The Dow Jones slipped under 10,000 at the end of the day Wednesday largely because analyst Dick Bove changed his call on Wells Fargo from “neutral” to “sell.” Bove said the quality of the company’s third quarter earnings was, “pretty poor.” “If you take a close look at the earnings, what you can see is that the improvement is due to a hedging profit…
October 22nd, 2009 | Dan Denning | 4 comments | ContinuedAll Posts Tagged With: "fiscal stimulus"
What’s Wrong With the Stimulus Packages
The Australian Senate has been running an inquiry into the stimulus package for which I provided a written submission and afterwards spoke to the Senate Economic References Committee which has been conducting this inquiry.
October 20th, 2009 | Dr. Steven Kates | 11 comments | Continued
Roach and His Bearish, Pessimistic Attitude
Roach was what I call a realist, but he was more commonly labelled a bear, a pessimist, and a crank. When the market was soaring to new highs, Roach spoke about his professional ostracism…
October 13th, 2009 | Greg Canavan | 0 comments | Continued
Consumer Spending Rises
Though the fear of inflation is minimal right now, government’s deficit spending on this scale is bound to result in higher consumer price levels sometime. How long will it be before this good luck ends up kicking us in the derriere?
June 30th, 2009 | Bill Bonner | 2 comments | Continued
Government Intervention for Economy Makes Things Worse
In the wake of this change of heart on the part of our leaders, Americans found themselves bombarded with a predictable and relentless refrain: the free market economy has failed.
May 6th, 2009 | Thomas E. Woods, Jr. | 2 comments | Continued
Gordon Brown Pronounces New World Order
“Nothing very important, but the media makes a big thing of it. They kept talking about that G20 meeting – as if they were going to change the whole world – New World Order and all that…but what could they change? These hotshots at the banks took some bad bets. Now they’ve got to pay for them. What’s all the fuss about?”
April 6th, 2009 | Bill Bonner | 1 comment | Continued
Curtain of Debt Divides Europe
It’s looking more and more like the euro crash will come before the dollar crash. Or maybe they’ll crash together. Gordon Brown hinted at something bigger and better than just a few major world currencies. He pointed out that nothing anyone’s done has really worked yet. So obviously, more will have to be done…
February 23rd, 2009 | Dan Denning | 3 comments | Continued