With election day 2010 just hours away, everyone is ready to see the Democrats lose the House and most of the Senate. Even Democratic voters are frustrated with Obama’s party. Paul Krugman, voice of a dying Keynesian set, wants more government spending, arguing that the only way out of the slump is to fight private [...]
With the mid-term elections next week and Ben Bernanke ready to announce some more quantitative easing, Americans are ready for change yet again. But buying mortgage backed securities and government debt may not be enough this go round. Long term interest rates don’t really have much farther down to travel, and at this point, with [...]
The Fed announced on Tuesday that they will reinvest money from expiring mortgage backed securities into longer term U.S. Treasurys. At present these securities would have shrunk the Fed’s balance sheet. The reinvestment into Treasurys signals that the Fed is comfortable with spending more money for a longer time. Some Fed workers worry that they [...]
The Financial Bill passed 60-39 and has been lauded by many as a responsible piece of legislation, and touted by others as imcomplete. Deregulation and laissez-faire economics have seen and done enough damage for the government to enact its first step towards economic socialism. I’m sure that phrasing made many of you shudder, but what [...]
It all started in China, when a revised index scared investors around the globe that one of the economic powerhouses could slow. Then everyone remembered the European debt crisis, and by the time the bell rang in New York, the Dow was below 10,000. By the end of the day it was at 9870.30, down [...]
Private equity firms have billions of dollars to spend – and it’s time they did. Unused money, called in the industry, dry powder, is bad news for hedge funds. Typically these funds last 10 years and dry powder is invested within the first 3 to 5. Either the money must be invested or returned to [...]
Estonia joined the E.U. yesterday, becoming the 17th member. The small Baltic state will switch from the kroon to the Euro on Jan. 1 2011.. There remains mild concern over the sinking currency, as voiced by Dmitri Medvedev. Austerity measures are being enacted all around the Euro Zone – France will up their retirement age [...]
The Dow Jones Industrial Average has given up all of the gains it has made this year over the course of the past couple of weeks. Why? Well, in large part due to fears of a Greek default. But that’s not all. When Germany announced last week that it was banning hedging on Euro-zone government [...]
In March, residual signs of a market turnaround continued as unemployment held steady at 9.7%. The total number of jobs gained was 162,000, a dramatic raise since the market began shedding jobs almost two years ago. About a third of the added jobs come from the U.S. census, which has taken many employees under its [...]
Google has redirected its Chinese users to a Honk Kong search engine to avoid the censorship of mainland China in a move that underscores the Internet giant’s volatility in the Communist country. Google has accused China of blocking users access to Google.cn, the search engine’s Chinese website. Although Google has a relatively large presence in [...]
