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I caught a technology sector analyst from Invesco on Yahoo's Tech Ticker this morning who had some interesting things to say about the dysfunctional relationship between the technology stock sector and the subcrime . . . err . . . subprime credit debacle.
It seems that the credit & lending...
Read More | Mar 6th, 2008
How stupid is the state of Maryland? No, not it's fine people, but it's short-sighted governor Marty O'Malley and its state legislature, which recently upped taxes state-wide in an effort to fund new programs and pay for additional government services.
The tax hike has residents steaming and...
Read More | Feb 26th, 2008
Anybody reading this blog knows that the media has been adamant about the U.S. economy tanking into recession, with reporters putting their notebooks and tape recorders down and waving pom-pom's in support of economic strife for millions of Americans.
Why? Once again, who knows? Probably because...
Read More | Feb 21st, 2008
Even as U.S. Treasury Secretary Henry Paulson reassured us on Friday that the economy "would not go into recession" in 2008", some people, especially consumers, aren't buying it.
This is exactly what I'm talking about when I vent over the power of perception and the media's glee in talking down...
Read More | Feb 9th, 2008 | Comments: 1 | Last Comment: Feb 10th, 2008
It didn't take long for the Federal Reserve to act after this morning's announcement that last quarter's Gross Domestic Product (GDP) number - the key index in measuring the health of the U.S. economy -- was a lousy one.
For the quarter, GDP clocked in at a meager 0.6% - about one percent lower...
Read More | Jan 30th, 2008
With the markets roiling today, although not as roughly as many economic pundits had predicted before the Federal Reserve announced a three-quarter percent cut in its prime lending rate (from 4.25% to 3.50%), maybe we can exhale and examine what lies in front of us, from an economic viewpoint.
A...
Read More | Jan 22nd, 2008
You've just to love it.
Honestly, you just can't make this stuff up.
One day after the business media engaged in an epic bout of hand-wringing over a decline in home sales values, a new report out today shows that consumers have looked at the housing mess, saw that it impacted only about 1% of...
Read More | Sep 28th, 2007