Monthly Archives: January 2010

Richard Blumenthal on Obama’s speech

[Skip to the end] I respectfully do not agree with his prescription to ‘protect our economic future.’ “I welcome the President’s acknowledgement of the economic pain felt widely and deeply and look forward to reviewing his plans to help middle … Continue reading

Posted in Government Spending, Politics | Tagged |

Inflation in China?

[Skip to the end] The circumstantial evidence builds that there’s already an inflation problem, politically, probably due to those up and coming kids with the western educations at the finest schools pestering their elders about it. And, if so, when … Continue reading

Posted in China, Inflation | Tagged |

the President’s speech and markets

[Skip to the end] The speech made it clear there has been a shift to ‘fiscal responsibility’ with plans to pay back the 2 trillion in new debt, all well down the road. The spending freeze will pay half of … Continue reading

Posted in Banking, Economic Releases, Employment, Government Spending | Tagged |

Tea Party Plan for Dems- Cut to the Front with Tax Cuts

[Skip to the end] Tea Party Plan for Democrats — Cut to the Front with Tax Cuts At Saturday’s Tea Party conference in Dallas I’ll be outlining how Tea Party Democrats can run against Obama administration policies that are counter … Continue reading

Posted in Banking, Deficit, Employment, GDP, Government Spending, Obama, Politics | Tagged , |

China bank halts roll-over of some loans

[Skip to the end] Lending expansion often follows inflation, as higher asset prices and higher incomes support larger loan balances. Cutting lending as this article implies can set off downward spirals and rising unemployment if domestic demand isn’t somehow supported … Continue reading

Posted in Banking, China |

Fed transparency

[Skip to the end] Zaid Reply: January 27th, 2010 at 4:08 am Hi Tom, I had a different read on this whole transparency issue. If Bernanke is taking a lesson from the 1930s, one event that made the the whole … Continue reading

Posted in Fed | Tagged |

Goldman Sachs trying to broker Greek bonds to China

[Skip to the end] I went to high school with Chris Powell where he was a good friend of mine, then lost touch. We’ve had a few emails discussing GATA. Seems their beef is that the Fed is conspiring to … Continue reading

Posted in Bonds | Tagged , |

What losses?

[Skip to the end] From MS: The table below from CBO office shows the banks have already repaid TARP in full plus interest… Even AIG has accounts for only 10% of the total TARP “loss” outstanding. According to the table, … Continue reading

Posted in Fed, Government Spending | Tagged |

giving up on the Fed

[Skip to the end] We’re getting closer to the point discussed a few weeks ago about markets giving up on the Fed. At the time the 10 year was maybe 3.75-3.80, gold had gone about 1,200, the dollar was near … Continue reading

Posted in Comodities, Fed, Politics | Tagged |


[Skip to the end] The blind leading the blind. I thought S&P knew better. Sadly, they remain deficit terrorists and part of the problem and not part of the answer for a world suffering from an acute shortage of aggregate … Continue reading

Posted in Deficit, Japan | Tagged |