Besides, the limits on executive compensation are window-dressing for public (voter) consumption. With bonuses limited by statute, we reckon more compensation for the financial industry will move back to stock option grants. That means for the financial industry to preserve its privileged status, stock prices have to move higher.
September 8th, 2009 | Dan Denning | 6 comments | ContinuedAll Posts Tagged With: "fiscal policy"
China Was the Maker and the United States Was the Taker
When we were growing up, China was a ‘Red Menace.’ It was full of mad people doing mad things. They humiliated people by making them wear dunce hats and march through town. The Chinese made steel in backyard barbecues.
August 20th, 2009 | Bill Bonner | 0 comments | Continued
Australia’s Currency and its Economy Will Benefit from China’s Stimulus Package
“Asia is still going to expand, and China and India will have growth above 5 percent. That’s fuelling demand for commodities, so Australia’s exports are holding up much better than the rest of the G-10 countries.”
Paresh was also referring to the 21% rise in the Aussie dollar versus the U.S. dollar since February 25th.
CBO is Not a Doom-and-Gloom Forecasting Service
This should be rather surprising to anyone who actually took Obama at his word when he promised to restore fiscal discipline to Washington. In fact, the CBO projects that the outstanding federal debt held by the public will increase from 40.8% of GDP in 2008 to 82.4% in 2019.
April 24th, 2009 | Robert P. Murphy | 0 comments | Continued