While Goldman CEO Lloyd Blankfein understands that "people are pissed off" with bankers, he says everybody should be happy: "Companies are looking to grow again and raise money. That's where we come in. The financial system may have led us into the crisis but it will lead us out." [View news story]
Oil speculation is what put the last nail on U.S. economy. Why this crook is not behind bars?
We know about the laws of supply and demand, but what if economics violates the laws of physics? Some academics are arguing that a model for consistent economic growth ignores diminishing energy supplies. As one professor puts it: "Neoclassical economics is inconsistent with the laws of thermodynamics." [View news story]
"and they will quickly put out FREE 10,000 dollar rebates (your money) to all those gas hogs so they can buy that hybrid car. That is the socialist way."
The GOP solution is to start a useless war kill more young to reduce gasoline demand. Don't forget the financial mess happen on Bush watch.
Facing antitrust concerns in Europe, Microsoft (MSFT) will release its new operating system in the region without Internet Explorer. The decision surprised EU regulators, who noted "rather than more choice, Microsoft seems to have chosen to provide less." [View news story]
EU got what it deserves. You can download browsers using ftp.
Get used to sub-2% GDP growth, Pimco's El-Erian says. "We are transitioning to what we call at Pimco a new normal." Outspoken analyst David Rosenberg agrees: "This is going to be a new era of frugality. This isn't some flashy two- or three-quarter deal. This is a secular change in household attitudes." [View news story]
Don't believe anything from PIMCO. Greenspan is working for PIMCO and this crew intend to mislead the investors.
Former Fed chief Alan Greenspan talks the markets higher, saying we're finally seeing the "seeds of bottoming" in housing, and that it's "very easy to see" financial markets continuing to improve. Greenspan was one of the first to predict a recession in 2007. [View news story]
ECB's Trichet says the global economy is near the 'inflection point' and the 'international economic downturn is easing.' An exit strategy for central banks from special stimulus measures is 'essential.' [View news story]
Trichet, this idiot said ECB will not lower rates right before cutting interest rate .5. He is the biggest moron I have ever seen.
Major battle brewing between the Obama administration and the corporate lobby over White House plans to raise taxes on overseas profits - which could cost multinationals $100B over the next decade. [View news story]
Not only they should raise taxes, they should double tax the corporate which outsource American jobs.
For example, I bought an average house for $65K in 1983, the house is worth over $350K. I can sell my house in a week for $350K if I want to and pocket $300K. Am I missing something?
The Senate's stimulus package is nearing $1T with extra spending earmarked for medical research and tax breaks for car buyers. [View news story]
Please tell our politicians average American need lower mortgage rates, tax break. Stop outsourcing American jobs. It is all tax money return it back to us.
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Latest | Highest ratedOptions Trader Wrong-Way Weekly Wrap-Up: Party Like It's 1999 [View article]
While Goldman CEO Lloyd Blankfein understands that "people are pissed off" with bankers, he says everybody should be happy: "Companies are looking to grow again and raise money. That's where we come in. The financial system may have led us into the crisis but it will lead us out." [View news story]
We know about the laws of supply and demand, but what if economics violates the laws of physics? Some academics are arguing that a model for consistent economic growth ignores diminishing energy supplies. As one professor puts it: "Neoclassical economics is inconsistent with the laws of thermodynamics." [View news story]
The GOP solution is to start a useless war kill more young to reduce gasoline demand. Don't forget the financial mess happen on Bush watch.
Could an Eliot Spitzer comeback really happen? (Vanity Fair) [View news story]
Facing antitrust concerns in Europe, Microsoft (MSFT) will release its new operating system in the region without Internet Explorer. The decision surprised EU regulators, who noted "rather than more choice, Microsoft seems to have chosen to provide less." [View news story]
Henry Blodget blasts Microsoft (MSFT) CEO Steve Ballmer, says MSFT needs to 'face reality.' [View news story]
Get used to sub-2% GDP growth, Pimco's El-Erian says. "We are transitioning to what we call at Pimco a new normal." Outspoken analyst David Rosenberg agrees: "This is going to be a new era of frugality. This isn't some flashy two- or three-quarter deal. This is a secular change in household attitudes." [View news story]
Former Fed chief Alan Greenspan talks the markets higher, saying we're finally seeing the "seeds of bottoming" in housing, and that it's "very easy to see" financial markets continuing to improve. Greenspan was one of the first to predict a recession in 2007. [View news story]
ECB's Trichet says the global economy is near the 'inflection point' and the 'international economic downturn is easing.' An exit strategy for central banks from special stimulus measures is 'essential.' [View news story]
He is the biggest moron I have ever seen.
Major battle brewing between the Obama administration and the corporate lobby over White House plans to raise taxes on overseas profits - which could cost multinationals $100B over the next decade. [View news story]
Home buyers who bought the "median priced single-family" home at the 1979 peak are now under water. [View news story]
Am I missing something?
Home buyers who bought the "median priced single-family" home at the 1979 peak are now under water. [View news story]
Bernanke Desperate, Fed Out of Ammo [View article]
The Senate's stimulus package is nearing $1T with extra spending earmarked for medical research and tax breaks for car buyers. [View news story]
The Autos and Mentality That Ruined Detroit [View article]