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The investor class was not nearly as impressed by yesterday’s inauguration as the political class. Inauguration day 2009 was the biggest stock sell off in the history of inaugurations. I’m pulling for Obama; I’m praying for him. But the investor class can’t afford to have anything other than a clear eye unencumbered by gauzy hype.
Former TARP Special Inspector General Neil Barofsky on Wednesday called for the breakup of too-big-to-fail banks, echoing earlier comments made by the former head of Citigroup on CNBC.
No, Obama was not my choice. No, I don’t believe that he is at the present moment a centrist, though history may teach him to be. I’m proud because America showed that she really meant it when she said she want a color blind society.
Freezing workers’ wages for six years despite record profits is the right way for Caterpillar to stay competitive, former General Motors Vice Chairman Bob Lutz said Tuesday.
Remember the wall to wall coverage given to the dangers of outsourcing in the run up to the 2004 presidential election? It was the shark attack story of that summer. Some of us argued that the threat was exaggerated. It turns out that the supply side of outsourcing was as over estimated as the demand side.
As Colorado reels from the mass shooting at a movie theater, Republican presidential hopeful Mitt Romney reiterated to CNBC his support for gun ownership.
My friend Dan Holland from Kudlow & Co (the actual company, not the show) sent me a link from the Times (the British one) about how houses which were built by Jimmy Carter and other liberal celebrities were falling apart.
Now, the dictionary has a number of definitions of ‘recession’ the most well known (and precise) of which is: two consecutive quarters of negative GDP. I haven’t been able to find a dictionary which defines a recession as ‘whatever the NBER says it is.’
Former New Hampshire Gov. John Sununu on Tuesday blasted President Obama for “demonizing” success in a recent speech.
Since Thursday, the incoming Team Obama (TO) has been hard at work and they have been listening to what the markets have been saying.
Following a mass shooting at a Colorado movie theater that left 12 people dead, former Miami Police Chief John Timoney said that such incidents were happening “with some kind of regularity.”
Actually, the bad news started yesterday with Argentina nationalizing their pension funds. The government's seizure of $29 billion of private pension funds has heightened concerns of a return to 2001 policies and a default on their bonds.
You don’t hear many references to the New Testament in financial journalism these days. Maybe that’s part of the problem. Larry Kudlow is a notable exception. Over the past week in the midst of numerous pieces of bad news, Larry has made continual reference to ‘financial mustards seeds of hope’ in our financial markets.
President Obama’s negative attacks on Republican Mitt Romney are failing because voters are looking for optimism, former Virginia Gov. James Gilmore said Thursday on CNBC.
A decades-long decline in the American middle class requires serious, long-lasting measures, former Democratic strategist James Carville told CNBC on Friday.
Don't believe the news stories saying the FASB suspened or loosened the accounting rule.
A news report published Thursday found Mitt Romney had remained the head of Bain Capital three years longer than he had told the Securities Exchange Commission, sparking accusations between campaign staffers for the Republican and President Obama.