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Hilarious Santelli Rant
This is gold. Ever since becoming a bit of a Tea Party celebrity in 2009, Rick Santelli has delivered the goods and this clip is no different. Despite his theatrics, he brings up a great point about how little sense it makes for the Fed to maintain "crisis mode" when the market is hitting new highs...
Endgame or End This Depression Now?
Controversy over stimulus measures in the US has been ongoing since the beginning of the financial crisis. There are more than two sides to the argument, but these two books document two of the most popular ones. Krugman may be one of the most hated economists by conservatives, but that doesn’t...
Why Not More Stimulus?
Nonfarm Payrolls grew at a paltry rate of 80,000 in June, the unemployment rate is stuck above 8%, retail sales are faltering and inflation is significantly low… It appears the economy is stagnating once again, and GDP may even once again slip into negative territory creating a double-dip...
Naughty Naughty Naughty Economy
When household icon, Christian Grey, hand cuffed the all American heartthrob Anastasia Steele into submission, his intentions were to turn a plain Jane into a kitty on hot tin. Little did he know that the cracking sound of his feathered and tasseled whip drove a libidinousless and otherwise vanilla...
Trusting Jeremy Grantham...visionary or cyclop leading the blind?
I have wanted to post this article for quite a while , but have held off on several occasions. Third quarter earnings, QE2 and a myriad of other factors have given me the opportunity to stall. As I am myself, quite bearish on the economy long-term, I didn't really feel that a definitive 7 year...
Gaming the Recession
First the good news. In case you hadn't noticed, the recession is officially over . "Better than expected GDP is confirming that the Great Recession has ended," said Kevin Flanagan, fixed-income strategist for Global Wealth Management at Morgan Stanley in Purchase, New York. That's fantastic. But...
"Stimulus Surprise: Companies Retrench When Government Spends" - HBS Study
Through a relationship I established a number of years back with a Gold / Treasury analyst (old guy, tracking both since the early 60s), I've developed a strong set of views on government spending programs and their real effects on growth: Public Spend Crowds out the Private Sector . To boil it down...
From the left pocket into the right – Uncle Sam is Hiring
The numbers are out, and I guess if you’re an auditor or an investigator (or can fake it like the best of ‘em) it’s good news for you, because it looks like you’ll have some job opportunities coming your way. A pretty decent chunk of the total stimulus amount is set to go right back into the...
Rick Santelli Bashes Obama Mortgage Rescue Package
Ok this was absolutely epic this morning when Rick went on a rant about how ridiculous the Obama mortgage rescue package is on the floor of of the CME.
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