What a Gala Can’t Erase: The Jobless
The U.S. Labor Department stats for the second week of May belie a jobless reality no glittering State Dinner gala can erase. Half a million more citizens filed first-time unemployment claims. Meanwhile young adults struggle to find even their first jobs. The number of people filing new claims for unemployment benefits unexpectedly rose last week by the largest amount in three months. The big surge was | Read More »
RUSH LIMBAUGH: Dow down (900 points?) and Obama is AWOL
Disaster day today on the Dow. I’m listening to Rush Limbaugh. “Obama is AWOL…He’s probably talking about Phoenix Suns uniforms.” CNNMoney.com has a red “Breaking News” box. I was always told to hold on to stocks longterm. Well, over the past ten years or so, the Dow Jones average is just about the same. New York and California are probably already talking about how to | Read More »
The Stock Market is up…and guess what sector is gaining the most?
We’re a couple of hours into the trading day, and it is election day in Massachusetts. Reports continue to come in that there are almost no signs visible for Coakely (except for the ones illegally placed too close to polling places), and little enthusiasm among Coakley supporters. Reports also continue to come in about wild enthusiasm and optimism among Brown supporters. Lots of news websites | Read More »
Obamaconomics-500,000 More Lost Jobs.
His Mightiness the Empty Suit, in the getting-dingier-by-the-day White House, is constantly holding forth, sagely saying NOTHING in front of gaggles of “journalists”, who dutifully report NOTHING, while the would be NEO-STAZI in the Suit’s administration attack the only news and information outlets that do say SOMETHING about what the President, the administration and that zany and dysfunctional but extremely dangerous Congress, led by Nancy | Read More »
An Interesting Conversation With A Liberal
A couple of days ago (Thurs) I had a nice conversation with a family member. This is an unusual event as while we do converse, it’s mostly about family things and my son and you know, nothing of any importance. But he called me looking for a specific opinion on politics. He is a VERY smart man. He is a well known and powerful big | Read More »
The Economy and The Stimulus
On my way home from work today, I heard people all over the radio (mostly FoxNews: Neil Cavuto) talking about the current economic conditions. Yes – we’ve had four days of gains on the market. A market that has cut in half over the last year – with almost half it’s losses in the last few months alone. Four days of gain (amounting to only | Read More »
Dow Jones Average at end of Obama’s first year in office. Back to the Future – of 1985.
The DJI has lost an average of .45% per day since January 20th, 2009. At this rate the DJI would fall to 1560 by the end of Obama’s first year in office. Chart below.
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Stock Market Outlook
Today could turn out to be an important day in the ongoing financial and economic crises. Stock markets overseas are riding declines of about 3%. European trading suggests that US stocks may decline even more today, perhaps as many as 300 Dow points. The moves are significant because we’ve now decisively broken below the “technical support” level provided by the multiyear low reached in 2002. | Read More »
Bond Market Confusion
Global stock markets are soft across the board as we swing into the first trading day of February. At first glance, this appears to be responsive to the constant drumbeat of terrible economic news, as economies and trade shrink in unison. The action in the bond markets appears to be somewhat healthier. For several weeks, the theme underneath the surface noise in corporate debt markets | Read More »
The Big Hiss
The market has made known its feelings about an Obama presidency. Can you hear the Big Hiss? Yesterday was the first “up” day since the election results were announced. We’ll see if the market can sustain its feeble attempt at optimism for at least one day. Since the MSM and Democrats are always so quick to blame Bush and “8 failed years” for any market | Read More »
The dawn of a new crisis
And so it begins. Within hours of the election of Barack Obama as President of the United States of America, the world reacts. Not in unanimous jubilation. The enemies and potential enemies of America respond with threats. The friends of America respond with fear of wealth loss.
DONT GIVE UP THE SHIP (part 1)
-Three states voted to ban gay marriage, including Florida, where 60% of the vote was required, and California, which is notoriously liberal. Gay marriage bans are now 30-for-30 out of our fifty states. This supports two major theses, the first of which is that we are still a center-right country. There was much talk on the networks last night about a “tectonic shift” in the | Read More »
Tags: affirmative action
, Barack Obama
, Election 2008
, Eric Cantor
, Sarah Palin
, Stock Market
Who dealt this (financial) mess, anyway?
http://h1.ripway.com/quietmc/mccain.htm The links below will work if you get to the website listed above. Who dealt this mess anyway? (An old card players’ expression.) From the Washington Post: Mr. McCain was an early voice calling for the resignation of Securities and Exchange Commission Chairman Harvey Pitt, charging that he “seems to prefer industry self-policing to necessary lawmaking. Government’s demands for corporate accountability are only credible | Read More »
What will happen with an Obama Presidency
(1) Our family is barely getting by each month as it is now and our taxes are going to go up.(2) Our retirement plans are down at least 30% (by the way, why hasn’t the McCain Campaign gone after Obama on this: the reason the stock market is “tanking” is because it is anticipating an Obama Presidency!)(3) Our health insurance costs have triple in the | Read More »
Great news for McCain!
It could be the most important poll of them all… JP