201003.31
3
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Well He Must Be Doing Something Right

President Obama’s new offshore drilling plan is taking flak from both sides of the aisle. He must be doing something right: WASHINGTON —President Obama’s proposal to open vast expanses of American coastlines to oil and natural gas drilling drew criticism from both sides in the drilling debate. The plan, which Mr. Obama said would balance…

201003.29
0
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Stimulus?

Eminent economists on the “stimulus”: The term “shovel ready” seems to have disappeared from the language just as quickly as it arrived. The idea that greater public borrowing would leverage capital expenditures to put the U.S. back to full employment is now replaced by boasts that Washington has saved Albany, Springfield and Sacramento from laying-off…

201003.28
1
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Weekly Economic and Market Review

The economic data last week continued the slowly improving trend that has been evident for months now – or at least evident outside of housing. Stocks continued their recent slow motion rally, the dollar strengthened (or more accurately the euro weakened) and commodities were generally well behaved. Unfortunately the bond market wasn’t very cooperative with…