Daily Archive: Wednesday, March 25, 2009

Geithner Plan

[Skip to the end] This is what happens with a government that doesn’t know how the monetary system works and thinks it needs private capital participation: Geithner Tempts Investors with Loans, 25% Returns by James Sterngold Mar 24 (Bloomberg) — The U.S. government’s plan to rid banks of toxic assets may attract ...Read More

WSJ reports housing wrong

[Skip to the end] Thanks, the negatively biased reporting continues as the evidence grows that the Obamaboom is underway. The driving force is clear- the federal deficit seems to have gotten large (albeit the ugly way- falling revenues and rising transfer payments as output falls and unemployment rises) to again support incomes ...Read More

Obama on a new world currency

[Skip to the end] This is what you get from a president who doesn’t understand the monetary system. The strength of the dollar is off point: Obama Defends Spending Plan, Tempers Criticism of Wall Street by Julianna Goldman and Kim Chipman Mar 25 (Bloomberg) — “I don’t believe that there’s a need ...Read More

2009-03-25 USER

[Skip to the end] MBA Mortgage Applications (Released 7:00 EST) MBA Purchasing Applications (Released 7:00 EST) MBA Refinancing Applications (Released 7:00 EST) Durable Goods Orders (Released 8:30 EST) Durable Goods Orders YoY (Released 8:30 EST) Durables Ex Defense MoM (Released 8:30 EST) Durables Ex Transportation MoM (Released 8:30 EST) Durable Goods ALLX ...Read More