Cash for Clunkers ended at 8 pm on Monday August 24 2009. The results are now in. According to a poll by CNW Research, one out of every four people who purchased a car under this govt program now regrets having participated in...
Read MoreCrocodile Tears are flowing at the Federal Reserve and US Treasury after Manhattans district judge Loretta Preska’s August 24 decision to allow an audit of the Fed’s ballooning balance sheet. Under the freedom of...
Read MoreJohn Bougearel Oh Boy. Meet the new boss, not the same as the old boss that is for sure. The new boss returns fresh from two weeks paid vacation by US taxpayers shooting his mouth off. Liddy the old boss is out, and Robert...
Read MoreAdding a New Commentary PostAdding a New Commentary Post View Enlarge Image The chart above shows the Aug 7 NFP high to be highly correlated to the June 5 NFP high. Event risks are almost the same, with a retail sales report...
Read MoreAdding a New Commentary PostRecord demand for the two year note along with a weak stock market kept a bid in treasuries yesterday. After the bad 2 and 5 year auctions two weeks ago, it was a surprise to see such a high...
Read MoreWednesday, June 17, 2009 The Grayson-Glass-Stegall Act of 2009 – A Proposal for a Regulatory Overhaul of the Financial System, or “The Compartmentalization of Decay in Financial Institutions” by...
Read MoreFrom Bloomberg: AS GM prepares for bankruptcy, they told 1000 “underperforming US dealers they will be terminated. Most of the closings will occur by October 2010, none are happening now. Its the first step towards...
Read MoreBusinesses already burdened by the global recession will likely soon see another drag on its ability to weather the financial storm. Either they provide health insurance to full-timers or pay a % of their payroll to Treasury....
Read Moreby John Bougearel When the G20 met today and agreed on the final text, “the room erupted in applause.” German Chancellor Angela Merkel called it “a victory for common sense.” Whew, thank gawd for a...
Read Moreby John Bougearel ~ author of Riding the Storm Out On Sunday and Monday, the stock market reacted negatively to the Obama administrations announcement that it was virtually throwing in the towel on both GM and Chrysler. They do...
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