Economics

Regulators Failed During The Financial Crisis Due To Complacency; Alan Greenspan (JPM)

Posted on 03/19/10 at 5:29pm
Bloomberg reports that Alan Greenspan, former chairman of the Federal Reserve, said the central bank and regulators in the U.S. “failed” during the financial crisis. Greenspan believes that complacency about risks was the main reason for the failure of the central bank and regulators.
Click here to read the rest of the article
Posted in

Economists Say Fed May Increase Discount Rate Before Next Meeting

Posted on 03/19/10 at 10:46am
Bloomberg reports that the next meeting of the Federal Open Market Committee is scheduled for April 28. Economists are of the view that before this meeting the Federal Reserve is likely to increase the discount rate charged on the direct loans to banks.
Click here to read the rest of the article
Posted in

CBO Says Healthcare Bill Will Cut Deficit by 138 Billion in 10 Yrs.

Posted on 03/18/10 at 3:52pm
Democrats got help in their effort to enact health-care today when the congressional budget office, CBO, said the $940 billion bill would cut the federal deficit. The health care vote could come up as early as March 21.
Click here to read the rest of the article
Posted in

Germany Backtracks on Greece, As Euro Declines

Posted on 03/18/10 at 1:06pm
There’s more trouble today in Euro-land today. Hence the Euro is down again today. German officials appear to be backtracking on an EU-led rescue of Greece just hammered out by finance ministers three days ago. The US Dollar Index Future - Spot Price is up 0.85%, presently.
Click here to read the rest of the article
Posted in

Health-Care Reform Bill To Cost $940 Billion; Critical Vote Likely On Sunday

Posted on 03/18/10 at 11:29am
Today the Congressional Budget Office released numbers for the health-care reform bill that is pending in the House of Representatives.
Click here to read the rest of the article
Posted in

Marc Faber Believes US Treasury Yields May Rise Sharply

Posted on 03/18/10 at 10:52am
Marc Faber, author of "The Gloom, Boom and Doom Report," told CNBC today that the markets have created their own gold standard, as there is a high amount of uncertainty regarding other asset classes.
Click here to read the rest of the article
Posted in

Look To Semiconductor Stock In 2010 (AAPL, AMD, DELL, HPQ, INTC, NOK, QCOM, TXN)

Posted on 03/17/10 at 4:03pm
A study provided by iSuppli Corp, a research firm speecializing in the electronics industry, predicts double-digit growth in semiconductor spending in 2010, revealing a promising year for companies such as Intel (NASDAQ: INTC), Texas Instruments (NYSE: TXN), Qualcomm (NASDAQ:
Click here to read the rest of the article
Posted in

Big Drug Cos. Are Slackers in Emerging Mkts.

Posted on 03/17/10 at 2:43pm
The leading drug makers aren’t doing enough to gain market share in emerging markets, according to a report that was issued by IMS Health, a research company based in Norwalk, Conn., that tracks prescriptions and other data on drug sales. That’s according to an article in today’s New York Times.
Click here to read the rest of the article
Posted in

Huge News for GM in 2010--Profit and Selling Public Shares?

Posted on 03/17/10 at 1:04pm
General Motors Co. could be turning over a new leaf in 2010 according to the Chief Financial Officer (CFO). CFO Chris Liddell, former employee of Microsoft Corp. (NASDAQ: MSFT), said the company could turn a full-year profit in 2010 as auto sales begin to recover since the economic downturn.
Click here to read the rest of the article
Posted in

Recovery Act Program Provides $11 Billion to Build Schools, Create Jobs Across the Country

Posted on 03/17/10 at 10:43am
The U.S. Department of Treasury and the Department of Education today announced $11 billion in allocation authority to issue qualified school construction bonds under the American Recovery and Reinvestment Act of 2009 (Recovery Act).
Click here to read the rest of the article
Posted in