Robespierre

And Bernanke Didn't Think Unemployment Would Reach 10%

Larry Summers, Lead Economic Adviser to President Obama (January 18, 2009):

" people spend less, therefore they earn less. "

This guy is an imbecile

Jobless Claims Fall to Lowest Level in 37 Weeks

Perry Perry:
"It's also interesting that in the WSJ article above, the Chase economists didn't mention the two most recent recessions of 1990-1991 and 2001. During those two recessions, jobless claims fell by a comparable amount, by -15% from the March 1991 peak and by -19% from the October 2001 peak"

Funny it also does not mention that the current level is HIGHER than the peak of those two recessions. So please do tell how is this such market rally earthshaking great news?

First Glimmers of Optimism

but the UK government is forcing the banks to lend at 2007 levels, not only to each other but into the real economy

So you actually think that giving money away is a good long term strategy because???

Paulson's Plan: Stop the Rot

Well I'm assuming you eventually will need a job in the financial industry and you would like it not to have any "toxic stuff". I can see youe point but why should I pay for it?

What is Hank Paulson Thinking?

The problem with most people is that they think that Paulson is an honest broker - he is not.

It's a Bull Market in Government Intervention

Act shall be limited to $700,000,000,000 outstanding at any one time"

This is the way they will print the money. Once the bank gets rid of the toxic stuff it will again extend credit to anyone. This in turn will create more toxic crap that will move again to the tax payer repeat to infinity. I don't know about gold since I have the feeling that they will try to manipulate it. I think long oil and shorting US debt has a better chance on not being so easy to manipulate.

John Hussman: Is There a Possibility of $60 Oil?

What makes you think that say Libya or some of the other OPEC countries will not lower their supply to match the lower demand? How do you know that China will not use their reserves to start increasing their own strategic reserves once oil starts to drop in price?

Is Bernanke Hinting Something About the Fed's Rate Plans?

All this talk about the FED helping the markets here and there and propping the dollar and helping the banks etc etc etc.. Have we become the new Soviet Union? I guess free markets only applies when it comes for corporations to pay decent wages (above slave wages). Free markets no longer apply when the fat cats are getting hurt. hummm. Also how come there is no outsource of CEOs and CFOs and bankers jobs to say India or Vietnam where they are less expensive? Come to think of it how about the full congress outsource to low cost countries?

Is the Great Moderation in Danger?

So who really thinks that when you can control the price of a product you can't produce enough off? The solution of the oil "crisis" is on the demand side. Tax gas at the pump so people will change their behavior and buy energy efficient cars. Use the tax for mass transportation. Transform the cities into cities and not just a collection of suburbia. Very good things will come if you let oil find its price all by itself.