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Now that the debt ceiling has been raised and the media have already turned to the question of how Obama will be celebrating his 50th birthday, it behooves us to consider the new market slump that has sunk in following registration of the reality of America’s debt situation. Immediate crisis would seem to have been [...]
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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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He’s coming to visit Ottawa tomorrow (February 19, 2009) but it appears he’s doing his homework first. Check out this piece, from an interview he did today with Canada’s CBC.
I’ll quote part of it here in case that link disappears.
Obama Praises Canadian Banking System
“One of the things that I think has been striking about Canada [...]
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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 [...]
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