Mortgage Bailout Bill? More Money for GM? They Can’t Be Serious
$75 Billion doesn’t sound like as much money now as it did back in September of last year. That’s when hundreds of billions first started being thrown out like beads at a Mardi Gras parade. Now all you have to do is prove that you have an ample level of moral fiscal depravity and the [...]
Ok, So Not Everyone Agrees…
There is no disagreement that we need action by our government, a recovery plan that will help to jumpstart the economy.” — PRESIDENT-ELECT BARACK OBAMA, JANUARY 9 , 2009 But then again, what do these guys know? it is a triumph of hope over experience to believe that more government spending will help the U.S. [...]
$700B Well Spent
I’m not one to take a one day sampling of the stock market and make a “see-I-told-you-so” snap reaction. Â It’s pretty unreasonable to think what happened in Congress on Friday would have much of an impact today–the assumption of the passage of the bailout was already priced into the market. Â But the reaction to today’s [...]
Illogical Markets
From Fast Company: “The idea that the market is always right is a crazy idea. Laissez-faire is over.” Well, until the shit hits the fan, maybe. But it can’t be stopped forever. Here are a few observations I’ve made in my few years… 1) Unregulated markets are illogical, emotional, impulsive, abusive, and reactionary…in the short [...]
Maria Bartiromo All Oiled Up
Maria Bartiromo was my big crush at the turn of the century. My daily schedule was to get up really early to work out, take a nap, and then get up to watch her for the opening bell at the NYSE on Squawk Box. She’s super smart, and not too tough to look at either, [...]
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