From the category archives:
Trading volumes have been historically low and stock markets in a trading range for quite some time now, even taking the brief September rally into consideration (buoyed by the Aug. 27 Jackson Hole speech comments by Bernanke with a view to the necessity for more quantitative easing in the near future).
Any given hour of the [...]
{ Comments on this entry are closed }
.
Now that the G20 has wrapped up, what can we glean about stock markets going forward? Canada’s PM Harper noted that markets have been skittish as they have been waiting for the G20’s pronouncement on the delicate balance between imposing fiscal austerity but also facilitating continued stimulus in order to abet the global economic recovery.
Summer [...]
{ Comments on this entry are closed }
Over the last two weeks, I think I’ve read about FIVE times in the news that the stimulus bill has passed. Passed in the House, passed in Congress, passed in the Senate (that’s today); revised and passed again. It makes sense that it would have to pass through all the different bodies of the US [...]
-{ Comments on this entry are closed }
Breaking news – late on Friday, around 9pm EST I think, Obama’s stimulus proposal tentatively passed, legalizing a stimulus of about $780 Billion, cut back a bit from the $900 Billion originally proposed.
I was starting to get worried.
Now let’s see how quickly he can sign it and get it working.
Monday, February 9 update: OK, it [...]
{ Comments on this entry are closed }
The so-called “Buy American” clauses in U.S. President Barack Obama’s 2009 stimulus bill package may initially sound like a good idea given all the recent layoffs and newly unemployed workers, but it recalls that ugly bumper sticker that I love to hate and tend to snicker at those driving the cars on which it is [...]
-{ Comments on this entry are closed }
Obama and others freaked out yesterday at what came in as worsening US economic data and the lowest stocks on record for any January in the stock market history. The “fresh U.S. economic blow” is a “disaster”, Obama says. The Dow Jones Industrial Average dropped another 148 points (a 500-point drop is what happened in [...]
-{ Comments on this entry are closed }
