The trade balance figures are out and it once again showing how pathetic we are as a country selling our wares. For some reason, President Obama believes that it is possible to double our exports within five years. An admirable goal, but is it possible?
From the NYTimes.com with commentary:
So, Greece gets less than a half a page? This is the entire statement that they are willing to make to calm the fear of global markets?
It is amazing that we have been in the dark for this long and now no one is doing anything to turn on...
So this crosses my desk the other day. It is going to benefit someone…. But who? It appears that the one who will benefit will be the seller as there is a step rate and it is callable anytime after issue.
More importantly, notice that the teaser is for the 7%...
Is this protectionism??
Perhaps, but maybe this is something that we should all be taking a bit more seriously. I am still very unclear how trade with Pakistan and Afghanistan help to improve employment. We already have thousands of employees in the region (aka soldiers) and that can be considered enough...
Continuing with the theme that CNBC is the “silver lining” station of the financial media world. Earlier today, CNBC’s iPhone App provided me this pushed data, for which we thought was a good release… at least at first:
Then, we took a look at other sources and...
Someone is going to have to take the heat from the Massachusetts Senate debacle. There is not other way. Washington has always needed to point the finger of blame in one direction or the other in order to save their own hides. Who will be next to find an index...
Here is one more piece of evidence that we are seeing countries break from their promise as they pursue domestic economic agendas. Of course it is okay for a country to help out their own, but this is a blatant foul. Someone should call a penalty on Japan for...
Elizabeth Warren did a hatchet job on the banks today and threw TARP under the bus… First there was the CNBC interview. If that was not tough enough, look further down at the transcript from CNN today.
Paraphrased:
I want banks in the business they are supposed to be, lending. Not,...
When we first learned about Dubai’s debt woes a couple of weeks ago, it was estimated that $46 billion plus was in danger of default. The world markets sold off hard as there was concern that this level of sovereign default could not be absorbed by the system. Soon after,...
Well, it is getting tough out there. With the admission that auction rate securities were the fault of the brokerage and monies paid to plaintiffs, others are going to join in on the hunt.
China is already aggravated by our protectionism strategies and by the suggestion that they are involved...
Today the Federal Reserve released its minutes that sent some mixed messages about the economy and the U.S. dollar. As we are all aware, the “official” policy is for a strong-dollar as per Treasury Secratary Geithner. Of course we also hear how important it is to keep America’s exports competitive...
A brutal day on the hill for Mr. G.
According to reports: Political frustration over the rescue of Wall Street and high unemployment erupted in Congress Thursday, with one committee threatening to impose tighter scrutiny on the Federal Reserve and another excoriating Treasury Secretary Timothy Geithner.
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