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Job Market Not as Bad as Expected

Why is everybody surprised? We all knew that 2009 would be a very tough year. Those that make it through will probably feel improvements next year as the stimulus money really gets spent.

Bernanke Seems Clueless About the Real State of the Economy

I am still trying to figure Bernanke out. It seems he's right on some points but off on others. I never understood the 16 consecutive rate increases. Why didn't they give the lag effect time to work and stop @ 3% instead of 5 1/2%? Initially he said damage would be contained at a ridiculously unbelieveable number. Yet he has certainly been creative in backstopping the system. I agree with him that if we let one more major financial company fail that the deleveraging fallout could be fatal. It is going to take us a while to change these "too big to fail" firms into less scary ones.


Mar 01 10:21 AM User 320114 wrote:

> You may be right that Bernanke is too optomistic but maybe you are
> way to pessimistic. We all know what happened but no one really knows
> what will happen. Do you really think that corporate management is
> going to make investments based on feelings and thus create even
> a bigger problem? It is never as good as it seems and never as bad.
> Give the current administration some time. At least they are not
> sitting on their hands.

America's Real Wealth

The article was good and I agree with a lot of it. The first few comments are typical (inciteful rather than insightful) of the attitudes that have to go. Accountability applies to all no matter how you spin it.

The Die Is Cast

Isn't the $700B rescue money going to participate in the multiplier effect and eventually result in several $trillions in much needed liquidity?

Who Really Needs to Back the Bailout?

You put this nonsense up on another blog. I recall the market fell 350 points after Palin's nomination. It may vote on McInsane's future later today.