Archive for July, 2009:

The Re-Election Campaign of Ben Bernanke

{ Posted on Jul 30 2009 by Brian Doherty }
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Categories : All, Reason Magazine - Economics
In the past weeks, Federal Reserve chief Ben Bernanke has taken the prior reputation of the high priesthood of history's mightiest central bank—august, oracular, mysterious—and devalued it as surely as his bank has devalued the dollar over the past ...Read More »

Brooklyn Literary Magazine Editor Declares Recession Over

{ Posted on Jul 30 2009 by Moe Tkacik }
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Categories : All, Clusterstock
This just in from Keith Gessen, the novelist and founding editor of the Brooklyn literary magazine N+1: Dear Honored Subscribers: Greetings from n+1-in-exile headquarters here in Moscow.Luckily, I'm the only one who was exiled here, and consequently there's a great deal of ...Read More »

Andrew Cuomo’s Bonus Report Just Made Goldman Sachs Look Great

{ Posted on Jul 30 2009 by Moe Tkacik }
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Categories : All, Clusterstock
Yes really! Andrew Cuomo's new report on bank bonuses--"No Rhyme or Reason: The Heads I Win, Tails You Lose Bank Bonus Culture"--could just as easily be titled, "In Defense Of Goldman: $4.82 Billion In 2008 Bonus Awards Seems Modest Compared To ...Read More »

Daily Show’s John Oliver Mocks Tim Geithner

{ Posted on Jul 30 2009 by John Carney }
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Categories : All, Clusterstock
At this point, lampooning of Tim Geithner is a bit like shooting fish in a barrel. But, as we like to say, if you're going to go shooting into barrels, you might as well be a good shot. And this ...Read More »

CHART OF THE DAY: Shades Of 1929

{ Posted on Jul 30 2009 by Joe Weisenthal and Kamelia Angelova }
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Categories : All, Clusterstock
We've put together an amazing, fool-making rally since the market hit its lows in early March. Of course, before you break out the champagne, remember that a strong bull run can happen during a long-term decline. We have eclipsed most such ...Read More »

Housing Bottom? No, The Mother Of All Head Fakes

{ Posted on Jul 30 2009 by Henry Blodget }
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Categories : All, Clusterstock
Housing bears immediately tried to poke holes in the surprisingly good numbers in the May Case Shiller report.  The most widespread bear argument, that the rise was just seasonal, is weak: Even the seasonally adjusted numbers were the best in three ...Read More »

The Myth of Free-Market Health Care in America

{ Posted on Jul 30 2009 by Shikha Dalmia }
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Categories : All, Reason Magazine - Economics
ObamaCare is in retreat. That much was clear the moment the president started springing B-grade Hollywood references to "blue pills and red pills" in its defense during his news conference last week. But before ObamaCare can be beaten back ...Read More »

Middle America Girds For Chinese Invasion

{ Posted on Jul 30 2009 by Joe Weisenthal }
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Categories : All, Clusterstock
Is there any other way to interpret this news? KTUL Oklahoma: An increasing number of Oklahoma schools are now offering Chinese as a foreign language. State Education Department officials say 13 public schools and seven ...Read More »

The Bear Slaughter Continues

{ Posted on Jul 30 2009 by Joe Weisenthal }
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Categories : All, Clusterstock
Stocks sold off a little by the end of the day and the S&P 500 failed to cross 1000, but the too-painful-to-watch, 5-month long bear slaughter continues today. The rally has made this the best July since 1939.Join the conversation about ...Read More »

Passion by the Hour

{ Posted on Jul 30 2009 by Trent }
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Tags : , , , , , , , , ,
Categories : All, Learning, The Simple Dollar
On our DVD shelf, which is admittedly quite thinner than it used to be, there are quite a few DVDs that we’ve watched once and are simply accumulating dust. Assuming a cost of $15 per DVD and a two ...Read More »
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