Category Archives: Economics
An Ah-Ha Moment
Why has the press been so negative about the economy, even before there was something to be negative about? Is it politically motivated? Are they actually trying to use the power of the press to influence the election? (Well, yes.) … Continue reading
Posted in Economics, Stupid MSM
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Is the US bankrupt yet?
Bloomberg News says the Federal reserve has pledged more than $7 trillion to “rescue” the financial system. Nov. 24 (Bloomberg) — The U.S. government is prepared to lend more than $7.4 trillion on behalf of American taxpayers, or half the value of … Continue reading
Posted in Economics
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Obama Promises To Destroy US Economy
The only take away from this Guardian article is that either Obama doesn’t understand basic economics, or he does, and wants to destroy the US economy. He went on to lay out an ambitious agenda, beginning with targets aimed at … Continue reading
Obama: Economics Fail
Whatever it takes? Really? Because that’s good news if it’s true. Lower taxes, cut spending, eliminate transfer payments, reduce government regulations… Oh wait, you didn’t mean that did you Mr. President-Elect? President-elect Barack Obama said the government needs to provide … Continue reading
"Oh no, there's no oil bubble," they said.
Guess again. It just popped. Oil dropped to $78 today, down 47% from it’s Summer high. Just like the housing market, oil was over priced and due for a correction. Quick run ups in price are irrational and ALWAYS followed … Continue reading
$700 Billion boondoggle fails
When that many politicians want that much money that quickly with no questions asked, then it’s time to dig in and say NO.
Another one bites the dust
The New York Times is reporting that the feds are pushing for a sale of Wachovia. I keep saying, you can only push the market so far before it pushes back. The Market obeys laws every bit as iron clad … Continue reading
Scott Adams wastes our time and his money…
…with his survey of economists. Fortunately, unlike a lot of surveys, he gives us some data on how the survey was done. All individuals on the AEA’s opt-in list were asked to participate in the survey. Therefore the respondents were … Continue reading
Posted in 08 Election, Economics
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Obama Admits He's a Socialist.
From the Investor’s Business Daily: “Obama in a statement yesterday blamed the shocking new round of subprime-related bankruptcies on the free-market system…” At least he finally admitted it. Fortunately IBD knows the real culprits: But it was the Clinton administration, … Continue reading
Posted in 08 Election, Economics
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Banks need to fail.
It’s a safety measure. There have been attempts to “save” Lehman over the wekend, but as of Monday morning they filed Chapter 11. This is a good thing. Banks and other business need to fail to signal bad business models … Continue reading
Posted in Economics
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