The stimulus package wasn’t a small measure, and as such it has a very big influence on the wellbeing of the economy. It was just four months ago that the nation would face economic peril were the stimulus left unpassed. But today, only 6% of all funds released through the program have been spent, and most projects won’t even begin until 2010. Read more…
Finally, helicopter Ben Bernanke is under scrutiny for the various issues that he and his cronies have orchestrated. Bernanke’s run as the inflation helicopter pilot may soon be over with two key events happening in Washington DC right now. Read more…
There’s a local bank I’ve been keeping tabs on called Integra Bankcorp. Its a small regional firm that is essentially a savings and loan bank, they take in deposits and give out mortgages. Behind the scenes there is something going on, the Treasury is keeping its stock price, and likely the stock prices of many other regional banks, artificially higher. Read more…
Tired of Fed speak, yeah me too. Quantitative easing is the most popular phrase on Wall Street right now. Its a pretty word for not so much of a pretty thing – inflation. This is how quantitative easing works and what it means to you. Read more…
Credit Default Swaps, essentially derivative-based insurance against loss, on US debt surged nearly 600% since the recession began as investors worry that the US government may default on its Treasury issues. The increase outpaced corporate debt issues which in the same time increased only 30%. Rising costs are the direct result of increased Treasury issues and a mounting US debt which investors increasingly fear may never be paid back. Read more…
We all remember what happens every time the Treasury Secretary opens his mouth. Both Paulson and Geither share one thing: the ability to make stock markets crash. Read more…
Simply unreal. In another blog post I outlined a common trend in these bailouts where the bill fails and then magically the market falls and lawmakers vote again and of course pass the bill. This time around it was much different as today the Senate bill passed and Wall Street tanked to the tune of nearly 400 points on the dow. Read more…
It seems to be a common occurrence. First with the TARP program that everyone though would pass. When the clock struck midnight before the voting date TARPs future was locked in. The stock markets were plummeting and word on the street was that TARP would pass with flying colors and send the stock markets soaring. Then it didn’t pass… Read more…
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