that dirty word, “torture?” It wasn’t torture, it was “enhanced interrogation.” That’s like calling the amputation of a leg, “enhanced skin removal below the waist.” [...]
By Larry Doyle on Mar 20, 2009 in American Consumers, Banking Institutions, Commerce, Current Affairs, Economy, Education, Mortgages, Real Estate, Sense on Cents (Larry Doyle blog) | 8 Comments
Sense on Cents is very judicious in selecting our Economic All-Stars (highlighted in the left sidebar of Sense on Cents). These individuals continually display a level of professionalism, maturity, consistency, and integrity which are not commonly found in our financial or political spectrum. I deeply appreciate their insights and perspectives and enjoy sharing them with [...]
By Larry Doyle on Mar 19, 2009 in American Consumers, Banking Institutions, Commerce, Credit Risk, Current Affairs, Economic Stimulus, Economy, Employment, Equity Markets, Hedge Funds, Sense on Cents (Larry Doyle blog), Wall Street | 6 Comments
***Cross-posted from my blog, Sense on Cents. Come by and visit!
A precursor to the turmoil roiling our economy and markets today occurred on a smaller, but certainly very dramatic, scale in 1998. The meltdown of the hedge fund Long Term Capital Management brought the market to its knees at the time. LTCM was effectively taken [...]
By Larry Doyle on Mar 11, 2009 in American Consumers, Auto Industry, Bank Bailouts, Bank Nationalization, Banking Institutions, Barack Obama, Commerce, Congress (House & Senate), Credit Risk, Current Affairs, Economy, Equity Markets, FINRA, Lobbyists, Mortgages, Obama Administration, Republicans, Sense on Cents (Larry Doyle blog), Tim Geithner, Wall Street | 20 Comments
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***Cross-posted from my blog, Sense on Cents. Come by and visit!
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I will provide my insights and perspectives on Charlie Rose’s interview of Treasury Secretary Tim Geithner last evening. The interview has been broken down into 6 separate clips, with my commentary preceding each clip.
By Larry Doyle on Mar 11, 2009 in American Consumers, Auto Industry, Bank Bailouts, Bank Nationalization, Banking Institutions, Barack Obama, Commerce, Current Affairs, Economic Stimulus, Economy, Education, Employment, Equity Markets, Obama Administration, Sense on Cents (Larry Doyle blog), Stimulus Plan, Unemployment, Wall Street, stimulus tax package | 7 Comments
I very much appreciate reading material written by people whom I perceive as having no agenda. I have tried to bring people like this (including Ray Dalio, Paul Keating, Bob Rodriguez, Steve Rehm, Kevin Doyle, Vaclav Klaus, and many others) to Sense on Cents because I firmly believe we all become more educated and informed [...]
By Larry Doyle on Mar 6, 2009 in American Consumers, Commerce, Economy, Equity Markets, Sense on Cents (Larry Doyle blog), Unemployment, Wall Street | 79 Comments
The highly anticipated monthly unemployment report was just released. On the surface, the numbers may appear to be in line with expectations, but looking deeper into the numbers the report is actually worse than expected. Let’s dive into the numbers and comment on what they mean for our economy and markets.
The Unemployment Rate jumped from [...]
By Larry Doyle on Mar 5, 2009 in American Consumers, Banking Institutions, Commerce, Current Affairs, Economy, Insurance Policies & Industry, Mortgages, Retail Businesses | 39 Comments
In very short order, the FDIC (Federal Deposit Insurance Corporation) has seen its reserves plummet from $50 billion to $18.9 billion at the end of 2008. At that pace and with the expectation of more bank failures, could this bedrock of our national banking system go broke? Well, FDIC’s Bair Says Insurance Fund Could Be [...]
By Larry Doyle on Mar 3, 2009 in Banking Institutions, Commerce, Credit Card Companies, Credit Risk, Current Affairs, Economy, Employment, Equity Markets, European Union, Global Finance, Sense on Cents (Larry Doyle blog), Wall Street | 20 Comments
In very short order, I have gained a deep respect and regard for our Economic All-Star, John Mauldin. I have come to appreciate that Mauldin and I view the market through the same lens focused on the global economy. While many media outlets focus on the day to day, if not hour to hour [...]
By Larry Doyle on Mar 3, 2009 in Bank Bailouts, Commerce, Credit Risk, Current Affairs, Deficit, Economic Stimulus, Economy, Equity Markets, European Union, Foreign Affairs, Global Finance, Sense on Cents (Larry Doyle blog) | 16 Comments
The other day I highlighted the fact that 12 eastern European countries would solicit a bailout from the European Union over the weekend in Brussels. I defined this bloc of eastern European countries as currently the Weakest Link in the global economy. Well, if they were the weakest link then they just got weaker as [...]
By Larry Doyle on Mar 2, 2009 in American Consumers, Banking Institutions, Commerce, Current Affairs, Deficit, Economic Stimulus, Economy, Employment, Equity Markets, Fannie Mae, Freddie Mac, Global Finance, Housing & Housing Crisis, Sense on Cents (Larry Doyle blog), Unemployment, Wall Street | 12 Comments
Warren Buffett’s annual letter to shareholders is always a highly anticipated event by market participants. Given the fact that Berkshire is effectively a diversified holdings company, Buffett has a unique perspective into a wide array of businesses. He also has the wisdom of investing over many years and through many challenging markets.
Well, if misery loves [...]
By Larry Doyle on Mar 1, 2009 in American Consumers, Banking Institutions, Barack Obama, Commerce, Congress (House & Senate), Current Affairs, Deficit, Democratic Party, Economic Stimulus, Economy, Employment, Equity Markets, Global Finance, Hedge Funds, Home Loan, Housing & Housing Crisis, Mortgage Crisis, Mortgages, Obama Administration, Real Estate, Republicans, Sense on Cents (Larry Doyle blog), Stimulus Plan, Unemployment, Wall Street | 13 Comments
Prior to going to the comments section of my son’s report card, human nature dictates that I first look at the grades. In that same vein, let’s see how the markets performed for the month of February:
Let’s review my specific projections from the January 2009 Recap:
By Larry Doyle on Feb 28, 2009 in American Consumers, Barack Obama, Commerce, Congress (House & Senate), Current Affairs, Economy, Employment, Equity Markets, Home Loan, Housing & Housing Crisis, Mortgage Crisis, Wall Street | 48 Comments
The mortgage interest deduction has been a cornerstone of American tax and housing policy. In fact, I can’t count the number of times I conversed with my accountant about maintaining mortgage debt based upon the feeling it was the one deduction the government would never touch. Well, never just pulled into the driveway!
For clarification [...]
By Larry Doyle on Feb 27, 2009 in American Consumers, Commerce, Current Affairs, Democratic Party, Economy, Employment, Equity Markets, Joe Biden, Mortgage Crisis, Real Estate, Unemployment, Wall Street | 65 Comments
Economic and budgetary analysis by their very nature often employ a “ceteris paribus” approach or similarly base line assumptions. Ceteris paribus, translated as “all other things being equal,” or base line assumptions are necessary given the fact that economic analysis has so many variables. Well, let me share with you that ceteris are NEVER paribus [...]
By Larry Doyle on Feb 22, 2009 in American Consumers, Banking Institutions, Commerce, Current Affairs, Economic Stimulus, Economy, Employment, Real Estate, Unemployment, Wall Street | 13 Comments
Football fans know that ball control and time management are two very critical factors in determining outcome. While a coach may at times “go deep” in order to catch the opponent off guard, victory is determined by the hard work in the trenches and grinding out first downs.
I know of no team that has [...]
By SusanUnPC on Feb 12, 2009 in Bill Richardson, Commerce, Congress (House & Senate), Economic Stimulus, Economy, Judd Gregg, Obama Administration, Obama's Cabinet | 77 Comments
VIDEO UPDATE & COMMENT: No, Senator Gregg. You would NOT have been allowed to be yourself. You just had an up-close encounter with the Daily Kossack / Nancy Pelosi / Harry Reid world of far-left politics where NO individual thought is ever permissible and only group-think is EVER allowed. God forbid [...]
By SusanUnPC on Feb 11, 2009 in American Consumers, Bank Nationalization, Banking Institutions, Commerce, Congress (House & Senate), Current Affairs, Economic Stimulus, Economy | 16 Comments
Corporate fraud cases couldrise into the hundreds. ENTER THE FBI.
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Visit msnbc.com for Breaking [...]
By LisaB on Feb 11, 2009 in Census, Commerce, Current Affairs, Judd Gregg, Rahm Emanuel | 50 Comments
As noted here at NQ, there’s an aspect of the Commerce / Judd Gregg story far more relevant to the people’s representation and power in the federal government, along with the all-important funding of Congressional districts, than which political appointee will sit in the secretary’s seat.
On February 6th, NQ featured two posts [...]
By Larry Doyle on Feb 8, 2009 in American Consumers, Austan Goolsbee, Backfire, Barack Obama, Commerce, Congress (House & Senate), Current Affairs, Democratic Party, Depression, Economic Stimulus, Economy, Harry Reid, Nancy Pelosi, Obama, Obama Administration, President Barack Obama, Rahm Emanuel, Republicans, Tax stimulus package, Unemployment, Washington Post, stimulus tax package | 55 Comments
Editor’s Note: Don’t miss Larry Doyle’s radio show tonight at 8 p.m. ET, “No Quarter’s Dollars and Sense with LD.”
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The American populace knows that the primary architects in the formulation of the Stimulus Plan working its way through Congress are Rahm Emanuel, Nancy Pelosi, and Harry Reid. This contingent, along with President Obama, have not [...]
By Steve Clemons on Feb 4, 2009 in Commerce, Health Care, Obama, Obama Administration, Republicans, Tom Daschle | 26 Comments
(Steve Clemons’ blog is The Washington Note; he was a finalist for “The Best Very Large Blog” in the 2008 Weblog Awards. Steve Clemons serves as Senior Fellow & Director, American Strategy Program, New America Foundation and, in his spare time, as Director of the Japan Policy Research Institute.)
OF NOTE: Steve operates his blog [...]