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Category Archives: Economics

The root of all evil…

Big CEOs Bash Obama…

This week, Intel CEO Paul Otellini and Jim Tisch, CEO of Loews Corp. both blamed the President’s policies for creating an environment of “uncertainty” that is crippling America’s economy. “The Obama administration is “flummoxed by their experiment in Keynesian economics not working,” Otellini said Monday in a speech in Aspen… Obama is destroying the American […]

Ugly Philly Fed and unemployment numbers…

This may well be another lesson in seeing patterns and trends in numbers that don’t necessarily “trend” or trend in the direction you WANT them to trend… http://finance.yahoo.com/news/Stocks-drop-as-jobless-claims-apf-2700438814.html?x=0&sec=topStories&pos=7&asset=&ccode= http://money.cnn.com/2010/08/19/markets/markets_newyork/index.htm Politicians are particularly susceptible to not only trying to divine trends, but also seeing the trends they want to see and then trumpeting them before the […]

The unprecedented confiscation of your retirement…

As described in this Bloomberg article, the U.S. Department of the Treasury is now officially looking at ways to force a portion of every 401k/IRA account—or some other as-yet-nonexistent, government-mandated employee benefit account—into “fixed payment annuities”, which in plain English, means that most of the money would be channeled into long-term Treasury bonds…. http://seekingalpha.com/article/181840-retirement-accounts-and-treasury-bonds-america-s-unprecedented-money-and-power-grab http://www.businessweek.com/investor/content/jan2010/pi2010018_130737.htm […]