Why does the stock market rally when it thinks reforms of Health Care and Financial Markets are dead? From my perspective it may help to look at what I believe the goals are: 1) We need to reform health care so our…Continue Reading →
when only 10 percent of the country is crying out for help. The majority don’t want to fix anything and the lobbyists want to protect the fat cats. It would appear the easiest solution is, lets let thing run wild. The…Continue Reading →
As Washington grapples with Financial Regulation and the Volcker Rule gets closer to passing it may be time to revisit why the financial markets need tightening up. So, why not revisit Hank Paulson, our local boy who made it big, going…Continue Reading →
There is no doubt the Bernanke sees the writing on the wall. His reinstatement did not go smoothly. The Volcker regulations are getting advocates in the Securities legislation and the Deficit Reduction Panel is being put in place. Along with…Continue Reading →
The title is kind of tongue in cheek but no doubt has an element of truth in it. Today a new Washington Post/ABC News poll shows that two out of every three Americans are “dissatisfied” or “angry” with the way…Continue Reading →
This is a mid-morning comment as I don’t see the need for short-term trading comments at the moment. With the breaking of the 1050 support on gold and 1070 support in the S&P in the past week or so we appear…Continue Reading →
In what should be the start of putting some meaningful teeth into Security/Banking Regulation, Paul Volcker will be providing testimony today. This should begin the process of providing some counter forces to the Bernanke/Geithner strategy of anything goes. Look for…Continue Reading →
Today’s GDP number reinforces the fact that increasing deficits and strong GDP go together. Ronald Reagan learned this by accident in the great supply-side experiment that he unleashed in the 80’s. The people of this country probably need to look…Continue Reading →
By Michael Kitchen LOS ANGELES (MarketWatch) — Sen. Bernie Sanders said late Wednesday he has placed a hold on the nomination of Ben Bernanke for a second term as chairman of the Federal Reserve. The independent from Vermont said in…Continue Reading →
From July 2007 to November 2009 a great experiment in Bubble Economics started to leak and eventually soared around, as all balloons that lose air do. Then a street vendor named Ben, found it, put some helium in the balloon…Continue Reading →