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thecynicaleconomis

White House Aims to Cut Deficit With TARP Cash

The Cynical Economist | November 13th 2009

This is another brilliant move. But why don’t they extend this to a logical conclusion. We use $12T of TARP money and pay off ALL the debt? This is so easy, I should be a politician.— Chuck Moreland From WSJ By DEBORAH SOLOMON and JONATHAN WE read more

thecynicaleconomis

12 Reasons Unemployment is Going to (at least) 12 Percent

The Cynical Economist | November 13th 2009

U6 is at 17.5% now! From Reuters by: James Pethokoukis Gluskin Sheff economist David Rosenberg, formerly of Merrill Lynch, thinks the unemployment rate is going to at least 12 percent, maybe even 13 percent. Optimists, Rosenberg explains, underestim read more

globalcrisisnews

European economy out of recession

Global Crisis News | November 13th 2009 by Greg

The euro-area economy came out from recession in the third quarter as consumers’ unwillingness to increase spending was compensated by growth in exports from France and Germany. Gross Domestic Product rose 0.4 percent in the economy of the 16 coun read more

Obama’s October Deficit Is Larger Than the Deficit in the Entir…

Say Anything | November 13th 2009

The last all Republic Budget was the fiscal year 2007 budget.  That means it was passed by a Republican Congress And Signed by a Republican President.  The deficit that year was 160 Billion dollars. Remember how the Democrats like Kent C read more

snalts

Singapore Retail Sales Declined in September; Slump May Ease

Singapore News Alternative | November 13th 2009

Bloomberg.com, 13 Nov 2009Nov. 13 (Bloomberg) -- Singapore’s retail sales fell for a 12th straight month in September, a slump that may ease as the island’s economic recovery and a rebound in tourist arrivals revives spending in the coming months read more

Moneyreasons

The Warren Buffett & Bill Gates TV Special

Money Reasons | November 13th 2009 by Don

Last night didn’t disappoint!  Warren Buffett is such a clever, intelligent speaker! The I was going to comment on the CNBC special last night that I mentioned yesterday, but Financial Samurai beat me to the punch! Click here for Financial read more

luckyrooster

15 Awful Things Republicans Would Do If They Had the Chance

luckyrooster | November 13th 2009 by David

Image via Wikipedia From Alternet By Dennis Rahkonen, The Smirking Chimp Always the political instrument of moneyed elites, and a retrograde societal force, the GOP today is more negatively impactful than ever. Its agenda, if fully implemented, wo read more

Draco71

BOE takes a more optimistic view of UK economy.

Financial News | November 13th 2009 by Mark

Mervyn King, governor of the Bank of England (BOE) has taken an about turn on his previous forecasts for economic growth in the UK in the coming two years, He tampers his newly found optimism with forecasts that any recovery in the UK economy will be read more

dkelso1

G. Edward Griffin: The New World Order’s Master Plan is Underwa…

Institutional Financial Derivatives | November 13th 2009 by Douglas Kelso

Alex Jones welcomes back to the show film producer, author, and political lecturer G. Edward Griffin. Griffin’s documentaries and books cover a wide array of topics, including cancer and the Federal Reserve. He has opposed the Federal Reserve read more

Kevin Rudd On Indian-Australian Passion & Relationship

The Moderate Voice | November 13th 2009

Australian prime minister Kevin Rudd batted spiritedly during his recent India visit and delivered a googly to bypass ticklish issues and move on to substantive bilateral economic and strategic issues that would help strengthen ties between India an read more

webaddict

The Benefits Of Heated Towel Rails

WebAddict | November 13th 2009 by Varun Dave

When you decorate your house, you will surely want to make sure that every part of your house looks elegant and classy, and having the latest accessories and fixtures is a welcome bonus. With this criteria met, you will want to ensure that the necess read more

gerbsman

Cleaning House Before Its IPO Will Cost AOL $200 Million And Up T…

Blog if Intellectual Capital | November 13th 2009 by Patric carlsson

As AOL prepares to spin off from Time Warner in an IPO, it wants to gussy itself up so that it looks as appealing as possible tp ublic investors. Today, AOL disclosed that it plans yet another restructuring which could cost as much as $200 million. T read more

prieur

Albert Edwards still uber bearish, calls for new lows in 2010

Investment Postcards from Cape Town | November 13th 2009 by Prieur du Plessis

The post below is republished courtesy of Trader Mark, writer of the Fund My Mutual Fund blog (hat tip: Damien Hoffman of Wall St Cheat Sheet). Societe Generale’s Albert Edwards is generally considered an uber bear, although there were times in read more

prieur

Chanos & Sloan: Lessons from the crisis

Investment Postcards from Cape Town | November 13th 2009 by Prieur du Plessis

In this video, Jim Chanos, legendary hedge fund manager of Kynikos Associates, and Robert Sloan, managing partner of S3 Partners, discuss lessons learned from the financial crisis. (Also see my recent post “Jim Chanos: Ten lessons from the fina read more

prieur

Debt dynamics will hold back economy

Investment Postcards from Cape Town | November 13th 2009 by Prieur du Plessis

The post below is a guest contribution by Comstock Partners, the highly regarded investment manager run by Charles Minter, arguing that government debt could double while private debt could be cut in half. We believe that U.S. government and private read more

Why a Big CCC Won’t Work Today – But a little one might help

The Moderate Voice | November 12th 2009

The U.S. is facing massive structural unemployment – possibly for years to come. We can use a few but not all the ideas from the past because the world, and our nation’s private sector and Federal government, are significantly different from read more

anilnetto

Can Pakatan make a difference?

anilnetto.com | November 12th 2009 by A

Here’s something I wrote for Aliran Monthly on Pakatan’s economic orientation and the challenges it faces. Can Pakatan make a difference especially in the economy? read more

hpro

Maintaining a Stainless Reputation with Clients

Thinking Business | November 12th 2009 by Heather

There has probably not been a more difficult economic time in post depression America.  The ever decreasing oil consumption numbers released today only further demonstrate how far the economy continues to fall which makes successful connection with read more

velvethammer

Quote of the Week: Obama Being Fiscally Responsible?

Ironic Surrealism v3.0 | November 12th 2009 by Velvet Hammer

Don’t fall for it. Obama on the possibility of a Stimulus II: - Reuters “It’s important that we don’t make any ill-considered decisions — even with the best intentions — particularly at a time when our resources ar read more

snalts

HK, Singapore chalking out exit strategy

Singapore News Alternative | November 12th 2009

The Malaysian Insider, 13 Nov 2009Hong Kong and Singapore ministers say they will work together to coordinate the exit strategy on measures put in place during the financial crisis.The two economies plus Malaysia agreed in July to simultaneously with read more

snalts

Singapore's Lee: World Recovering, Sees Gradual Stimulus Exit

Singapore News Alternative | November 12th 2009

NasdaqSINGAPORE -(Dow Jones)- The world economy is recovering, led by Asia, but risks remain as countries' massive stimulus efforts will fade in the months ahead, so stimulus must be unwound carefully, Singapore Prime Minister Lee Hsien Loong said Fr read more

American Companies Abandon Ship

Doug Ross @ Journal | November 12th 2009

Bloomberg reports that Emerson Electric, the massive $21 billion manufacturing conglomerate, is raising the white flag and moving offshore.Emerson Electric Co. Chief Executive Officer David Farr said the U.S. government is hurting manufacturers with read more

Vote for your favorite FairTax ad

Doug Ross @ Journal | November 12th 2009

Yep, they're looking for contributions, too, but you can also give them feedback on their ads.The FairTax Plan is a worthy cause indeed, especially with the country in its current, dire financial situation. read more

Buster529

Obama should be cutting taxes, not raising them.

Our Obama Nation | November 12th 2009

Obama’s health care bill threatens businesses and working individuals with a new battery of taxes but taxes won’t be enough to help offset its costs. To help offset costs, the bill takes away tax incentives designed to encourage busines read more

spruce

Economic Future Brightens, Led By Green Technology

Residential Solar Energy | November 12th 2009 by dean

The U.S. economy finally experienced a little growth in the third quarter of 2009, taking a small 3.5 percent step in the right direction. While this modest growth doesn’t have consumers or... read more

Muslickz

What Recession??? It’s Ovah!

EndsMeat – Where Celebrity Ends Meat. | November 12th 2009 by Michael Stone

Despite so many people still out of work and the economy in the state it’s in, it seems there’s still a lot of money to be thrown around. At least when it comes to art. Wednesday night, Sotheby’s auctioned off several post-war and read more

Muslickz

What Recession??? It’s Ovah!

EndsMeat – Where Celebrity Ends Meat. | November 12th 2009 by Michael Stone

Despite so many people still out of work and the economy in the state it’s in, it seems there’s still a lot of money to be thrown around. At least when it comes to art. Wednesday night, Sotheby’s auctioned off several post-war and read more

The U.S. isn't alone in failed stimulus packages: witness China's…

Doug Ross @ Journal | November 12th 2009

A transcontinental flight west will transport you to the site of another Keynesian disaster. China's $585 billion stimulus binge is intended to meet only one goal: achieving the government's mandated 8% growth in GDP. Which means building cities th read more

Obama Intends To Yammer More With “Jobs Summit”

Stop The ACLU.Com | November 12th 2009

Unemployment continues to go up. People are dropping off the unemployment roles having been on them so long. Some people are just plain giving up and going with “funemplyment.” The Generational Theft Act has failed to create anything othe read more

Reason TV Takes on the FedEx/UPS Fight

Stop The ACLU.Com | November 12th 2009

-By Warner Todd Huston The best one-liner? “It tells us who the real villain is here… a federal government that is big enough and powerful enough that it can absolutely, positively guarantee that it can crush any business over night.̶ read more