Archive for July, 2009:

Cash for Clunkers Is Back, Baby!

{ Posted on Jul 31 2009 by Brian Doherty }
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Categories : All, Reason Magazine - Economics
Out of money? Not the government's cash for clunkers program! We're the government, dammit, have some more! So Congress declares today:The House approved a bill Friday afternoon to provide $2 billion to continue the federal government's week-old "cash for ...Read More »

It’s A V-Shaped Recovery!

{ Posted on Jul 31 2009 by Henry Blodget }
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Categories : All, Clusterstock
Join the conversation about this story »See Also:You Fools Don't Get It: This Is A V-Shaped Recovery!Gary Shilling: Stock Market Will Crash As US Consumers RetrenchHousing Bottom? No, The Mother Of All Head Fakes Read More »

JP Morgan Thinks You Should Buy Citi Stock

{ Posted on Jul 31 2009 by John Carney }
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Categories : All, Clusterstock
Financials have been left behind in the current rally and therefore offer a great opportunity for those of you who are still looking to get back into the markets, a team from JP Morgan argues in Barron’s Investor Soap Box ...Read More »

CHART OF THE DAY: Thank God For Government Spending

{ Posted on Jul 31 2009 by Joe Weisenthal and Kamelia Angelova }
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Categories : All, Clusterstock
Today's better-than-expected -1% GDP was tempered, somewhat, by the staggering 11% spike in Federal Government spending (hello stimulus!). Today's chart looks back at the Y/Y GDP change with the same number sans government spending. As you can see from the ...Read More »

How Low Can You Go? Chicken-and-Corn Fried Rice with Lemon Spinach

{ Posted on Jul 31 2009 by Trent }
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Tags : , , , , , , , , ,
Categories : All, Learning, The Simple Dollar
In April and May, National Public Radio featured a series on inexpensive gourmet dishes entitled “How Low Can You Go?” Although many of the dishes looked quite tasty, most of the dishes weren’t actually all that inexpensive, often narrowly getting ...Read More »

Will Bank Emails Show They Knew Collapse Was Imminent?

{ Posted on Jul 31 2009 by Erin Geiger Smith }
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Categories : All, Clusterstock
Just ask Ben Bernanke and Ken Lewis - it is always the emails that get you.  And over this weekend, dozens of bankers are likely thinking back on messages they sent their buddies in the months (years, really) leading up ...Read More »

Why New Jersey Corruption King Solomon Dwek Won’t Be Bad For The Jews

{ Posted on Jul 31 2009 by Moe Tkacik }
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Categories : All, Clusterstock
New York magazine's Alana Newhouse says New Jersey corruption kingpin Solomon Dwek, Bernie Madoff, and other high-profile white-collar criminals are "bad for the Jews." Don't stereotype! From our perspective, Solomon Dwek was actually good for the Jews. Even better, we might venture, ...Read More »

Hundreds of Businesses Are Run Out Of Capco’s Vermont HQ

{ Posted on Jul 31 2009 by John Carney }
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Categories : All, Clusterstock
The Wall Street owned insurer Customer Asset Protection Company, known as Capco, may not be an off-shore company. But it sure operates like one of those Cayman Island based tax shelters president Barack Obama has targeted.Capco is the mysterious company ...Read More »

Been down so long it looks like up

{ Posted on Jul 31 2009 by James Hamilton }
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Tags : , , , , , , , ,
Categories : Econbrowser, Money
The Commerce Department reported today that the seasonally adjusted real value of the nation's production of goods and services fell at a 1% annual rate during the second quarter. That's about as bad as things ever got during the ...Read More »

Is This What’s Coming Next?

{ Posted on Jul 31 2009 by Joe Weisenthal }
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Categories : All, Clusterstock
In yesterday's CHART OF THE DAY we noted the similarities between this current rally and the famous rally between 1929 and 1930. Today, David Rosenberg picks up on the same thing, and fills it out a little more. Join the conversation ...Read More »
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