The market bounced back today to almost where it was on Wednesday. But if you look at how the various sectors did the market is not only discounting that the bailout will work, but that it will be inflationary because the market bet on energy and raw materials today, not financials. Moreover, the market is […]
The stock market rallies 900 points on Paul Krugman winning the Nobel. Why not this is as good a reason as you often see in the popular press?
“There will be lots of things to fill it back up again, Michelle.” (about 3:15 in) Still waiting.
Progrowthliberal notes fundamental confusion from the last debate on bailout priorities in a discussion with Barkley Rosser.
The NYT also reports: “The contractors are making a killing,” Mr. Cantrell recalled thinking at the meeting, in 2000. “The lobbyists are getting their fees, and the contractors and lobbyists are writing out campaign checks to the politicians. Everybody is making money here – except us.” Within months, Mr. Cantrell began getting personal checks from […]
Congressional Quarterly Politics reports: Pentagon officials have prepared a new estimate for defense spending that is $450 billion more over the next five years than previously announced figures. The new estimate, which the Pentagon plans to release shortly before President Bush leaves office, would serve as a marker for the new president and is meant […]
By Spencer Just a little different way of looking at the data. One of the constant comments is that stock plunges like this are buying opportunities because markets always come back. Obviously, the people saying this are not including the Japanese stock market in their sample. The Nikkei 225 is now almost back to where […]
Read 81 pages of The Troopergate Report. Update: Time Online has a point of view.
rdan Here is an interactive picture/graph of consumer spending total and per capita in dollars comparing countries to each other in relation to electronics, recreation, and other major categories. Nothing new, but a great way to teach and see the relationships.
by reader coberly From a front page above the fold article in the Portland Oregonian, by Glenn Kessler of Washington Post, “explaining” the financial crisis, what to expect, and giving advice to readers: “The increased debt load of the U.S. government will make it more difficult to finance the Social Security deficits that will emerge […]