Confidence

An Economic Puzzle – Consumer Confidence Hits Six Year High While Majority of Americans Say U.S. Still in Recession

An Economic Puzzle - Consumer Confidence Hits Six Year High While Majority of Americans Say U.S. Still in Recession

If everyone from the Fed Chairman on down to the average man in the street seems confused about how the economy is doing, well, it’s because they are. The economy is still in a recession, a depression […]

Obama Jobs Plan Bad Joke For Both Employed and Unemployed

Obama Jobs Plan Bad Joke For Both Employed and Unemployed

The long awaited and hugely hyped Obama “Jobs Solution Speech”, hastily crafted between rounds of golf on the Vineyard, is unlikely to help either the employed or  unemployed. Obama’s calls his new proposals the “American Jobs Act” […]

Latest Government Scheme For Growth – The Invisible Tax Cut

Pulling forward future demand to stimulate economic growth didn’t work with the cash for clunkers program or housing tax credits.   Car and home sales collapsed after consumers who were going to buy cars or houses anyways bought today instead […]

US Treasury Calls TARP Repayments A “Milestone” While Ignoring The Elephants In The Room

Treasury’s Victory Call On Financial Bailout Premature The Treasury Department’s latest public relations effort to highlight the success of the financial system bailout focuses on the amount of TARP repayments versus total debt outstanding.  In addition, the […]

FDIC Considers Borrowing From Treasury As Banking Failures Increase

FDIC Considers Borrowing From Treasury As Banking Failures Increase

FDIC May Request Treasury Loan As Losses Grow The FDIC always takes pride in noting that it is self funding and covers failed bank losses by assessments on FDIC insured member financial institutions. Congress created the Federal […]

The FDIC Deposit Insurance Fund (DIF) – A Risky Game Of Confidence

The FDIC Deposit Insurance Fund (DIF) - A Risky Game Of Confidence

FDIC Rightly Worries About Public Confidence Due to the large number of bank failures during 2009 the FDIC Deposit Insurance Fund (DIF) has fallen to the lowest level since March 1993.  Numerous headlines are screaming that the […]

FDIC Tells Banks California IOU’s Good As Gold

Bank Have Enough Bad Assets Yesterday, a group of major banks, including Bank of America, Citigroup, JP Morgan and Wells Fargo,  said that they would stop accepting California IOU’s.  The State of California, virtually out of cash, […]

Geithner – “I am not a crook”

Geithner -

“Chinese assets are very safe” This remarkable assertion regarding the safety of US debt securities held by China was made by Timothy Geithner, US Treasury Secretary, during his visit to China.   That Mr. Geithner felt compelled to […]

The Futility Of Lower Interest Rates, Obama Motors, “Atlas Shrugged” Sales Surge & Confidence Mounts

As stock markets surge, GM’s future is suddenly bright and consumer confidence soars, here are some recent blog posts worth the read with some alternative insights. Why lower interest rates are not effective monetary policy If too […]