Archive for August, 2009:

Spending Collapses In All Generation Groups

{ Posted on Aug 31 2009 by Michael Shedlock }
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Categories : All, Globaleconomicanalysis, Macroaxis
It's no secret that boomers fearing an underfunded retirement have sharply cut spending. However, it's not just boomers cutting back. Consumer attitudes toward debt have changed across all age groups.A recent Gallup Poll shows just how dramatic a spending shift ...Read More »

Good Sign: Men’s Underwear Sales Up

{ Posted on Aug 31 2009 by Yael Bizouati }
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Categories : All, Clusterstock
C’mon guys. Yes, it’s the recession and yes, we all have to cut back a little. But indulging in more than one pair of underwear every eight months isn’t asking too much. And it might take you a long way. ...Read More »

China Enters A Bear Market…Preview for U.S. Stocks?

{ Posted on Aug 31 2009 by Ockham Research Staff }
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Categories : All, Ockham
Equities world-wide are feeling the weight of another tough day for China’s Shanghai Composite Index, which slumped 6.7% today most since June 2008.  Now, China’s equity market has dropped more than 20% from the latest highs, making this an official ...Read More »

Ron Paul Says Barney Frank Backs The Fed Audit Bill

{ Posted on Aug 31 2009 by Yael Bizouati }
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Categories : All, Clusterstock
Barney and Paul are going on a all out Fed-audit attack. In an interview with the Wall Street Journal, Congressman Ron Paul said: “"Barney told me, 'It's going to come. You're going to get what you want. We're going ...Read More »

Hank Paulson Looking Smarter All The Time: Taxpayers Doing Fine On TARP

{ Posted on Aug 31 2009 by Henry Blodget }
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Categories : All, Clusterstock
The final tally isn't in yet, but the great bank bailout of 2008 is actually turning out to be a pretty good deal for the taxpayer--at least the TARP part of it. At the time Hank Paulson got on his knees ...Read More »

Hank Paulson Knew Almost Immediately That The Original Tarp Idea Was Dead

{ Posted on Aug 31 2009 by John Carney }
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Categories : All, Clusterstock
Just five days after Congress approved the Tarp, Treasury Secretary Hank Paulson was telling a journalist working on a profile of him that the government would use the money allocated by Congress to purchase or insure troubled assets to directly ...Read More »

The Enterprising Investor’s Guide 8/31/2009

{ Posted on Aug 31 2009 by Ockham Research Staff }
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Categories : All, Ockham
The price-to-peak earnings multiple held steady at 11.5x last week.  The stock market was just about even for the week, although most of the economic data showed improvement and earnings reports were stronger than expected, particularly those from the Technology ...Read More »

Cocaine Dealers Getting Crushed By Recession

{ Posted on Aug 31 2009 by John Carney }
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Categories : All, Clusterstock
Delivering cocaine was a thriving business in New York City during the boom years, when people from all different sectors of the city seemed to turn back on to the drug. Dealers could be choosy about where and when they would ...Read More »

Senator Dodd Sought To Aid A Troubled Mortgage Servicer

{ Posted on Aug 31 2009 by Yael Bizouati and John Carney }
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Categories : All, Clusterstock
Chris Dodd may have put pressure on the Fed to aid a troubled mortgage servicer. Forbes is reporting that the Senator from Connecticut helped Carrington Mortgage by sending a letter to the Federal Reserve urging easier terms for mortgage servicers taking ...Read More »

Reader Mailbag #78

{ Posted on Aug 31 2009 by Trent }
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Tags : , , , , , , , , ,
Categories : All, Learning, The Simple Dollar
Each Monday, The Simple Dollar opens up the reader mailbags and answers ten to twenty simple questions offered up by the readers on personal finance topics and many other things. Got a question? Ask it in the comments. You might ...Read More »
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