201108.31
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Fannie Mae Shovel Ready?

So one politician says to another, “Hey wouldn’t it be great to have cheaper and guaranteed financing for government planned projects?” “Sure would create alot of jobs” Poof the idea of an Infrastructure Bank.  A government sponsored entity, GSE, created under the premis of rebuilding America’s dated infrastructure. An Opinion piece in today’s Wall Street Journal explains…

201108.30
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European Union

The politics of the European Union is worth following. Can the leadership keep the union together? The course of action pursued to date, has stronger countries bailing out troubled countries; this is essentially a welfare system.  There seems to be some animosity building as a result of this policy.  Germans are angry and don’t feel…

201108.30
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Housing prices are still very weak.

The national index fell 5.9% from June 2010, its fastest rate of decline since 2009. The 10- and 20-City indices declined 3.8% and 4.5%, respectively. Also, consumer confidence plummeted to 44.5, the lowest number since April 2009 and not far above record lows. Markets were expecting 51.9, a big decline from 59.5 but not this dramatic. Jack…

201108.29
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Thinking Things Over: How Does an Economy Grow?

Thinking Things Over Musings on the Markets from Inside the Beltway By John L. Chapman, Ph.D.                                                                                           Vol. I, No.6  082811 In this note: Bernanke’s speech on Friday at Jackson Hole, WY Warren Buffett and investing in Bank of America How an economy grows – and how investors secure a happier future Next week: What is “capital”…

201108.26
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Weekly Chart Review

What an amazing week: Buffett bails out Bank of America; Steve Jobs resigns as CEO of Apple; an earthquake in the northeast; a hurricane barreling towards NYC (as I write this); a flash crash in the German DAX; Gaddafi is on the run; gold finally takes a breather; and Fed Chairman Bernanke at Jackson Hole,…

201108.26
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Even Greenspan Knew Of the Dangers

While the world awaits the white smoke of quantitative easing from the Jackson Hole conclave, the banking system persists in a state of chronic disorder. This is no benign disorder, either, as it threatens the general welfare of the global economy in much the same way as 2008. So much attention about this persistent, incurable…