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Tag Archives: economy

Glorious sunlight…

It’s so refreshing to see this lovely video of Senator Blanche Lincoln talk about her derivatives reform legislation… here is her draft… Somehow I sense the hand of CFTC Chairman Gensler in this process… and the spirit of House Agriculture Chairman Collin Peterson… yes… substantive forces to rein in Wall Street on derivatives are at […]

President Obama’s proposed budget

From the Guardian: ~~~ Obama’s 2011 budget: US public spending by department since 1962 Barack Obama’s second budget is already controversial. Find out what it means for each department, how it compares to George Bush’s last one – and how it’s changed since 1962 • Get the data See the article for an excellent compilation of information…

Upward to insolvency?

Bloomberg reports on the Senate’s failure on it’s first try to address the burgeoning fiscal crisis facing the United States. The Senate voted 53-46 against legislation that would have mandated that Congress adopt recommendations made by a newly created budget panel. This panel could have recommended tax increases, changes in entitlements or other structural changes. First strike for […]

We’ve stuffed all the problems in the closet…

An unknown Wall Streeter says that Treasury Secretary Geithner and the Obama economic team are the Emperor with no clothes…  if this guy is saying it… everyone is saying it… From Bloomberg… Doug Dachille, chief executive officer of First Principles Capital Management LLC, talks with  Pimm Fox about the U.S. government’s decision to provide additional aid to GMAC […]

Publish a monthly list of companies, by name, that are exporting jobs

As we think about renewing our economy in 2010 figures like these are critical to examine … and we should review whether the tax code benefits firms who offshore jobs… maybe the government should publish a monthly list of companies, by name, that are exporting jobs and the number of jobs shipped overseas… maybe consumers […]

Move your money!

Three cheers for Arrianna Huffington, political strategist Alexis McGill, filmmaker/author Eugene Jarecki, and Nick Penniman of the HuffPost Investigative Fund… for this great campaign to encourage everyone to move their banking to local banks and credit unions… From HuffPo — “The idea is simple: If enough people who have money in one of the big four […]

We want democracy to survive for all generations to come, not to become the insolvent phantom of tomorrow…

“…Another factor in maintaining balance involves the element of time. As we peer into society’s future, we — you and I, and our government — must avoid the impulse to live only for today, plundering, for our own ease and convenience, the precious resources of tomorrow. We cannot mortgage the material assets of our grandchildren […]

Greece, Ireland, Spain, Portugal and Italy…

Willem Buiter, a professor at the London School of Economics and a former Bank of England policy maker, talks with Bloomberg’s Elliott Gotkine about the fiscal situations in Greece and the U.K. They speak in London. (Source: Bloomberg) Given recent default/delay talk from Dubai these wobbly national finances are a significant concern… for bondmarkets it’s […]

Several years to get out of this…

Martin Wolf, associate editor at the Financial Times in London, talks with Bloomberg about a report today showing the U.S. economy returned to growth in the third quarter after a yearlong contraction.  Wolf also discusses reasons for the global economic crisis, the U.S. Treasury market and economic theory. (Source: Bloomberg)

Seeking equilibrium…

Guest Post: On Commodity Inflation And Long Term Underemployment Submitted by reader Grant Dossetto Reposted from ZeroHedge “Thanks to the invaluable work of modern financial writers and economists, conservatives have found it easier to defend capitalism against the salacious charge that markets were responsible for the enduring unemployment seen during the Great Depression. Amity Shlaes’ The […]