Political Opinions, News Aggregation

Bubbles Greenspan and the Significance of Dow 10,000

A moment of silence, please, for our fallen comrade, the Dow Jones Industrial Average… Yes, it’s true; the beleaguered index fell through 10,000 yesterday to finish the trading session below where it stood last November. But yesterday was not the first time the Dow ever fell below 10,000. In fact, it was the 28th time since [...]Bubbles Greenspan and the Significance of Dow 10,000 originally appeared in the Daily Reckoning. The Daily Reckoning, a FREE daily e-letter, offers a "uniquely refreshing" perspective on the global economy, investing, and today's markets.

Bailing Out a Welfare State: The California-Greece Debate

Trichet to Greece: Drop Dead! Obama to California: Uh… Yesterday, stocks lost 103 points on the Dow. This looked like a confirmation to us. The stock market appears to have begun its next and final phase… AP seemed to think so too: “Stock investors see threats from all directions,” said the headline. We didn’t bother to read the article. We [...]Bailing Out a Welfare State: The California-Greece Debate originally appeared in the Daily Reckoning. The Daily Reckoning, a FREE daily e-letter, offers a "uniquely refreshing" perspective on the global economy, investing, and today's markets.

Money Supply Data Reveals “New Major Dip” Ahead

Trillions of dollars have been spent on US stimulus, and like all activities — the good, the bad, and the extremely dubious — it must eventually, necessarily come to an end. This is true if for no other reason than it’s simply too expensive to support. Heck, even the Brits have ended their version of [...]Money Supply Data Reveals “New Major Dip” Ahead originally appeared in the Daily Reckoning. The Daily Reckoning, a FREE daily e-letter, offers a "uniquely refreshing" perspective on the global economy, investing, and today's markets.

Stop Deficit Spending. Save the Credit Rating.

Front and center this morning, the non-dollar currencies have seen some healing… Not much, but some… But these mini-rallies are on tenterhooks, folks; they can be reversed in a New York Minute… And, now that I look back at the screens, that’s exactly what’s happening! UGH! These turn-arounds are beginning to give me a rash! The [...]Stop Deficit Spending. Save the Credit Rating. originally appeared in the Daily Reckoning. The Daily Reckoning, a FREE daily e-letter, offers a "uniquely refreshing" perspective on the global economy, investing, and today's markets.

Shelby Lifts Blanket Hold On Obama Nominees

When we last checked in on Sen. Richard Shelby [R, AL], he had placed a blanket hold on all of President Obama’s pending nominees. This week, the hold ensnaring most of those nominees has been lifted. Shelby, as you recall, was angry because two ear...

StockTwits TV – Interview with John Borthwick of betaworks

Recently, I sat down with John Borthwick , co founder of Betaworks (wicked cool real-time companies). John and his partner Andy Weissman build things, buy things and they invest in things….bitly and chartbeat , Summize (Twitter $twit search). We chat about all of the above, managing a fast growing business, chaos, disruption, the early [...]

Finding Republican Ideas In A Democratic Health Care Bill

President Obama is asking Republicans what ideas they have to reform health care, but as Ezra Klein points out, many of their ideas are already in the existing Senate health care bill (H.R.3590). As Donny mentioned, President Obama plans to hold a hea...

Center for Responsive Politics to Remain Closed Tuesday

The Center for Responsive Politics will be closed Tuesday because of a snowstorm that has also caused Washington, D.C.-area federal government offices to stay shut for a second day.

Toyota’s Lobbying Power Primed for Test as Congressional Scrutiny Mounts

In 2009 alone, Toyota employed 31 federal lobbyists -- including a former member of Congress and numerous ex-congressional staffers -- and spent nearly $5.4 million to lobby the federal government, a Center for Responsive Politics analysis indicates.

Economic Recovery: Demanding More Purchasing Power

What a delight it would be to have some inflation! Yes, dear reader, that’s the real reason that fiscal stimulus appears to work. That is, that’s the reason inflation can sometimes boost employment. It creates inflation. And inflation lowers wages. Lower wages make it cheaper to hire people. And they make US output more competitive [...]Economic Recovery: Demanding More Purchasing Power originally appeared in the Daily Reckoning. The Daily Reckoning, a FREE daily e-letter, offers a "uniquely refreshing" perspective on the global economy, investing, and today's markets.