Economics 
Unwinding Mess - IndyMac, Freddie Mac, and Fannie Mae(1)
On Friday, the first unavoidable evidence that the credit crunch continues burst forth to center stage. The Office of Thrift Supervision (OTS) and the Federal Depositors Insurance Corporation (FDIC) were forced to take control of IndyMac Bancorp, Inc. IndyMac’s failure marks one of the largest bank failures in history, and is the largest bank failure [...]
Gone with the Wind? Pickens’ plan for America.
America is facing a serious long-term energy crisis. The price at the “pump” that people are so traumatized by is really the short-term symptom of a longer term problem. As the largest of the two “third world” nations industrialize, India and China, billions of people are rapidly increasing in their wealth, standard of living, and [...]
Shooting Craps - Vegas comes up “snake-eyes!”
Now I know recession is close at hand. When the purveyors of sex, drugs, and cheap thrills hit the skids - you know the rest of the economy can’t be too far behind. America’s most outrageous city, Las Vegas, is facing a growing multitude of problems, and they all boil down to a single, unavoidable [...]
Make mine a mocha-layoffa-chino please…
Starbucks, the nation’s left-wing-nutjob-8-dollars-a-cup-of-joe shop, has finally figured out the economy is slowing down. I suppose when gas costs more than four bucks a gallon - getting that mocha frappachino for six bucks doesn’t seem like such a good idea. Starbucks Corp. announced today it will close 600 company-operated stores in the next year. The [...]
More in this category:
- Are we heading for a global recession?
- Marginal sins of taxation
- Why is crude oil (and gasoline) so expensive?
- Obama to America - I won’t drill…
- Obama’s tax plan is a sham…
- Skyrocketing Oil Prices Stump Experts
- Politico: A fumble on the Farm Bill
- Oil Execs before the US Senate
- Metal Prices going higher on Oil and Dollar Fears
- Oil Execs Defend current prices in Senate Testimony
- FT: Oil Shortage Fears drive futures near $140
- Reuters: Oil hits record near $130 as supply fears grow
- Reuters: House passes bill to sue OPEC over oil pricing
- FT: US begins to break foreign oil ‘addiction’
- FT: Saudi to increase Oil Output
- Treasury Secretary Paulson - “Markets are Calmer Now”
- Saudi Arabia rejects Bush’s request for increased oil output
- ECB Worried about Liquidity Crisis
- Oil Prices Surge as Bush meets with Saudi King
- Clinton: OPEC should not be a cartel
- As gasoline costs rise… people are stealing burrito oil!
- Eliminating the Gas Tax will not lower gas prices
- It’s is time to drill for OIL in ANWR
- Saudi Arabia experiences new Golden Era of Wealth with Oil over $100 per barrel
- Inventories and War Spending Keep Economy Growing in First Quarter
- Housing Crisis evaporates $6 trillion in personal wealth
- Federal Reserve Drops Fed Funds Rate to 2%
- Oil prices slip as Dollar Rises
- One Year Treasuries back on the Market
- General Motors suffers $3.3B first quarter loss
- Economy NOT in recession (not yet) - Grows at .6 percent in first quarter
- Corn Hoax - We’ll need oil… and lots of it…
- It’s 11:59PM… do you know where your taxes are?
- World Bank in D.C. this weekend
- Fascinating Charts from the NY Fed Bank
- It’s official - we’re screwed….
- Mass Murderers make more than Customer Service Reps?
- An Honest Man - a hard message…
- The lighter side of the dollar’s slide - Alfa Romeo returns to the US
- Apparently… things are tough all over…
- As Harriman said to Vanderbilt, “Hey Pal! You can’t bring your railroad through here!”
- 1700 Miles per Fill Up - and you can even get Fries with that!
- Current Economic Data
- Fed Cuts Rates by 3/4 Percentage Point
- Buy on the Rumors… Sell on the News….
- Lehman Brothers Denies “they’re next”… Wall Street Disagrees
- Waiting for the Other Shoe to Drop?
- Hey Buddy, can you spare a Euro?
- The End of Bear Stearns - JP Morgan to Purchase
- Oil Wars on the Horizon? (A multi-part series) Part I
