Recapping Last Week’s Economic Data; Launching PowerTalk
The first five trading days of December delivered a mixed result for the major stock indices with the Dow Jones Industrial Average being the clear winner (up 1%), the S&P 500 essentially unchanged and the Nasdaq Composite Index down 1.1%. As with the prior week, one of the key drags on the Nasdaq has been Apple, Inc. (AAPL), whose shares dropped nearly 9% last week. | Read More »
, Best Buy
, bureau of labor statistics
, Department of Labor
, Dow Jones Industrial Average
, fiscal cliff
, Mobile Payments
, s&p 500
, Wall Street
Random act of journalism on Charles Koch by left-wing, McClatchy-owned Wichita Eagle
From the political left and the right, non-Kansans sometimes look at Kansas politics and scratch their heads. One word explains much of it: ”McClatchy,” which owns the rabidly anti-cultural conservative Wichita Eagle and Kansas City Star. Fortunately, the Internet has almost eradicated the problem, and I can tell you that in the KC metro area, conservatives simply ignore The Star, in part because we don’t need | Read More »
America Lost in a Bubble
All bubbles burst. This is a law of nature. No matter from what material the bubble arises. No matter what forces propel its expansion. All bubbles burst. Actually the science of bursting bubbles has recently popped into the forefront of scientific discovery. Conventional wisdom has taught since the beginning of time that when a bubble bursts it simply vanishes. However, recent observations using high speed | Read More »
More Bad Economic News
Today the numbers came out about the economic landscape and job growth, and while the Obama administration and the media were looking for pristine valleys and lush forests, instead they got desert sands and scorched earth. It’s becoming increasingly clear that this president not only lacks economic vision and a true sense of what it takes to create sustainable private sector jobs, I’m beginning to | Read More »
Greetings from Europe
I live in Portugal. Until recently, Portugal was located at the end of the Iberian Peninsula, the westernmost point of Europe. Nowadays, Portugal is right next door to Greece, jockeying with the Cradle of Democracy for first place in the spiral race down the drain.
Read More »
Got any better ideas he asks… of course there are better ideas!
Obama reportedly commented regarding his proposed budget stating: “If there are members of Congress who object to specific policies and proposals in this budget then I ask them to be ready and willing to propose constructive alternative solutions,” Obama said. “‘Just say no’ is the right advice to give your teenagers about drugs. It is not an acceptable response to whatever economic policies are proposed | Read More »
Observations from the Cheap Seats
I turned the radio louder and louder. It can’t be true — but it was. In a brilliant stroke of comedic relief, Senator Harry Reid and House Speaker Nancy Pelosi announced that the Big 3 might get their desired bail-out, but they would have to present their business plans in early December to Barney Frank and Chris Dodd for their respective committees to consider. Are | Read More »
Democrat’s Hands Are Very Dirty When It Comes To Financial Crisis
If you want to look at the causes of the current financial crisis, look no further than to the Democrats that are now pointing the finger at the Republicans and the Bush Administration. While Bush has made his fair share of mistakes, it is tough to say that he was responsible for the current state of the financial world. It is fairly well accepted that | Read More »
I came up with a few statements that I want you to consider. They are in the form of “I believe…” statements. As in, “I believe in equal protection,” etc. I want you to read them and consider whether or not you agree with these statements.
The Sept. 11 attacks caused the current economic crisis
It’s the Sept. 11 attacks that caused the current economic crisis, not the “Greed on Wall Street”. On Jan. 1st 2001, the Federal Funds rate was at 6.50%. The Feds had raised it gradually from 4.75% on June 30th 1999 to help burst the “irrational exuberance” during the Dotcom bubble. Having achieved this, the Feds proceed to begin stimulate the economy by cutting the rates | Read More »
Did You Hear?
Later today, in Lake Worth, Florida, Senator Barack Obama is holding a jobs summit , with four democrat governors and others — including, prominently, Governor Jennifer Granholm from Michigan. Perhaps, only those of us in Michigan can find the twisted humor in such an invitation. After all, we’re still waiting for Governor Granholm’s economic and jobs plan she promised us years ago, while factory after | Read More »
Economic Crisis Culpability Video
I keep hearing about how John McCain, Bush Administration officials and various Republicans in Congress were sounding the alarm about Fannie and Freddie. I also heard that various Democrats in Congress disagreed and said everything was fine. Has anybody seen video clips of this? Does video of this exist? If it does, then why the h*** aren’t we using every last cent of RNC funds | Read More »
Debate: McCain Fails to Hit Economic Softball
Two weeks ago, John McCain’s campaign went on hiatus, claiming that Senator McCain’s place was back in Washington, D.C. to address the nation’s credit crisis. With little explanation as to what exactly Senator McCain hoped to accomplish, he retreated to Northern Virginia at the height of a presidential campaign.
Banking 101 – It is actually a $6,300,000,000,000 Bailout.
The federal reserve is a bank for bankers. It is a central bank just as The Bank of England is a central bank for the United Kingdom. The federal reserve is, in fact, the third central bank which has plagued the citizens of the United States. Both of the others were dismantled because they destroyed the nation’s money through inflation. The primary function of the | Read More »