|
|
Sunday, April 6, 2003
|
|
|
Wednesday, April 2, 2003
|
|
|
Wednesday, March 19, 2003
|
|
Treasurys Continue Decline Amid War Moves and Fed Inaction. Treasury prices slipped further Tuesday on a war-induced hangover and the decision by the Federal Reserve to keep short-term interest rates on hold while also refraining from declaring itself on the risks facing the economy.
 12:39:33 PM Google It! comment
|
|
The dollar rose to its highest levels in a month against the yen and advanced versus the euro on Wednesday, as a seemingly imminent attack against Iraq prompted expectations of a rapid conclusion to a war.
Mark my words, this is only a temporary gain, as the Iraq war is prosecuted the dollar will come under attack and will sharply loose value against other currencies. There stands a very real chance that the US will fall into a depression.
12:05:44 PM Google It! comment
|
|
|
Tuesday, March 11, 2003
|
|
U.S. Housing and Urban Development Secretary Mel Martinez said on Tuesday he is reviewing how his agency oversees the nation's top two mortgage finance companies, Fannie Mae (NYSE:FNM - News) and Freddie Mac (NYSE:FRE - News).
12:46:30 PM Google It! comment
|
|
|
Saturday, March 8, 2003
|
|
New York Times - The Congressional Budget Office estimated today that simply sending troops and equipment to the Persian Gulf to fight Iraq and returning them home would cost nearly $25 billion and that the total cost of a potential ...
$1.82T Deficit Predicted in Bush Budget Washington Post
7:15:02 AM Google It! comment
|
|
|
Sunday, March 2, 2003
|
|
We are all getting older, but some of us are getting older faster than others. Three news items last week highlighted the impact of changing demography on the world economy: the latest United Nations estimates of population change; some testimony from Alan Greenspan, chairman of the Federal Reserve Board, to the US Senate on the implications of aging.
Psssst, Greenspan Is Not God, Pass It On Forbes
US is graying, Greenspan warns Taipei Times
Toronto Star - Boston.com
Mr. Greenspan is not a god, right. But I think he is a man with a pragmatic view of the world and the platform to express his view. If you follow his public statements you'll see he speaks his mind with consideration to the politics of the then current administration. Lately though his public comments appear to be increasingly at odds with the Bush administration. His remarks seem to be warning signals to the US about current domestic fiscal problems, a bleak economic future if changes are not made, and what those changes should be. I think Mr. Greenspan is in his endgame and will not be back for another term and this is his way of giving us a path to return to financial growth and fiscal responsibility.
Or perhaps Mr. Greenspan has recognized this administrations "politics is war and winning is everything" motto combined with their discompassionate approach to managing the assets of the United States for now and into the future and he disagrees and has spoken up. I believe Mr. Greenspan when he says "large deficits matter". The right answer, as everyone knows, is to not have deficit spending at all! Paying back every deficit dollar spent includes interest which is real money that's taken out of our economy. When that happens It hurts everyone except the rich. The poor and the retired on fixed income are hurt the most and that simply is not the action of a compassionate or responsible government.
1:21:25 PM Google It! comment
|
|
While Bush claims the plan will provide an average tax reduction of $1,000, "what he doesn't say is that half of all taxpayers would get less than a hundred dollars," she said. "Our economy is in a hole, but rather than looking for a ladder, the president is reaching for a bigger shovel."
11:09:05 AM Google It! comment
|
|
Glenn Hubbard has resigned as chairman of the Council of Economic Advisers -- to spend more time with his family, of course. (Pay no attention to the knife handles protruding from his back.) Gregory Mankiw, his successor, is a very good economist, but never mind: When the political apparatchiks who make all decisions in this administration want Mankiw's opinion, they'll tell Mankiw what it is.
10:59:58 AM Google It! comment
|
|
|
Wednesday, February 19, 2003
|
|
|
|
|
