Contradictions
A couple of weeks ago I titled my weekly musings “Let’s Get Serious” and in the State of the Union address last week, President Obama said: ….it’s time to get serious about fixing the problems that are hampering our growth.” Never let it be said that we don’t get results around here. I even noticed .. read more
IPad to be Sold In Best Buy?
There are rumors that the new Apple IPad will be sold in Best Buy stores when it comes out: Apple’s iPad introduction was heralded by many as the redefinition of the tablet PC, but in reality, as we pointed out, it’s less a computer than it is a large iPhone. Still, people want to get their .. read more
Long Term Sector Performance
What’s the only sector to outpeform the S&P 500 in each of the last three decades? From Glusking Sheff via The Big Picture A defensive sector outperforms in all types of markets. Very interesting….
Now We Know Who to Blame
There are plenty of people who believe that the great financial crisis of 2008 was a failure of capitalism, of free market economics. Free market economics is most often associated with the Universidy of Chicago school of economics and Milton Friedman. John Cassidy of the New Yorker recently wrote an article in which he used the .. read more
Scott Sumner Nominates Cramer for the Fed
Well, sort of. Actually he just wants some optimists on the FOMC: I’m thinking of people like Jim Cramer and Larry Kudlow. When I say “like them,” I don’t mean people with similar views on monetary policy, I mean people with similar personalities. People who are optimistic about America, strongly pro-growth, people that are not .. read more
An Independent Fed?
Ben Bernanke has opposed the efforts to audit the Fed allegedly because he values the independence of the Fed. Really? (Via WSJ): The White House said yesterday it has damped down a political revolt against Ben Bernanke and now has the votes to secure the Federal Reserve Chairman’s second four-year term. Whether or not Mr. .. read more
Peter Wallison on Obama’s Bank Plan
Peter Wallison has an editorial in the WSJ today about Obama’s bank lash out last week: First, Mr. Obama has proposed to limit the size of banks or their holding companies, or both. The trouble with limiting the size of these institutions is that no one has the faintest idea what the right size is. .. read more
Not Bold Enough
President Obama will apparently preview some of his State of the Union message today: Jan. 25 (Bloomberg) — President Barack Obama today will preview a package of tax cuts for the middle class, including an increased tax credit for child care, limits on student loan payments, and an expansion of tax credits to match retirement .. read more
