Economy

I wrote this in April 2009 about the Federal Reserve’s machinations: You should note that only the fiscal stimulus required legislative approval. All of the other ’stimulus’ has been done without Congressional approval and largely…

I picked up this Robert Reich quote from Politico’s Open Mic section, which echoes the sentiments expressed by a Massachusetts voter in my recent post “President Obama, are you listening?”: A third political party is emerging in…

Earlier in the week, I wrote a post-mortem on the Massachusetts Senate race won by Scott Brown. I saw the results as a signal that Americans are worn out by fraud and corruption. I found one comment from a registered Democrat particularly…

Here is more of Marc Faber, this time with Stephen Roach joining from Asia. Faber starts things off by making a point I have made many times in the past, namely that the Federal Reserve’s easy money policy is asymmetric; they are quick to…

This is pretty major stuff: Goldman recorded negative compensation in Q4 as zero bonuses are accruing for the quarter. Reuters says: The bank recorded negative compensation expense in the fourth quarter because of the contribution to…

From the U.S. Department of Labor: In the week ending Jan. 16, the advance figure for seasonally adjusted initial claims was 482,000, an increase of 36,000 from the previous week's revised figure of 446,000. The 4-week moving average…

Today President Obama is set to propose wide-ranging moves on bank regulation first proposed by his economic advisor Paul Volcker, the former Federal Reserve Chairman. Details of the proposal have yet to be released. However, the focus is…

This is not just about California. Come Summer 2010, the most severe gaps will be closed via budget cuts or tax increases unless the Federal Government can pull a rabbit out of the hat. Source Policies for Increasing Economic Growth…

This has been making the rounds. Colbert at his best.

Back in June I asked you all “When will the U.S. economy recover?.” The response was basically either “there will be no recovery to speak of” or “recovery is a long way off.” The poll results are embedded below. I asked a similar…