economy: Jobs Report - Damn Lies and Statistics - 08/08/09 06:35 PM
Thursday evening I noticed something very interesting going on within the "financial media". All of a sudden the evening before Friday's big jobs report many of the media outlets started to run stories about how great the jobs report on Friday was going to be, and how it was clearly going … (26 comments)
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economy: Cap and Trade: Yet Another Scam - 07/28/09 02:48 PM
I'm a couple weeks behind this one, as all the media focus lately has been on the health care bill. I've had several interesting discussions around cap and trade lately that inspired me to put my thoughts down into a blog post.
Disclaimer
I consider myself a fairly environmentally conscious person, … (70 comments)
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economy: The treasuries "toxic asset plan" a massive taxpayer fraud - 03/21/09 04:32 PM
The details of the Treasuries much anticipated toxic asset plan to "cleanse" the banking system and restore financial stability are now public. My reaction posted on Twitter as I was reading it.
@timu_matt: Reading the Treasuries new toxic asset plan. Everytime I think they can't get more hell bent on destroying … (21 comments)
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economy: Comments on todays CBO Projections - 03/20/09 03:08 PM
So this afternoon the Congressional Budget Office or CBO released their updated budget projections for the US government and the numbers are both a shocker and a head scratcher. They are now projecting the US gov to run budget deficits, of $1.8 Trillion this year and $1.4 Trillion next year. That … (7 comments)
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economy: Fractional reserve banking and FED incompetence - 03/18/09 11:58 PM
Going off the reservation on another financial rant/post today...
The other day I saw this great post explaining Fractional Reserve Banking in really simple terms. It really lays the foundation for why our Federal Reserve and Treasury's policies not just now but over the last decade have helped lead us … (8 comments)
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economy: The next big asset bubble - 03/18/09 04:34 PM
We've all seen several prominent asset bubbles and their collapses in the last decade. The collapse of the stock market in 2000 and again in the last year, the ongoing "housing bubble" bursting, a less talked about but no less spectacular recent collapse in the commodities and corporate debt markets. A … (12 comments)
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economy: Breaking the silence, thoughts on stimulus - 02/16/09 08:38 PM
So I haven't written a blog post in what pretty much seems forever, after my massive barrage this fall on the bank bailouts and economic issues. Many people are surprised I haven't chimed in on the massive "stimulus" bill that every-bodies been talking about. Part of the reason is I've been … (76 comments)
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economy: 2009 Market and Economic Predictions - 01/03/09 06:08 AM
As promised I put together my list of market and economic predictions for the New Year. I somewhat unfortunately managed to go 10 for 10 in last years predictions (Recap). Admittedly my crystal ball is a bit hazier this year, and the law of averages should give people hope. Sorry, if … (52 comments)
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economy: NAR's "Baghdad Bob" Confesses - 12/29/08 02:52 PM
You remember "Baghdad Bob" from the Iraq War, right? Iraq's information minister who repeatedly claimed no American troops in Baghdad as US tanks patrolled only hundreds of yards from his studio. Well the NAR's very own Baghdad Bob, former Chief Economist, David Lereah was notorious for his bullish optimism during … (61 comments)
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economy: 2008 Market and Economic Predictions - RESULTS - 12/26/08 03:36 PM
On New Years Eve last year I wrote a post, Market and economic predictions for the new year where I set out 10 predictions mainly about markets and the economy for the new year. I tried to choose topics where my predictions were differed from the majority of mainstream economists and … (52 comments)
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economy: Look At The Dollar Rocket - 10/21/08 11:24 PM
One of my 10 predictions at the start of the year was despite the forecasts of most, was the US dollar was going to strengthen against foreign currencies during the year. Well in the last couple weeks the dollar has been on an absolutely impressive tear against almost every currency in … (16 comments)
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economy: Why Start A Company In A Bad Economy? - 10/19/08 06:51 PM
This question has been in my mind a lot lately. Anybody who reads my blog knows my outlook on the economy over the next several years in pretty bleak. I believe and have believed for some time now that we're not just heading for a protracted recession, but a downturn that … (46 comments)
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economy: The "Smart Money's" Take - Sequoia Capital Meeting Notes - 10/12/08 12:02 PM
I thought this was interesting enough to repost on my blog as it is Sequoia Capital's take on our current economic situation. For people that don't know Sequoia Capital is one of the most respected of the large VC firms. There portfolio of companies reads like a who's who of well … (7 comments)
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economy: Rubbernecking at the Lehman Brothers train wreck - 09/13/08 08:45 PM
Hot on the tail of the governments massive bailout of Fannie Mae and Freddie Mac another crisis (actually several) has now taken center stage is it appears very unlikely Lehman Brothers the nations 4th largest investment bank will survive through the weekend or at least EOD Monday. They were the obvious … (32 comments)
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economy: 2008 Market and Economic Predictions - UPDATE - 09/13/08 03:54 PM
I was just going through post blog posts and I saw one I did right at the start of the year with ten predictions for the new year mostly related to markets and the economy. I forgot to do a mid year update, but thought I'd revisit it now as I'm … (13 comments)
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economy: Oh boy, Credit Crunch round #4 - 02/12/08 06:51 PM
Ding, ding, ding...
Looks like Round #4 of the credit crunch is just about to start. I wrote a few months ago in Credit Problems - Round 3 how drops in the ABX indices foretold the major credit problems in Feb, Aug, and then the ones in Nov a few weeks in … (12 comments)
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economy: Why the FED may cut deeper soon, and the scary implications... - 02/05/08 12:04 PM
Ok, just a warning before reading any further, if you are having a good day, don't proceed as this post may be a little disturbing...
In the last several week the FED has cut the target overnight rate by 125 basis points. It's the most they've cut in a single quarter in … (16 comments)
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economy: What are the Monolines and why is everybody trying to bail them out? - 02/03/08 05:57 PM
One of the big stories that has finally started to hit the mainstream media in the last week or two has been the Monoline credit insurures and everybody from banks to the government trying to arrange a bail out for them. I thought I'd try to put together another one of … (31 comments)
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economy: Are pigs smarter than economists? - 02/02/08 01:18 AM
In a story from Reuters:
CHICAGO (Reuters) - "Darke County Dave," a local hog, will opine -- or oswine -- on America's economic outlook on Friday, the Ohio treasurer's office said.
In his inaugural outing, Dave will choose between a trough of sugar or one of sawdust to gauge the economy's future … (6 comments)
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economy: Market and economic predictions for the new year - 12/31/07 11:23 AM
Since the fad this time of year in the blogging world seems to be making predictions of what will happen in the next year, I think I'll make some of my own. Given that one of my primary interests is markets and economics I'll make my predictions mainly surrounding those topics. … (42 comments)
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