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Reuters reporting on George Soros’ testimony at the U.S. Conference of Mayors – whatever the hell that is: Soros said the United States needed “radical and unorthodox policy measures” to prevent a repeat of the Great Depression of the early 20th century that include recapitalizing banks and writing down the country’s accumulated debt. Also, he […]
Top posts from the past week: Marc Faber: The 2009 Global Economy Will Be A “Total Disaster” US Bailout Price Tag Heading for $10+ Trillion(!) Yearly Oil Demand Drops for 1st Time in 25 Years Consumer Credit Crisis: The Next Shoe to Drop A review of my futures trades from the previous week: Covered my […]
The Real Cost of the 2008 RecessionBy Olivier Garret, CEO,The Casey Report – www.caseyresearch.com It took the statisticians of the National Bureau of Economic Research almost a year to confirm what the rest of us already knew, that the US registered a significant decline in economic activity, thus officially entering a period of recession. While […]
Thank you United States legislature, for stuffing the 451-page bailout bill with such gems as: Sec. 211. Transportation fringe benefit to bicycle commuters. Sec. 308. Increase in limit on cover over of rum excise tax to Puerto Rico andthe Virgin Islands. Sec. 309. Extension of economic development credit for American Samoa. Sec. 325. Extension and […]
When stocks require a $700 billion infusion in order to tread water – is the risk/reward of being long stocks really worth it? Granted, there are a lot of quality stocks being thrown out like the proverbial baby with the bath water. If a rising tide lifts all boats, does it follow that a falling […]
I’ve been all fired up the last couple days about Comrade Paulson’s housing bailout – Paulie, are you kidding me??? Instead of ranting and raving myself (it could get out of hand), here’s a roll call of the excellent articles I’ve read this week putting the plan in perspective (a very scary perspective if you […]
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