Political Opinions, News Aggregation

Democratic and Republican Views at Comedic Loggerheads

First, the politicians appeared on the comedy shows… and now the comedians and talking heads can themselves represent the political debate. The laugh-ability of politics is almost getting too serious, or the other way around? At least it’s often funny, like this memorable moment: Jon Stewart: Once you allow in a vacuum of power, what will assume [...]Democratic and Republican Views at Comedic Loggerheads 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.

Democratic and Republican Views at Comedic Loggerheads

First, the politicians appeared on the comedy shows… and now the comedians and talking heads can themselves represent the political debate. The laugh-ability of politics is almost getting too serious, or the other way around? At least it’s often funny, like this memorable moment: Jon Stewart: Once you allow in a vacuum of power, what will assume [...]Democratic and Republican Views at Comedic Loggerheads 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.

The “Second Round of Pain”

If you’ve been thinking about reducing exposure to stocks, now might be a good time. And if you’ve been thinking about increasing your exposure to precious metals, now might be a good time. According to Morgan Stanley economist Gerard Minack, the stock market is in for a correction after its 9-month “relief rally.” In a note [...]The “Second Round of Pain” 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.

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.

Congress Links

Washington is still reeling from record snowfall and the House has decided to take the whole week off, but the Senate, at least, managed to get some work done. Weather permitting, Congress hopes to start working on the jobs bill and other legislation ...

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.

Washington State Dem In Line For Murtha’s Chairmanship

The death of Rep. John Murtha [D, PA-12] means not only an open House seat in Pennsylvania, but also an open chairmanship in one of the most significant House subcommittees. Murtha was the chair of the defense appropriations subcommittee, which overse...

Draft of Senate Jobs Bill Now Available

A draft copy of the Senate Democrats jobs bill has been uploaded to Scribdb. Read it for yourself here. We’ll have more on exactly what’s in it later. Major Garret is tweeting some details: To clarify, total package spends out at $135 bn; ...