Tag Archive
Obama’s Failure: Part 2
A few of you have called me harsh in my criticism of Obama. Perhaps I am. Allow me to expand a little on why I have the opinion I do. My narrative goes this way:
My worldview is largely informed by my own experience and education. No news in that. But it is heavily influenced by… »
Manufacturing Bumps Up
Judging by the hysteria on Wall Street this morning an impartial observer would be forgiven for thinking we had suddenly burst free of the grip of mediocrity. No such luck. What caused the rumpus was a very slight increase in the Institute of Supply Management’s Index of manufacturing activity. The index bumped up from 55.5%… »
Consumers Yawn, Home Price Confusion: Nothing New
Get used to these dog days of summer. We may be set for years like this.
The fact that consumer sentiment rose slightly according to the Conference Board survey for August means very little to anyone with an eye on the underlying economy. Only superficial analysts, like those infesting Wall Street, could be cheered by a… »
The Stimulus Worked
Why are we even talking about this?
Of course it worked.
The problem was always that it was too small, not that it might not work.
Still don’t take my word for it. Go read the Congressional Budget Office report for yourselves: CBO Report On The Stimulus
Now there will always be naysayers. Folks who just don’t want to… »
Response to Carl: Part 2
It occurs to me that I evaded some of the more obvious things to say about investment opportunities at the moment. Allow me to correct that oversight now.
One of the big problems with being an investor right now is that expectations are wildly distorted. By this I mean investors are expecting yields that simply are… »
An Answer To Carl: All Cash and Nowhere to Invest
My longtime friend Carl wrote this:
“If business is making profits then the market should reflect that and invite participation… But where is one to join in (invest) in order to share in those profits. Banks pay nothing for the use of private cash deposits… the stock market is no longer trusted… Where is it? Is… »
The New News Is Old News
Nothing changes it seems. Our rocky economy remains rocky. Instead of moving steadily towards the higher ground we are, apparently, doomed to wander in the lower reaches of recovery. This is not good news since it exposes us to a higher risk of relapse. But what’s new in that comment. Nothing.
Today’s report on new claims… »