TDS: Deficit Reducing Tax Cuts?

The Daily Show With Jon Stewart Mon – Thurs 11p / 10c
Deductible Me
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Daily Show Full Episodes Political Humor Tea Party

Category: Humor, Taxes and Policy, Weekend

Bailout Nation States & Municipalities

> Bloomberg’s Chart of the Day shows the growth in federal payouts to state and local governments, also known as grants-in-aid, in the past half century: They have increased almost three times as fast as overall spending during the period, according to data compiled by the Commerce Department. Funds were provided at a $525 billion…Read More

Category: Bailouts, Economy

Fannie Freddie NYT OpEds

There are two OpEds in today’s New York Times regarding the GSEs. One of them is full of insight and intelligence and rationality. The other is by John Carney. The insightful column, Say Goodbye to Fannie and Freddie, was written by former St. Louis Fed president Bill Poole. During the credit bubble and housing boom,…Read More

Category: Bailout Nation, Credit, Federal Reserve, Real Estate, Really, really bad calls

Distorted or not, initial claims still too high

Initial Jobless Claims totaled a disappointing 484k, 19k higher than expected and up from 482k last week. To smooth out the seasonal adjustment problems in July this year because some auto plants shut down and others didn’t, the 4 week average moved to 474k, the highest since Feb. Continuing Claims, up to 26 weeks, fell…Read More

Category: MacroNotes

‘Unusual uncertainty’

Following the July 21st comment from Bernanke that “the economic outlook remains unusually uncertain,” John Chambers of CSCO followed up last night with “we are seeing a large number of mixed signals in both the market and from our customers’ expectations, and we think the words ‘unusual uncertainty’ are an accurate description of what is…Read More

Category: MacroNotes

6 Billion Errors Per Day, Minimum

A few weeks ago, I mentioned we were 50% long, 50% cash (up from 100% cash in May), and were planning on selling into any rallies. Since then, we have sold some winners outright (PWER), cut back other positions, and been stopped out completely of losers; win some, lose some. We are now approximately ~85%…Read More

Category: Apprenticed Investor, Data Analysis, Psychology

CNBC Appearance: Markets in Turmoil

Here is last night’s CNBC appearance:

Starting at the 4 minute mark


Airtime: Wed. Aug. 11 2010 | 7:05:0 10 ET

Discussing Cisco’s shares slumping after hours and the market sell-off, with Arthur Hogan, Jefferies; Barry Ritholtz, Fusion IQ; Jim Lacamp, Macroportfolio Advisors and CNBC’s Herb Greenberg.

Category: Media, Video

Media Appearance: The Kudlow Report (8/11/10)

> Back on the Kudlow Report at 7:00 pm this evening to discuss the Fed, today’s big market drop, and maybe even some housing. Here is food for thought regarding the Fed action, via (former)  Dallas Fed Prez Bob McTeer: The FOMC’s decision to limit the shrinkage of its balance sheet is modest indeed since…Read More

Category: Media

Nouriel Roubini: Not all doom and gloom.

The professor of economics on America’s banking reforms, the risk of deflation in advanced economies and China’s growth

Category: Video

Quote of the Day: Economic Recovery

I love this paragraph from Bloomberg‘s Caroline Baum: “What we had was a government-prescribed course of amphetamines (to keep it up), antibiotics (to prevent infection) and antidepressants (to make it feel better). It endured regular steroid injections from both monetary and fiscal authorities. And it still has no real muscle.” Awesome . . .

Category: Bailouts, Economy