From the category archives:
With news that Osama Bin Laden had been shot and killed by US forces on Sunday evening (between May 1 and May 2 in Pakistan), oil prices dropped and seemed to take other commodities down with it. More than three hours after the initial announcement on CNN, all commodities have sold off and analysts are [...]
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Now we know that a whopping 32 states are officially bankrupt, and that apparently, the US government has been engaged in shadow bailouts of these states, i.e., “giving them money under the table.”
In addition, all that money that states borrowed from the Federal government in order to continue to pay unemployment benefits? Now they won’t [...]
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State of the (Economic) Union 2010: is political news now a leading indicator of stock markets?
I can’t remember where I read it recently, perhaps even in the End of Influence, but the consensus among some who know more about it than I do is that stock markets, and most notably the U.S. stock market in [...]
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U.S. President Barack Obama, according to this Washington report, said “he’s confident that a multibillion-dollar plan to kick-start the ailing economy will survive a crucial House vote.”
It’s unclear how much Republican support he’ll get for the 2009 economic stimulus package, but Obama said “I’m confident we’re going to get it passed.”
According to the report, “the [...]
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Those people betting on seeing the Obama Effect in infrastructure should tell me what they think of Boeing’s latest job cut announcement (read it here). Or is this a sign that the infrastructure pre-bubble has popped? Either way, it’s pretty sad and scary. Canada also just announced that the recession is going to be deeper [...]
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