Posts tagged as:

Obama

State of the Economic Union: How Will Obama Get Massive U.S. Budget Deficits To Budge?

January 27, 2010 · 2 comments

in 2010, GDP, January, Obama, US Treasury, US debt, US economy, budgets, debt, deficits, employment, fiscal year, government, news and updates, recession, special dates, stimulus, stimulus plan

The Obama administration sits between an economic rock and a political hard place.  Others might call it a contradiction.  Obama needs to cut spending, but he’s doing this at the same time that more spending is being introduced (on job creation, more troops in Afghanistan).  Slight cuts in some areas are supposed to offset increased [...]

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The New Volatility, or Are Stock Markets Affected by Political Influences Reaching A Tipping Point?

January 26, 2010 · 4 comments

in 2010, DJIA, Federal Reserve, Obama Effect, S&P 500, VIX volatility, banks, central banks, earnings, economics, economy, market reports, market trends, news and updates, politics, recession, special dates, stocks

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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Obama Praises Canadian Banking System

February 18, 2009 · 5 comments

in Canadian, Canadian dollar, Obama

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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How Many Times Does the Stimulus Bill Need To Pass?

February 14, 2009 · 0 comments

in Obama, stimulus plan

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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Obama’s Stimulus Bill Passes!

February 7, 2009 · 5 comments

in Obama, stimulus plan

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 [...]

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More Bank Failures Coming Up Ahead

February 3, 2009 · 0 comments

in Obama, banks, bonds

According to news reported by Amanda Lang on BNN’s SqueezePlay yesterday, Barack Obama says there are more bank failures to come. (He’s speaking of US bank failures, of course…)
Kevin O’Leary also said that the US bank deleveraging is going to continue for the next 2-5 years.  This means it’s going to take quite some time [...]

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Out of A Job Yet? Just Buy American!

February 3, 2009 · 0 comments

in Obama, US economy, protectionism, stimulus plan

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 [...]

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