Category Archives: Stimulus
Yellen Takes Off Training Wheels
Janet Yellen took the training wheels off the economy on Wednesday. After seven years of near zero percent interest rates, the Fed hiked rates a quarter percent.
Meanwhile, Congress passed a 2,000 page, 1.2 trillion dollar budget. That tacked another 157 billion onto the 18.5 trillion dollar national debt.
Yellen
On Friday the Dow dropped 370 points.
David Stockman says, “sell the bonds, sell the stocks, sell the house”. IBD wonders if the markets know something the Fed doesn’t.
Greatest National Security Threat
Not only is climate change our greatest national security threat. It causes terrorism. Trust me.
Fed Up
The Fed has kept the stock market and, so it claims, the U.S. economy afloat with low interest rates. The Dow lost 1500 points in the past week. World economic growth is stuck in the mud.
And with interest rates near zero, the Fed is low on flotation devices.
If income inequality is your thing, cheer up. Jeff Bezos lost $2.6 billion on Monday. Bloomberg has the fat cat score card here.
Government Train Wreck
A reporter blamed the tragic Amtrak train wreck in Philadelphia on not enough government spending on infrastructure. House Speaker John Boehner said the train wrecked because it was going 106 mph in a 50 mph zone. This may be just the sort of thinking President Obama wants Boehner to change.
No Acceptable Business Case
The Chevy Cobalt is being recalled because the ignition shuts off while the vehicle is running! None of the solutions to fix it represented an “acceptable business case“, according to General Motors. Thirteen people have died so far. GM warns this can be caused by too heavy a key ring.
So, as your life passes before your eyes while barreling downhill at 80mph without power, or airbags, please keep in mind… your key ring is too damn heavy.
Acceptable Business Case
On the other hand you could have kept your key ring and GM could have fixed the problem with a 57 cent part.
At least they’re not blowing your bail out money.
